Brief Answer Questions:
[10 × 1 = 10]List two factors affecting budget planning.
Define the term forecasting.
Write down the two disadvantages of VTL.
List down the basis of charging Room rate.
How do you calculate Yield Statistics?
Write down the basic modes of payment.
What do you understand by the term transfer in front office accounting?
Mention two-night audit reports prepared during Night audit process.
What is Master Folio?
Explain the following terminologies:
a. Budget
b. FEER
Short Answer Questions:
[6 × 5 = 30]Define VTL. Write down the posting procedure of VTL.
What is office accounting. Explain its type.
Describe the factors that need to be considered while establishing room rate.
Who is night auditor? Brief the functions of night auditor.
What are the room occupancy ratios? Explain.
List down the measures applied for credit security.
Comprehensive Answer Questions:
[2 × 10 = 20]Explain the importance of yield management. What are yield management strategies?
Define PMS. Mention the selection criteria of PMS. Explain various software system used in hotel.