CHIA Certification Exam $(1$st Attempt$)$

Question $3$

Which one of the following is an accurate statement about management companies?

A$)$ Management companies only manage hotels in a single chain.

B$)$ Chains or parent companies never manage their own hotels.

C$)$ Management companies have contracts where they receive payment and$/$or some portion of profits.

D$)$ A management company and an asset management company serve the same purpose.

Question $4$

What is an accurate statement regarding "Soft Brand" compared to traditional brands?

A$)$ Hotels that are part of a Soft Brand never benefit from reservation systems and loyalty programs.

B$)$ Very few of the large parent companies have "Soft Brands".

C$)$ Hotels that are part of a "Soft Brand" are usually unique compared to traditional brands where every hotel in the chain is similar.

D$)$ Soft Brands have decreased in popularity in recent years.