Three Economics Multiple Choice questions

| August 14, 2017

1. The value of a hotel building is determined by:a. The assessment of the local (municipal) tax agencyb. The IRS’s (Internal Revenue Service’s) published guidelines for that size hotelc. A per room value multiplied by the number of rooms in the hoteld. Daily RevPar multiplied by 365 days per yeare. An approximate average of a, b, and c together2. Which of the following is a possible form of hotel ownership?a. Corporationb. Partnershipc. Joint Ventured. Family-ownede. All of the above3. Guest (at full-service hotel) who seek to buy tickets to the opera might inquire of the:a. Rooms managerb. Steward, not stewartc. Resident managerd. Conciergee. All of the above

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