The extent to which something provides economic value greater than its cost is called its
A. accountability.
B. validity.
C. reliability.
D. practicality.
E. utility.
Answer: E
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Answer the following statements true (T) or false (F)
1. What may create a “wow” experience for guests on a first visit may be only “as expected” the next time. 2. In the hospitality industry, the people part of the delivery system is the more important component. 3. Every guest experience is unique. 4. The moment of truth can also be referred to as the critical incident.
A business's cash receipts and cash payments for a specific period are reported on a(n) ________.
A) income statement B) balance sheet C) statement of cash flows D) cash reconciliation statement
A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in cash proceeds. Prepare the issuer's journal entry to record the issuance of the bond.
What will be an ideal response?
Which of the following statements regarding Gatorade's branding is most accurate?
A. Gatorade uses the same formula for all its products and simply changes the brand name when introducing new flavors. B. Gatorade changed its color, packaging, and size of items in the product line for the domestic market so that they would not conflict with those marketed to foreign markets. C. Gatorade's success can be attributed to management's decision to find and then stick with one channel of distribution. D. Gatorade has used the same packaging since the product debuted in 1965. E. Gatorade has changed its product formulation, packaging, and advertising over the years in response to changes in the marketplace.