See the transactions to Monaco & Associates. The journal entry to record the October 9 transaction will include a credit of $1,220 to
a. Furniture and Supplies
b. Cash
c. Accounts Payable
d. Administrative Expenses
c
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Which of the following statements supports the sales driven approach to the marketplace?
A) Profit maximization is the ultimate motive of a business. B) A superior product can drive the sales in a company. C) Market capitalization is the ultimate motive of a business. D) Sales and profit maximization are dependent on customer value.
Answer the following statements true (T) or false (F)
1. Benchmark organizations discover which of their competencies guests consider to be core, then focus on bringing their other areas up to that standard. 2. Key drivers can be divided into two categories: basic things that the guests expect and the characteristics and qualities that make the experience memorable. 3. The organization can’t know what factors are the key drivers of guest satisfaction until they study all the drivers. 4. A “wow” can be built into any part of the guest experience. 5. The outstanding hospitality managers get the data, and then combine it with hunches and their own personal preferences to arrive at a decision.
Which of the following statements is true in the context of the BCG growth-share matrix?
A) Stars often need heavy investment to finance their rapid growth in a market. B) The positions of SBUs in the growth-share matrix rarely change over time. C) The income from one SBU cannot be used to support other business units. D) Dogs promise to be large sources of cash. E) Cash cows typically turn into stars.
The word “Synectics” means:
A) Exploring synergy across cross functional teams in a public organization B) Providing synergistic co-dependent support structure C) Joining together different and apparently unconnected or irrelevant elements D) Joining together similar ideas and connecting the dots to find a useful solution