Define association


Association is the nature of the relationship between two entities and is represented by the labeled line connecting them.

Business

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Answer the following statements true (T) or false (F)

1. To cut costs all organizations should always use full guest participation. 2. Co-production leads to a decrease in training costs for an organization. 3. An organization changing from full-service to co-production would probably have to make changes in its delivery system. 4. Some guests resent having to co-produce any part of the experience for which they are paying.

Business

Cost behavior is defined as the manner in which costs respond to changes in volume or activity

Indicate whether the statement is true or false

Business

The maturity value of a 60-day, 9 percent, $4,000 note receivable is

A) $3,940.66. B) $3,641.78. C) $4,059.18 D) $4,360.24.

Business

The practice of creating marketable debt instruments that are backed by otherwise illiquid assets is known as ________

A) standardization B) homogenization C) securitization D) adverse selection

Business