The Use of Different Hotel Rates for Different Classes of Customers

question 47

True/False

The use of different hotel rates for different classes of customers is known as revenue management.

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Definitions:

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Financing Activities

Transactions with creditors or investors used to fund either company operations or expansions. These include issuing bonds, obtaining loans, repaying debt, and issuing or buying back shares.

Cash Dividends

Payments made in cash by a corporation to its shareholder members from its earnings.