The purpose of a Property Management System is to: A) manage the entire lodging property operation by keeping all of the information regarding all departments in one computer system. B) manage only the guestrooms portion of a lodging property operation by keeping the information regarding the front desk and housekeeping in one computer system C) manage the food and beverage portion of a lodging property business by keeping the information regarding the restaurant and room service in one computer system. D) assist in developing marketing and promotion packages.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
18. The purpose of a Property Management System is to:
A) manage the entire lodging property operation by keeping all of the information regarding all departments in one computer system.
B) manage only the guestrooms portion of a lodging property operation by keeping the information regarding the front desk and housekeeping in one computer system
C) manage the food and beverage portion of a lodging property business by keeping the information regarding the restaurant and room service in one computer system.
D) assist in developing marketing and promotion packages.
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