Question 1 10 pts The term "benchmarking" as it relates to the hotel industry refers to a line-by-line analysis of an operating statement, comparing metrics for hotels of similar size or profile. True False Question 2 10 pts When performing a benchmarking analysis of a hotel operating statement, which of the following measures of financial comparison would typically not be used? dollars per available room dollars per occupied room percent of revenue (or departmental revenue) percent or original construction cost Question 3 10 pts In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollars per Available Room." True False Question 5 10 pts In the hospitality industry, it is typical for a manager to be expected to analyze the profit and loss or operating statement on a MONTHLY BASIS and to explain variations from budget or from the previous year - both positive and/or negative. True False