Finance and Accounting
The primary goal of financial management is:
A. Increase employee wages
B. Maximize shareholder wealth
C. Reduce risk entirely
D. Increase total assets
B. Maximize shareholder wealth
Gender equity in sports is primarily enforced through:
A. Collective bargaining
B. Sponsorship agreements
C. Title IX
D. The Americans with Disabilities Act
C. Title IX
Market segmentation based on lifestyle and personality traits is called:
A. Geographic segmentation
B. Behavioral segmentation
C. Demographic segmentation
D. Psychographic segmentation
D. Psychographic segmentation
Opportunity cost is:
A. The explicit monetary cost of goods
B. The value of the next best alternative forgone
C. Always equal to accounting profit
D. Not relevant in economics
B. The value of the next best alternative forgone
At SLC you can compete in up to _ events:
A. 1
B. 2
C. 3
D. 4
C. 3
The basic accounting equation is:
A. Assets = Liabilities – Equity
B. Assets = Liabilities + Equity
C. Assets + Liabilities = Equity
D. Assets – Liabilities = Equity
B. Assets = Liabilities + Equity
The process of finding, attracting, and selecting hospitality employees is part of:
A. Housekeeping
B. Legal department
C. Human resources
D. Guest services
C. Human resources
Which of the following best demonstrates ethical behavior in the workplace?
A. Ignoring company policies
B. Prioritizing profit over people
C. Reporting dishonest activity
D. Delegating all responsibilities
C. Reporting dishonest activity
Comparative advantage refers to:
A. Producing more of all goods
B. Specializing in goods produced at lower opportunity cost
C. Relying on imports only
D. Avoiding international trade
B. Specializing in goods produced at lower opportunity cost
Where is SLC happening?
A. Tampa
B. Jacksonville
C. Miami
D. Orlando
D. Orlando
Retained earnings represent:
A. Assets owed to owners
B. Cumulative net income less dividends
C. Cash available to distribute
D. Revenue for the year
B. Cumulative net income less dividends
Why is relationship marketing critical in sports?
A. It reduces concession prices
B. It encourages fan loyalty
C. It manages TV rights
D. It supports union negotiations
B. It encourages fan loyalty
The legal term for exclusive rights to use a brand name or logo is:
A. Patent
B. Trademark
C. Contract
D. License
B. Trademark
The minimum wage is an example of:
A. Price floor
B. Price ceiling
C. Market equilibrium
D. Wage subsidy
A. Price floor
What month are State/National dues to collected by our chapter?
A. November
B. December
C. January
D. February
C. January
A bond sells at a discount when:
A. Coupon rate > market interest rate
B. Coupon rate < market interest rate
C. Coupon rate = market interest rate
D. It has no maturity date
B. Coupon rate < market interest rate
Which of the following is a current trend in the hospitality industry?
A. Decreased focus on technology
B. Limited customer personalization
C. Contactless check-in and mobile room keys
D. Elimination of loyalty programs
C. Contactless check-in and mobile room keys
Which of the following would be used to build repeat business through e-marketing?
A. Pop-up ads
B. Cold calls
C. Personalized email campaigns
D. Randomized banner ads
C. Personalized email campaigns
The Federal Reserve System regulates:
A. International trade
B. U.S. monetary policy and banking system
C. Minimum wage laws
D. Corporate taxes
B. U.S. monetary policy and banking system
What are the dates of SLC?
A. Feburary 23-26
B. Feburary 12-15
C. March 19-22
D. April 4-7
C. March 19-22
The International Monetary Fund (IMF) is criticized for:
A. Promoting free trade
B. Providing loans with strict conditions
C. Setting domestic taxes
D. Limiting technology growth
B. Providing loans with strict conditions
The process of finding, attracting, and selecting hospitality employees is part of:
A. Housekeeping
B. Legal department
C. Human resources
D. Guest services
C. Human resources
Intrinsic rewards come from:
A. Bonuses
B. Salary raises
C. Internal satisfaction
D. Awards
C. Internal satisfaction
Who is considered the “father of modern economics”?
A. John Maynard Keynes
B. Adam Smith
C. Karl Marx
D. Milton Friedman
B. Adam Smith
Which of the following is an invalid combination of events?
A. Two objective tests and one skil
B. One objective test and two skill
C. One objective test, two performance
D. One objective test, one performance, and one skill
C. One objective test, two performance