1)

A cut-and-try approach involves the use of detailed spreadsheets and

A.

Manipulation of data inputs for optimal results

B.

Proven aggregation tactics.

C.

Microsoft Office software for accuracy

D.

Cost analysis of several production planning options

2)

Which of the following is true in hotel yield management?

A.

Trivago offers the best rate

B.

Available rooms can be transferred from night to night

C.

One set of rates are offered during the week and for the weekend

D.

Blocks of snacks can be sold on-line

3)

Choose from the list one of the analytical tools in Six Sigma:

1.

Parity Chart

2.

Check Sheet

3.

SWOT Analysis

4.

Process Counting Chart

4)

The process of allocating the right type of capacity to the right type of customer at the right price and time to maximize revenue or yield is known as:

A.

Field management

B.

Revenue management

C.

Yield management

D.

Time and Task management

5)

The term DOE refers to the Determination of Enterprises used to identify and differentiate companies that have a quality program.

Select one:

True

False