Facilities in Hospitality
Typically Referred to as Property Operations and Maintenance (POM) or
A Typical Definition:
Labor and materials associated with building maintenance operations activities
(not including IT or capital expen
1.) Interactive stations, such as a saut station or a custom salad station are examples of
contemporary trends in club dining today, according to the lecturer and handout.
True / False
2.) Physical layout of the operation, the quality and size of
Early/Mid 1800s: commerce clubs & city clubs
Place of gathering
NY & Philadelphia
Late 1800s: golf clubs
People traveled to suburbs to play golf w friends
RAILROAD SYSTEM CAUSED BOOM
The early city clubs opened i
HADM 3040 Club Management Final Review
RED implies previous quiz question
PRIVATE CLUB MANAGEMENT
Introduction: Lecture #1 2/1/16
395 Roman Baths: male-only, secretive, elites of Greece/Rome
Dark ages: underground clubs
Familiarize yourself with the timeline of private clubs
3 most common sports facilities at country clubs:
3 General types of city clubs:
5 Characteristics of Private Club
143.Why is economics relevant?
144.Discuss the pros and cons of economic growth.
145.Discuss the pros and cons of taking from the rich and giving to the poor.
147.What is the difference between a positive and a normative statement?
Which pair of the four Cs plays the dominant role in Canada today?
A. Custom and competition.
B. Cooperation and competition.
C. Command and competition.
D. Command and cooperation.
Accessibility: Keyboard Navigation
Bloom's: Comprehension, Knowledge
80.In reference to voluntary trade, what was Adam Smith the first to
A. It does not happen very often.
B. It may or may not benefit one or both of the parties to the trade.
C. It benefits one party to the trade but only at the expense of the ot
52.Refer to the graph above to answer this question. What is the opportunity
cost of 1 unit of wheat?
A. 0.5 units of rye.
B. 2 units of rye.
C. 5 units of rye.
53.Refer to the graph above to answer this question. What is the opportunity
cost of 1
115.Refer to the table above to answer this question. If Aipotu produces 240
rice, how many beans can it produce?
A. 30 beans
B. 60 beans
C. 100 beans
D. 130 beans
116.Refer to the table above to answer this question. If Aipotu produces 60
beans, how much
Refer to Figure 1.13 to answer this question. If Mendork's production is currently that indicated
by point a, what is the cost of producing four more guns?
A. 1 tonne of butter.
B. 2 tonnes of butter.
C. 6 tonnes of butter.
D. 10 tonnes of butter.
8. If each country is self-sufficient (no trade) and each allocates one half of its
resources to producing each of the two products, what will be the output in
A. 40 bread and 20 figs in Rome and 20 bread and 40 figs in Cathay.
B. 40 bread a
74.All of the following except one are macroeconomic topics. Which is the
A. The effect of a tax change on total consumption.
B. The effect of an interest rate change on the cost of your monthly loan
C. The effect of an exchange rate c
What is the difference between a factor of production and factor price? Give an example of
Factor of production is a productive resource. Factor price is what is paid for the productive
Factors of production: land, labour, capital, en
What are the factors of production?
A. Land, labour, money, and enterprise.
B. Land, labour, money, and capital.
C. Land, labour, capital, and enterprise.
D. Competition, command, custom, and cooperation.
Accessibility: Keyboard Navigation
14.What is implied by the following statement: Social policies are needed to
ensure that no individual lives in poverty.
A. What to produce?
B. How to produce?
C. For whom?
D. How much competition?
E. How much command?
15.All of the following except one a
94.Refer to Figure 1.13 to answer this question. What is the opportunity cost of
producing 2 tonnes of butter?
A. 2 guns.
B. 18 guns.
C. 20 guns.
D. The answer cannot be determined from the information given.
95.Refer to Figure 1.13 to answer this questio
22.Which pair of the four Cs would play the dominant role in a simple
hunter/gatherer society such as that of the San people of the Kalahari
A. Commercialization and competition.
B. Cooperation and custom.
C. Competition and cooperation.
The following table shows the production possibilities for the country of
109.Refer to the table above to answer this question. Erewhon is producing
21units of wine, approximately how many units of cheese can it produce?
A. 7 units of cheese
Why do economists feel that their discipline is relevant?
A. It is able to predict the future very well.
B. It is a value-free study.
C. Its methodology is so different from other social sciences.
D. The scope and range of subjects that it addresses i
Given the following production possibility curve.
a) What is the total cost of producing 27 units of peanut butter?
b) What is the total cost of producing 8 units of jelly?
c) What is the opportunity cost from point B to point D?
d) What is the per u
41.Refer to the graph above to answer this question. If new technology
increased the output of quirks by 50%, how many quirks could be produced
if 600 quarks were produced?
A. 18 quirks.
B. 20 quirks.
C. 15 quirks.
D. 10 quirks.
E. No quirks.
68.Refer to the information above to answer this question. Suppose that
Ghandor is currently producing combination E. What is the opportunity cost
of producing 20 units of Viners?
A. 0 unit of Arrows.
B. 1 units of Arrows.
C. 2 units of Arrows.
D. 3 units
101.In general, how to produce depends most on which of the following?
A. Demand for goods and services.
B. Distribution of income.
C. Opportunity costs and productivity of factors.
D. The scientific method.
102.Which type of economy would involve a centr
Refer to the graph above to answer this question. Assume that the economy is facing PPI and
that 2,000 tons of tea are produced, how many videos could be produced?
Bloom's: Analysis, Application
e) 4 corn.
Bloom's: Analysis, Application
Learning Objective: 01-06 Use the production possibilities model to illustrate choice and opportunity cost; as well as efficiency and unemployment.
Sayre - Chapter 01 #141
Topic: 01-17 Produc
All of the following statements, except one, are positive statements. Which is the exception?
A. Economics is a social science.
B. Economics is sometimes referred as the science of choice.
C. A majority of economists argue that economics is a very rel
139.Tigris produces only two products: tennis balls and tennis racquets. Each
worker comes with a fixed quantity of materials and capital, and the
economy's labour force is fixed at 100 workers. The following table
indicates the amounts of balls and racqu
88.Which of the following refers to the concept of specialization?
A. Different individuals value goods differently.
B. Some individuals are richer than others.
C. Different nations have different opportunity costs of producing goods.
D. Some nations are