1:

In the short run, when room supply is held constant...

	A.	changes in room demand will not affect the selling prices of rooms.
	B.	an increase in demand for rooms typically leads to a decreased selling price.
	C.	a decrease in demand for rooms typically leads to a decreased selling price.
	D.	a decrease in demand for rooms typically leads to an increase in selling price.

2:

What is subtracted from the numerator when calculating Net ADR Yield?

	A.	ADR
	B.	The hotel's yield percentage
	C.	Average cost per occupied room
	D.	Reservation generation fees

3:

Which of the following formulas is used to calculate RevPAR?

	A.	GOPPAR x Occupancy %
	B.	ADR / Occupancy %
	C.	ADR x Occupancy %
	D.	GOPPAR / Occupancy %

4:

Which is NOT an example of ancillary revenue in a hotel?

	A.	Roll away bed rentals
	B.	Golf fees
	C.	Parking fees
	D.	Interest income

5:

Which formula is used to calculate flow-through?

	A.	(GOP this period - GOP last period) / (Total revenue this period - Total revenue last period)
	B.	(GOP this period + GOP last period) / (Total revenue this period - Total revenue last period)
	C.	(GOP this period - GOP last period) / (Total revenue this period + Total revenue last period)
	D.	(GOP this period + GOP last period) / (Total revenue this period + Total revenue last period)

6:

A rack rate is best understood as the price of a hotel's...

	A.	rooms when discounts are offered.
	B.	most expensive room types.
	C.	least expensive room types.
	D.	rooms when no discount is offered.

7:

GOPPAR is best defined as hotel's...

	A.	ADR x RevPAR x Occupancy %
	B.	revenue less management controllable costs per available room.
	C.	ADR x RevPAR
	D.	revenue less management controllable costs per sold room.

8:

In the select (limited) service segment of the hotel industry, non-room revenue typically accounts for what percentage of total revenue?

	A.	More than 50%
	B.	5-20%
	C.	20-50%
	D.	Less than 5%

*Please explain answers & show work for calculations*