The types of funds that may be used in governmental accounting are classified into the three categories of governmental, proprietary, and fiduciary.
Answer the following statement true (T) or false (F)
True
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Which one of the following events involves a liability for a business?
a. Loans to be repaid to banks b. Inventories purchased for cash c. Amounts invested by the owners d. Stock sold to the general public
The ability of a business to meet its current obligations may be determined by the
a. current ratio; b. return on equity; c. inventory turnover; d. average inventory; e. average accounts receivable
The challenge of hospitality is best explained as ______.
a. getting employees to smile at all guests b. finding employees with good experience in hospitality c. ensuring that employees always offer the high level of service the guest wants and expects every time, perfectly d. providing a good product regardless of the setting or the service delivery system
Dominique Astor, a wealthy widow, visits the Inn at Chelmsford a few times each year. When she arrived this past time, she noticed in her room there was a free complimentary box of her favorite Italian chocolates, and a copy of the paper she reads every morning she stays with them. In addition, she was greeted by name and was given her preferred suite. This is an example of the ______.
a. basics driver b. enhancement driver c. wow driver d. personalize driver