Explain hospitality in terms of hotel industry ?

Correct Answer: All of the above

Explanation:

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces. 

Examples of variable cost include labor, packaging and raw materials.

Correct Answer: unexpected accidents

Explanation:

Insurance can help you to protect your properties and assets like home, car, stocks,... against unexpected accidents.

Correct Answer: The grace period is in which time period students are not to be worried to repay the loans in that period

Correct Answer: Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time These stakeholders include ? investors, creditors, public, debt providers, governments & government agencies Financial Reporting is very important and critical task of an organization It is vital part of Corporate Governance The objectives & purposes of financial reporting :? * Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making * Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc * Providing information to shareholders & public at large in case of listed companies about various aspects of an organization * Providing information about the economic resources of an organization, claims to those resources (liabilities & owner?s equity) and how these resources and claims have undergone change over a period of time * Providing information as to how an organization is procuring & using various resources * Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities * Providing information to the statutory auditors which in turn facilitates audit * Enhancing social welfare by looking into the interest of employees, trade union & Government

Correct Answer: Debit cards

Explanation:

There are two payment types that will help you stick to your budget.

1. Cash
2. Debit Card

The amount in the debit card is the only amount you can spend to stay within budget.

These method work because once you spend your money, you are done. You don?t have anything else to spend.

 

Credit cards, payday loans, and cash advances are all loans on future income. When you use a credit card, there is always just a little bit more you can spend. These types do not help you budget properly. In fact, these types encourage you to spend beyond your means and be out of budget.

Correct Answer: Continuously rendered services are those services, which are prepared and provided only to the customers who are physically present This kind of service is not finished in instant time; it is a process, which is extended to a time limit It is a kind of face-to-face interaction For example reservation service, restaurant service, massage, etc

Correct Answer: Channel of communication : It is a floe of communication within a department Skipper : This term is used for the status of a room, which indicates that a guest has left the hotel room without arranging to settle his or her account Sundry Services :These are the extra services, which are provided to the guests For eg message, handling of guests

Correct Answer: Adventure tourism : to convert the adventure into pleasure for the purpose of tourism business Attraction : Anything/object/activity, which attracts tourists and attach with it Amenities : Extra facilities, service added with attraction, accessibility and accommodation to create tourism It includes trust, friendship, hospitality, etc Back of the house : Staffs who are not directly involved in providing service Guests rarely interact with them

Correct Answer: Product formation : It can be defined as putting different products and services together to form a product for the satisfaction of customer For eg Hospitality is a product formation which is not made from a single item Service brigade : Team of staffs involved in providing service The Moment of Truth: It is the actual time when customer interacts with service staff It is the moment of contact when no management has control It is the motivation, skill, tools of the service and expectation, behavior, expectation of the customer determines the quality of the service

Correct Answer: Best for "How would you improve upon our product/ company?" Since I?d be coming from an altogether new environment, I am bound to possess a new perspective towards everything here including the company, product, customers, environment, strategy etc This will enable me to constructively question things which anyone else here might not do This will help in improving the things and making the product & company better Having worked closely with product development team I understand how the research for product development is carried out and how is customer requirement analysed; I?d be able to provide a value addition there too