The recording of data falls under which stage of accounting?
A) Measurement
B) Processing
C) Communication
D) Decision making
A
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Answer the following statements true (T) or false (F)
1. The employee who provides the guest experience need only be well trained to meet the guest’s quality and value expectations and to do so consistently. 2. It is easy to motivate all employees because they all have the same needs, expectations, capabilities, and behaviors. 3. All five levels of needs are equally fundamental. 4. The first managerial challenge in meeting belonging needs is to identify social groups that employees belong to. 5. The sense of belonging or not belonging has little effect on a well-trained, professional hospitality employee.
A truck owned and operated by Roadhog Company was involved in an accident with an auto driven by M. Sore on January 12, 2014 . Roadhog received notice on April 24, 2014, of a lawsuit for $750,000 damages for a personal injury suffered by M. Sore. Roadhog's counsel believes it is reasonably possible that M. Sore will be successful against the company for an estimated amount in the range between
$200,000 and $500,000 . No amount within this range is a better estimate of potential damages than any other amount. It is expected that the lawsuit will be adjudicated in the latter part of 2015 . What amount of loss should Roadhog accrue at December 31 . 2014? a. $400,000 b. $250,000 c. $100,000 d. $0
The Electronic Communications Privacy Act protects electronic communications while they are
in transit as well as when they are stored. Indicate whether the statement is true or false
Toy sales have declined by 10 percent each year, forcing many retailers to exit the industry. To eliminate its remaining competition, Bleaker Toys sells all of its product at a loss and relies on its significant cash holdings to cover costs until its competition is forced to exit the industry. Is this an example of a successful strategy? Why or why not?
A. Yes. Bleaker has achieved a sustainable competitive advantage by selling its toys at a lower price than competitors. B. No. Bleaker's strategy and competitive advantage are unsustainable. C. Yes. Any strategy that forces competition from the market is by definition successful. D. No. Bleaker has failed to create value for its customers.