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mestny [16]
2 years ago
13

The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, th

ere was a trend in the first week of September: it was quite common on Monday, Tuesday, and Wednesday nights for four or five guests to cancel at the last minute or just not show up. Therefore, this year the revenue manager made a decision to accept 138 reservations to ensure filling every guest room. This business approach is referred to as _____________, fill in the blank,.
Business
1 answer:
mezya [45]2 years ago
6 0

Answer: Selective overbooking

Explanation:

From the information given in the question, we can denote that the business approach is referred to as selective overbooking.

Selective overbooking can also be referred to as capacity management and it simply refers to ensuring that a particular company maximizes both its output and its potential activities.

This strategy is usually used by hotel businesses as they measure how much they'll make within a particular period of time.

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How do flexible expenses differ from fixed expenses?
Leokris [45]
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
3 0
3 years ago
There is a different​ short-run Phillips curve for every level of the​ ___________ inflation rate. The inflation rate at which t
lions [1.4K]

Answer: expected; expected

Explanation:

The Phillips curve is an economic concept whereby it is stated that there is a stable and inverse relationship between inflation and the unemployment in an economy.

According to this theory, inflation is as a result of economic growth and this will lead to reduction in unemployment.

There is a different​ short-run Phillips curve for every level of the​ expected inflation rate. The inflation rate at which the​ short-run Phillips curve intersects the​ long-run Phillips curve equals the​ expected inflation rate.

6 0
3 years ago
Which of the following is an example of groupthink? A. Everyone on the team agrees with whatever you have to say with very limit
Mekhanik [1.2K]

Groupthink is <u>a psychological phenomenon that occurs in groups, where people have a tendency to conform to whatever the group has to say, and thus lead to irrational behaviors and decisions. </u>

Thus, the best answer for the question would be (A) everyone on the team agrees with whatever you have to say with very limited discussion.

6 0
3 years ago
Read 2 more answers
(1.1: Modeling) Before paying employee bonuses and state and federal taxes, a company earns profits of $103,000. The company pay
yan [13]

Answer:

Amount paid in;

Bonuses to employees = $5,150

State tax = $5,150

Federal tax = $41,200

Explanation:

The bonus paid to employees, federal tax and state tax are all a percentage of the profit made by the company.

The amount of each of these elements may be computed by applying the applicable percentage on the profit made by the company before any of these deductions.

amounts paid in;

bonuses =  5% * $103,000

= $5,150

state tax  =  5% * $103,000

= $5,150

and

federal tax =  40% * $103,000

= $41,200

8 0
2 years ago
You could spend four years studying at the world's best university, but you would have to keep your attendance there a secret. O
horrorfan [7]

Answer:

The best future earnings outcome would come from getting the official degree even if you do not attend any classes.

In the labor market, a degree from the world's best university holds great prestige and increases enormously the possibilities of being hired to high-paying jobs. However, you should make sure that you actually take the courses that you are supposed to have learned while "attending".

The other option is worse because while you would easily be able to demonstrate knowledge and competence, few companies would even consider to hire you if you do not hold a degree.

6 0
2 years ago
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