For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate definition.A. Efficiency measuresB. Effectiveness measuresC. Planning-programming-budgeting systemD. Zero-based budgetingE. Program budgetingF. Flexible budgetingG. Incremental budgetingH. Budget calendar________ 1. A budget in which each activity and the amounts of resources requested for each activity must be justified each year________ 2. A budget that is derived from the current year budget by adding or subtracting amounts expected to be required by line-items________ 3. A budgeting approach that integrates various elements of planning for programs________ 4. Measures that relate efforts to accomplishments________ 5. A budget in which resource inputs and service
outputs are identified by programs
What will be an ideal response?
1. D, 2. G, 3. C, 4. A, 5. E
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What is convergence? What kind of challenges does it present?
What will be an ideal response?
The primary challenge to the hospitality service provider is ______.
a. The uniqueness of each guest experience b. The actions of the employees directly interacting with customers c. The global nature of the industry d. The successful collaboration of different departments of a company
You keep an average outstanding balance on your credit card of $1,000. Your present credit card has an annual premium of $25 and 18% APR on the outstanding balance
Given the following list of annual premiums, what is the maximum amount you would be willing to pay for a credit card that had a 15% APR? A) $100 B) $90 C) $70 D) $50
The ____ is usually another employee doing basically the same work, some standard ratio based on a fair day’s work, or another employee at approximately the same level in an organization.
a. Team member b. Vertical designator c. Referent d. Horizontal designator