Quiz - Chapter 1 PARNEET KAUR 4346312 Student Name Section :- F2 P HOTE 34 Identification Number Hour True/False Questions. Circle either "T" for true or "F" for false: 1. Hotels are often graded by stars: the more stars the better the hotel, with 5 stars typically the best. F 2. Strange as it may seem, most hotels in North America (Canada and the United States) operate almost entirely on the European plan (EP), rather than on the American Plan (AP) or the modified American plan (MAP). T F 3. It is possible - not limited by the contracts of the large franchise and management companies -for one individual to own, say, four different hotels in the same city with four different franchises and four different management companies. T F 4. As a general rule, the business travel market is more price sensitive (that is more elastic in nature) than the leisure/tourist market. T F 5. An October bus tour (through the foliage country of Muskoka) sold through a wholesaler and paid for by each individual traveler is a simple example of an incentive trip. T F Multiple Choice Questions. Circle the one answer that best completes the