Which method of preparing the operating activities section of a statement of cash flows reports major classes of gross cash receipts and cash payments for revenues and expenses?
a. The direct method
b. The indirect method
c. Both the direct method and the indirect method
d. Neither the direct method nor the indirect method
a
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Answer the following statements true (T) or false (F)
1. Information embedded in the service environment should be hidden from customers. 2. Customer-provided information is another source of information guests can utilize to enhance their experience. 3. One way successfully utilized information systems can help service organizations make the delivery of the guest experience’s more effective is by allowing organizations to customize their guest’s experiences. 4. Hospitality organizations should adopt the newest technologies as quickly as possible.
Which of the following applies to the Strength-Threats quadrant of the SWOT matrix?
A. The local fast-food chain Easy Hot Dogs used its wholesome image to maintain its competitive advantage against stiff competition. B. The local fast-food chain Easy Hot Dogs added a salad bar to maintain its competitive advantage against stiff competition. C. The local fast-food chain Easy Hot Dogs expanded its limited menu to maintain its advantage against stiff competition. D. The local fast-food chain Easy Hot Dogs revised its image of being a cheap-food place to being a wholesome family place to maintain its competitive advantage against stiff competition.
Skimming pricing is another name for penetration pricing.
Answer the following statement true (T) or false (F)
Although under GATT's most-favored nation provision all signatories must treat each other as favorably as they treat any other country, nations may give preferential treatment to developing nations and may enter into free trade areas
Indicate whether the statement is true or false