Training and development at all levels of the organization are necessary if employees are to remain current throughout the duration of their employment. Which of the following activities would also be necessary?
A. tracking only key managers
B. monitoring and tracking employee development
C. sharing employee tracking information only with key managers
D. monitoring only key managers
Answer: B
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A liability is a future economic benefit to a business
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Guests who serve as “consultants” to hospitality organizations usually receive a modest consulting fee. 2. George Tilyou’s idea of co-production at Steeplechase Park was never to embarrass any guests in front of other guests. 3. Other guests are a part of the service environment. 4. When guests serve themselves, they are usually helping the organization save on its labor costs.
Jasper makes a $78,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:
A. Debit Notes Payable $78,000; credit Accounts Payable $78,000. B. Debit Notes Receivable for $78,000; credit Cash $78,000. C. Debit Accounts Receivable $78,000; credit Notes Receivable $78,000. D. Debit Cash $78,000; credit Notes Receivable for $78,000. E. Debit Notes Receivable $78,000; credit Sales $78,000.
The purchase of equipment is an example of:
a. An investing activity. b. A financing activity. c. An operating activity. d. None of these are correct.