Answer the following statements true (T) or false (F)
1. According to Michael Porter, three service strategies include a lower price, a differentiated product, and finding a market niche.
2. Scenario planning and the Delphi technique are quantitative forecasting techniques.
3. The best of strategic plans may have to be changed, because the future is uncertain.
4. Three important factors that will influence future hospitality organizations are changing technology, the entry of Generation Y into the workforce, and changes in market segment definitions.
5. Some factors that will affect future hospitality organizations are predictable and simple, like estimating how many teenagers will be available for work in ten years.
1. True
2. False
3. True
4. False
5. True
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Tables illustrate the relationship among variables or sets of data as an image or shape drawn in relationship to two axes
Indicate whether the statement is true or false.
________ in the whispering gallery
a. There b. Their c. They're
Taste Bits Inc. purchased chocolates from Switzerland for 200,000 Swiss francs (SFr) on December 1, 20X8. Payment is due on January 30, 20X9. On December 1, 20X8, the company also entered into a 60-day forward contract to purchase 200,000 Swiss francs. The forward contract is not designated as a hedge. The rates were as follows: Spot Rate Forward RateDecember 1, 20X8$0.89 $0.90(60 days)December 31, 20X8 0.91 0.93(30 days)January 30, 20X9 0.92 Based on the preceding information, the entries on January 30, 20X9 related to the forward contract include a:
A. Credit to Foreign Currency Units (SFr), $184,000. B. Debit to Foreign Currency Transaction Loss, $4,000. C. Credit to Cash, $180,000. D. Debit to Dollars Payable to Exchange Broker, $184,000.
An upward-sloping term structure of interest rates indicates that:
A) longer-term rates are higher than shorter-term rates. B) investors should expect interest rates to decline in the future. C) short and intermediate term rates are real rates while long term rates are nominal rates. D) the Fed is expected to decrease rates in the near term. E) the larger the investment in dollars, the higher the interest rate paid.