QUESTION 6. A comparative analysis uses all the following techniques except:

		Percentage of RevPAR
		Percentage of revenue
		Per Available Room
		Per Occupied Room

QUESTION 7. Asset management involves all the following activities except:

		Operation reviews
		Employee scheduling
		Capital expenditures
		Monitor financial performance

9. CapEx is:

		Money set aside by the brand for capital revenues
		Money set aside by the Brand for future improvements.
		Money set aside by the owner for future improvements.
		Money set aside by the owner to pay for franchise fees

QUESTION 10. All the following are true statements about REITs except:

		The value of the REIT is determined by the cap rate
		REITs allow for the public participation in commercial real estate ownership.
		An advantage to investors is generally higher dividends paid back to the investor.
		REITs were established by the Real Estate Trust Act of 1960

13. Presently, the average yearly amount set aside for CapEx is:

		7% of gross revenue
		7% of hotel expenses
		4% of gross revenue
		4% of departmental revenue