What are two possible reasons that management contracting is prevalent in the hotel industry?
What will be an ideal response?
Student answers will vary. A hotel, such as Hilton, that has an international reputation and is highly regarded would bring brand value as well as experience to a foreign firm. For the company supplying the contracting, the investment is minimized because the foreign company supplies the capital.
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When consolidating foreign subsidiaries, the foreign subsidiary's financial numbers must be translated into the parents' currency unit. Under U.S. GAAP if the foreign subsidiary is a self-contained unit the
A. temporal method is used. B. historical cost method is used. C. present value method is used. D. current rate method is used.
The inventory method that assigns the most recent costs to cost of good sold is
A) FIFO B) LIFO C) average D) specific identification
Which is not a standard purpose for a business presentation?
A. inform B. inspire C. convince D. cause action
Your textbook identifies four characteristics of mass communication – one is that it primarily involves one way communication. Which of the following is NOT one of the other three?
a. It usually involves communication to a large, anonymous and heterogeneous audience b. It is usually transmitted through channels that work fast c. Senders are usually big organizations rather than individuals d. It is easily personalized to ensure all the audience perceive the message as important