Budgets are
a. key components of planning
b. financial plans for the future
c. an identifier of objectives and the actions needed to achieve them
d. used for communication and coordination
e. all of these
Answer: e. all of these
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In the _____ phase of data warehousing, specialists compare the data in the data warehouses with the original data to confirm completeness.
A. extraction B. loading C. divisional D. transformationÂ
Answer the following statements true (T) or false (F)
1. Guest focused organizations should trace information and authority from the bottom up. 2. The organizational goal of a hospitality organization is to overpromise and over-deliver. 3. he quality of the entire guest experience is the difference between the quality the guest expects and the quality the guest gets. 4. Quality as perceived by the guest will be affected by changes in either guest expectations or organizational performance.
A particular challenge of the hospitality industry is ______.
a. teaching people how to perform repetitive jobs with consistent quality and enthusiasm b. developing an appropriate career development program for vice presidents c. supplying a benefits package that suits both managers and frontline employees d. paying employees properly and promptly, even if revenues are variable
(CMA Dec 95 #2) Refer to the Alsup Company example. Alsup Company uses the direct method to prepare its statement of cash flows at December 31, Year 4 . The interest that is paid to bondholders would be reported in the
a. Financing Section, as a use or outflow of cash. b. Operating Section, as a use or outflow of cash. c. Investing Section, as a use or outflow of cash. d. Debt Section, as a use or outflow of cash. e. Financing Section, as a source or inflow of cash.