Which of the following does NOT affect pricing policies for the tourism and hospitality sector?
a. low fixed costs
b. variability of demand
c. late booking
d. fixed capacity
a. low fixed costs
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What is meant by the term "seamless service"?
What will be an ideal response?
An auditor who discovers that a client's employees paid small bribes to municipal officials most likely would withdraw from the engagement if:
A. documentation that is necessary to prove that the bribes were paid does not exist. B. management fails to take the appropriate remedial action. C. the client receives financial assistance from a federal government agency. D. the payments violated the client's policies regarding the prevention of illegal acts.
On January 1, All City Services has the following balances:
Accounts Receivable $22,000 Bad Debts Expense $0 All City has the following transactions during January: Credit sales of $120,000, collections of credit sales of $84,000, and write-offs of $18,000. All City uses the direct write-off method. The amount of Bad Debts Expense for January is ________. A) $22,000 B) $25,714 C) $12,600 D) $18,000
Define the "Tell 'Em" principle and the "KISS 'Em" principle
What will be an ideal response?