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Practice_Prelim_1

Practice_Prelim_1 - Fall 2008 SKAR Prelim 1 Page 1 For each...

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Fall 2008 Prelim 1 SKAR Page 1 For each of the following questions, select the best answer and fill in the corresponding bubble. I. OVERVIEW (60 points) 35 questions @ 2 pts. each 1. An example of a “demand generator” would be: (a) Families coming to town to visit relatives (b) A large themed amusement park like Disney World (c) A very attractive lobby (d) High speed internet in all the guestrooms (e) A business person on a sales trip 2. Which of the following describes the difference between a financial asset and a real asset? 3. Based on the material covered in Lecture 2, which of the following is the best way to calculate investment value for an operating hotel? 4. Which of the following is most likely to join the development team as a lender? 5. Which of the following represents a change in the supply of hotel rooms? (a) An increase in the number of conventions booked (b) The reflagging of a Ramada as a Holiday Inn (c) A fire that shuts down a hotel for a year (d) Both (a) and (b) (e) Both (a) and (c) 6. Condo hotels used to be a very popular as a hotel development approach because:
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