Business acumen certification exam 2024 questions and answers
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Course
ABA - Accredited Business Accountant/Advisor
Institution
ABA - Accredited Business Accountant/Advisor
Business acumen certification exam 2024 questions and answers
1. Excessively high employee counts in the balance scorecard accounts could indicates:
Higher Guest Service and Lower GOP; because a lot of expenses decrial GOP
2 The operating results shown on monthly summary profit and loss st...
Business acumen certification exam 2024 questions and answers
1. Excessively high employee counts in the balance scorecard accounts could indicates:
Higher Guest Service and Lower GOP; because a lot of expenses decrial GOP
2 The operating results shown on monthly summary profit and loss statement:
Changes balance sheet and cash flow statement. Because changes current asset and cash.
3 An online discounted channel is called
Opaque
4 Which formula is the formula for the balance sheet?
Assets= Liabilities and Owners Equity
5 Which shows hotels current debt to vendors
Balance Sheet / Accounts Payable
6 In most cases the least expensive channel reservations cost is
Direct call; no discount or commission
7. If GOP is 30% what is total revenue
100% total revenue
, 8. Revenue/Income minus departmental expense and other direct costs equal
GOP; Income Statement
9. For the purpose of cost, volume, profit break even analysis GOP is called
Contribution Margin; becomes profit
10. Total room revenue divided by number of rooms sold equals:
ADR; not RevPAR because RevPAR takes occupancy percentage into account
11. Where is this month’s profit registered on the balance sheet?
Retained earnings
12. For property management team including revenue manager the key measurement of business
results is
Gross Operating Profit
13. If monthly depreciation expenses increase than income tax on profit would tend to
Decrease; the depreciation is when the value goes down
14. Where the hotels GOP or House Profit is is listed
Summary income statement (Profit and loss)
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