Association and Corporate Are Categories Of

1. Association and Corporate are categories of

B

2. Which of the following best describes the term realistic job preview? A It's the process of collecting detailed information about the work activities, required performance levels and behaviors, equipment, tools, and context for each required position B It's when an HB attempts to tell and/or show job applicants what it's really like to have a particular job (both the good and the bad stuff) asking employees to keep work diaries C It's a document which details the observable actions required of someone performing a specific job well - including the essential duties they are expected to perform, which specific tasks they must accomplish, and what responsibilities they have D It's when a supervisor/manager and a subordinate employee discuss and compare performance expectations with the employee's actual performance and results for a specific time period

B

3. Which of the following best describes the payment of ongoing royalties included in a franchise agreement? A an amount paid by a franchisor to a franchisee for the right to use the franchisee's brand and to participate in their business system B a periodic fee franchisees pay to franchisors, usually calculated as a percentage of the franchisees' sales revenue for a specific time frame C an amount paid by a franchisee to a franchisor for the right to use the franchisor's brand and to participate in their business system D a periodic fee management companies pay the government for permission to facilitate offshoring

B

4. Which of the following best describes a vendor? A someone who supplies goods or services of a commercial nature to other businesses B an individual who buy the goods and/or services of a business C someone who loans money to a business with an obligation of repayment D an individual who has an interest in the ongoing performance and actions of the business

A

5. Which of the following best describes the term defined contribution plan? A An employer sponsored program which provides employees with confidential professional counseling and/or referral assistance in dealing with a variety of circumstances that may affect on-the-job performance B It's when employers make payments into government required programs (such as Social Security, Medicare, Workers' Compensation etc.) on behalf of or with the potential for future benefit to its employees C An employer sponsored retirement plan which provides no guaranteed benefit levels D It's the cash paid to employees as wages, salaries, bonuses, and/or commissions in exchange for their behaviors on the job

C

6. Which of the following best describes/explains the term committees? A member subgroups that private clubs set up (based on the club's bylaws) which serve to divide the work necessary to keep the club functioning as well as disperse power and provide internal checks and balances B individuals elected by and from a private club's membership to establish and implement policies and set strategies as well maintain financial oversight of the club's operations C the chief operating officers for any club D volunteer individuals who are not club members but agree to provide consulting services to a club so as to gain tax exemption from personal income taxes

A

7. Which of the following best defines/explains the term market? A It the same thing as strategy B It's the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives C It's the same thing as demographics D It's the current and potential customers for a hospitality business's products/services

D

8. Which of the following best describes the term job analysis? A It's the process of collecting detailed information about the work activities, required performance levels and behaviors, equipment, tools, and context for each required position B It's when an HB attempts to tell and/or show job applicants what it's really like to have a particular job (both the good and the bad stuff) asking employees to keep work diaries C It's a document which details the observable actions required of someone performing a specific job well - including the essential duties they are expected to perform, which specific tasks they must accomplish, and what responsibilities they have D It's when a supervisor/manager and a subordinate employee discuss and compare performance expectations with the employee's actual performance and results for a specific time period

A

9. Which of the following is a true statement about private clubs? A to gain membership in a contemporary private club it may be necessary to pay an upfront initiation fee B the decision about legal ownership form taken by some private clubs is not very different than any other hospitality business operated for profit C most private clubs offer food and beverage service which is priced and paid for much like is done in commercial restaurants D all of the above

D

10. Most contemporary hospitality firms try to A increase the number of levels of management as a strategy to lower taxes