03 Jun Question 1. The value of a hotel building is determined by:
Question
1. The value of a hotel building is determined by:
a. The assessment of the local (municipal) tax agency
b. The IRS’s (Internal Revenue Service’s) published guidelines for that size hotel
c. A per room value multiplied by the number of rooms in the hotel
d. Daily RevPar multiplied by 365 days per year
e. An approximate average of a, b, and c together
2. Which of the following is a possible form of hotel ownership?
a. Corporation
b. Partnership
c. Joint Venture
d. Family-owned
e. All of the above
3. Guest (at full-service hotel) who seek to buy tickets to the opera might inquire of the:
a. Rooms manager
b. Steward, not stewart
c. Resident manager
d. Concierge
e. All of the above
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