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Which one is the qualitative data using in forecast tools ?

Choose one which is not purpose of budgeting

BALI ZOO

10 terms·StudBud Administration·22 plays

Budgeting and Forecasting

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Questions 10

Answers

1
Choose one which is not purpose of budgeting
Submission
Anticipate and prepare
Evaluate
Communication channel
2
Which one is the qualitative data using in forecast tools ?
Hotel Occupancy
Average Food Check
Personal assessment
Rooms Night
3
Unexpected changes to the political environment is one of the internal roadblock in forecasting
False
True
4
Purpose of forecasting?
View, evaluate, and manage
Evaluate, judge and summarized
View, reporting and submission
Preparation, reporting and decision
5
How to forecast effectively?
Other competitor's data history
Trends, Historical Data and business dynamic
Brand's figures
Owner and corporate data
6
Budget is the same with forecast.
False
True
7
Who is responsible for budget and forecast preparation in the hotel?
Financial Consultant
GM, DOF and DOSM
Owner and Board of Director
All Executive Committee / DH's
8
What is the assumptions based on the management’s experience, knowledge, and judgment.
Cashflow
Financial Statement
Budget
Forecast
9
What is KPI ?
Key Penetration Index
Key Performance Inflation
Key Performance Indicator
Key Performance Implication
10
What is budget means?
Estimation sales, target and trend
Estimate revenue, cost and energy for more than 1 year
Estimate revenue, cost and resources over a specific period
Supporting tools for decision maker