Answer the following statements true (T) or false (F)
1. Because hospitality services are largely intangible, having a strong brand image is very important in the hospitality field.
2. Differentiation means to scrap the old strategic plan and build a different one.
3. An example of finding a special niche would be to target a market by lowering the cost of the service product.
4. Although strategic planning is traditionally viewed as a management prerogative, more hospitality organizations are including their employees in planning.
1. True
2. False
3. False
4. True
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Which of the following is not an investing activity?
A) Purchase of investments for cash B) Purchase of equipment for cash C) Sale of merchandise for cash D) Sale of land for cash
Judson is a limited partner in a limited partnership. Judson does not have the right to dissolve the partnership except by decree of a court
Indicate whether the statement is true or false
Cash customers generally provide for a shorter cash conversion cycle than do credit customers in part because there is no additional collection cycle for the cash customers as there is with credit customers
Indicate whether the statement is true or false.
The spot price of the market index is $900. After 3 months, the market index is priced at $920. An investor has a long call option on the index at a strike price of $930. After 3 months, what is the investor's profit or loss?
A) $10 loss B) $0 C) $10 gain D) $20 gain