Quiz 1

A  Deposit and Cancellation policies

B  Length of time the contract prices exists.

C  Identification of Who is authorized to modify the contract

D  all the above

A  FALSE

B  TRUE

A  TRUE

B  FALSE

A  Franchise-related Contracts

B  all the above

C  Management Operating Contracts

D  Group Lodging Contracts

E  Meeting Space Contracts

A  TRUE

B  FALSE

A  FALSE

B  TRUE

A  Acceptance of a deposit

B  Agreement in writing

C  all the above

D  Verbal or nonverbal agreement

E  Acceptance of partial or full payment

A  Acceptance

B  Offer

C  Consideration

D  all the above

A  TRUE

B  FALSE

A  FALSE

B  TRUE

A  Franchise

B  all the above

C  Condo Hotels/Shared Services

D  Management Contract

E  Owner-Operator

A  General Partnership

B  C Corporation

C  all the above

D  Sole Proprietorship

E  Limited Partnership

A  FALSE

B  TRUE

A  FALSE

B  TRUE

A  Equal Employment Opportunity Commission (EEOC)

B  Internal Revenue Service (IRS)

C  Occupational Safety and Health Administration (OSHA)

D  all the above

E  Food and Drug Administration (FDA)

A  Stay abreast of changes in regulations that affect your segment of the industry.

B  Understand how to resolve conflicting regulations.

C  all the above

D  Be aware of the process for responding to an inquiry or complaint from a regulatory entity.

E  Be aware of the major entities responsible for regulation.

A  TRUE

B  FALSE

A  TRUE

B  FALSE

A  Would I publicize my action?

B  Is it legal?

C  all the above

D  Am I being honest?

E  Is it fair?

A  all the above

B  Laws have an evolutionary nature, based on changes in society.

C  Laws have historical origins, and the manager needs to know them

D  It is possible to use the philosophy of preventive management to manage the legal environment and minimize the chances of litigation.