Organizations that pass the leadership roles onto the children of former leaders most likely view leadership as a(n)
a. trait.
b. socially based characteristics.
c. inherited personality.
d. birthright.
d. birthright.
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Explain with examples, the concept of solution selling
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. New technologies aim to give guests more of what they want, need, and expect from a service organization. 2. The front and back of the house operations do not need to communicate that much in hospitality and service organizations because they are independent of one another. 3. POS systems have complicated the communication between front and back of the house employees. 4. Some POS systems can be accessed from anywhere around the world.
As a business grows or evolves it is necessary for the accounting system to
A) stay the same according to the consistency principle. B) completely change computerized accounting systems and simplify to a manual system. C) completely change all manual accounting systems to one that is computerized. D) adapt or modify to meet the specific needs of the business.
On May 18 of last year, Carter sells unlisted stock with a cost of $24,000 for $60,000. Carter collects $20,000 initially and is scheduled to receive $10,000 each year for four years starting this year plus an acceptable rate of interest. After receiving the first $10,000 scheduled installment payment, Carter is unable to collect any further payments. After incurring legal fees of $1,000, Carter recovers a portion of the stock valued at $26,000. As a result of the repossession, Carter must report
A. ordinary income of $13,000. B. ordinary income of $9,000. C. capital gain of $9,000. D. capital gain of $13,000.