HOSP 4200 EXAM 1 QUESTIONS AND ANSWERS
ELABORATION GRADED A BASED ON FINAL EXAM!!
CAPEX
answers: Capital Expenditure
Reserve & Replacement Funds used by a company to:
1. Acquire or upgrade physical assets (property, industrial buildings or equipment)
2. Maintain or increase the scope of their operations
3.Replacement of worn-out furniture, finishes and soft goods
4.Includes obsolete facilities and regulatory requirements e.g. Americans With
Disabilities Act (ADA)
-really take off in year five of a new property
disadvantage of deferred maintenance
answers: postponing repairs to save costs.
-long-term costs
- system failure
- emergency repairs
- fines from regulatory agency
- time wasted when waiting for repairs
FFE
answers: Furniture, Fixtures, and Equipment; relatively high expenditure
POM budget
, answers: Property Operation & Maintenance budget
Includes:
Labor
Fringe benefits
Supplies and expendables
Contract maintenance
Facilities Manager
answers: These are the responsibilities of a _________ _________.
1. Safety and security
2.Legal and regulatory compliance
3.Service
4.Cost control
5.Asset management
Equipment Data Card
answers: permanent documentation form used for all major pieces of equipment to
record important maintenance information
Room Data Card
answers: A card used to record information concerning the basic characteristics
and major elements of an individual guest room.
ELABORATION GRADED A BASED ON FINAL EXAM!!
CAPEX
answers: Capital Expenditure
Reserve & Replacement Funds used by a company to:
1. Acquire or upgrade physical assets (property, industrial buildings or equipment)
2. Maintain or increase the scope of their operations
3.Replacement of worn-out furniture, finishes and soft goods
4.Includes obsolete facilities and regulatory requirements e.g. Americans With
Disabilities Act (ADA)
-really take off in year five of a new property
disadvantage of deferred maintenance
answers: postponing repairs to save costs.
-long-term costs
- system failure
- emergency repairs
- fines from regulatory agency
- time wasted when waiting for repairs
FFE
answers: Furniture, Fixtures, and Equipment; relatively high expenditure
POM budget
, answers: Property Operation & Maintenance budget
Includes:
Labor
Fringe benefits
Supplies and expendables
Contract maintenance
Facilities Manager
answers: These are the responsibilities of a _________ _________.
1. Safety and security
2.Legal and regulatory compliance
3.Service
4.Cost control
5.Asset management
Equipment Data Card
answers: permanent documentation form used for all major pieces of equipment to
record important maintenance information
Room Data Card
answers: A card used to record information concerning the basic characteristics
and major elements of an individual guest room.
