Question: 1. In lodging industry Operating Statement, Undistributed Operating Expenses include all of the flowing except: a. Property Operation and Maintenance b. Administrative and General c.

1. In lodging industry Operating Statement, Undistributed Operating Expenses include all of the flowing except:

a. Property Operation and Maintenance

b. Administrative and General

c. Sales and Marketing

d. Insurance

2. In "A Note to Readers", Trends in the Hotels by CBRE provides readers with following information:

a. A collection of operating data for various industry segments.

b. Benchmark of comparative measurements for evaluating the process of lodging assets on a year-to-year basis.

c. Selected financial data of lodging industry to assist operators in improving their lodging operations.

d. Operating and financial data related to regional properties so operators may compare their hotels to similar properties.

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