Evaluate the different variables in the chart located on Table 1 ...

[lbcchick]

Evaluate the different variables in the chart located on Table 1 and discuss conclusions that can be drawn from industry wide data. What negatives (if any) are associated with this information?
 
  What will be an ideal response?

Question 2

What is the benefit to employees who are members of a labor union?
 
  a. Representation and negotiation of rights and wages
  b. Union hall posts job opportunities for members
  c. Increased job socialization and teamwork for the price of dues
  d. Little upside due to threat of strikes and grievances

[SVictor]

Answer to Question 1

Depending on the students' knowledge and comprehension of a hotel financial statement in the Uniform System of Accounts, instructors should describe the format and discuss process for analysis. An emphasis should be placed on the F&B departmental expense data. One negative attribute of the industry data is the potential for a wide range of inputs. Asset Manager's need to evaluate which properties are included in the industry data and how applicable it is for the subject hotel. Some hotels are unique and data for similar property types can be difficult to obtain.

Answer to Question 2

A

[lbcchick]

Both answers were spot on, thank you once again

[SVictor]

Great! Please up vote