Question

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 or false

Answer 1

True

Step-by-step explanation:

Benchmarking is an important practice in all industries. It helps to compare the performance of the business to peers or industry bests. The managers are able to identify areas of success, and areas in need of improvement.

The process of benchmarking for a Variable Revenues / Expenses (such as payroll) the typical metrics used are

- Percent of Revenue

- Dollars Per Occupied Room