To improve orientation, you need candid, comprehensive feedback from everyone involved in the program.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. According to Michael Porter, three service strategies include a lower price, a differentiated product, and finding a market niche. 2. Scenario planning and the Delphi technique are quantitative forecasting techniques. 3. The best of strategic plans may have to be changed, because the future is uncertain. 4. Three important factors that will influence future hospitality organizations are changing technology, the entry of Generation Y into the workforce, and changes in market segment definitions. 5. Some factors that will affect future hospitality organizations are predictable and simple, like estimating how many teenagers will be available for work in ten years.
Recognition of revenue usually occurs when
a. the firm pays for the related expenses. b. the revenue is earned, such as at the time of the sale or delivery of the goods. c. a signed, legally binding contract is received. d. an advance payment for the goods is received. e. none of the above.
The assessment of team performance implies that individual contributions should be ignored.
Answer the following statement true (T) or false (F)
Eleanor's Mittens, Inc., a merchandising company, wants to prepare the budgeted balance sheet for the next budget period. For this purpose, the amount of ending cash balance can be retrieved from the ________
A) capital expenditures budget B) budgeted funds flow statement C) cash budget D) sales budget