Answer the following statements true (T) or false (F)
1. Manufacturing and industrial organizations hire more walk-ins than the hospitality industry does.
2. In the hospitality industry, the typical pattern is that potential employees are screened in a brief interview, then those with hiring potential fill out the full application form.
3. The organization should try to maintain a good relationship with all job applicants—both the successful and the unsuccessful.
4. Most hospitality employees, no matter what their educational level, start at the same entry-level point, then try to prove their commitment to service excellence.
1. False
2. False
3. True
4. True
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A performance review system in which all employees within a business unit are ranked against one another is known as a
A. standard curve. B. normal distribution. C. performance positioning. D. forced ranking. E. unit grading.
________ helps an entrepreneur succeed.
A. Fending off constructive criticism B. Risk aversion C. Tolerance of ambiguity and uncertainty D. Encouragement of centralization E. Maintenance of the status quo
The last step in the accounting record-keeping process is:
a. making adjusting journal entries to the accounts to correct errors and to reflect the financial statement impacts of items that occur because of usage or the passage of time. b. preparing the income statement for the period from amounts in the income statement accounts. c. closing the temporary income statement accounts to retained earnings. d. preparing the balance sheet from amounts in the balance sheet accounts. e. preparing the statement of cash flows from balance sheet amounts and from details of transactions affecting the cash account.
Singleton Company's perpetual inventory records included the following information:Date?Number of units and unit costTotal CostJanuary 1Beginning inventory380 units @ $16$6,080?March 4Purchase330 units @ $26.00$8,580?September 28Purchase710 units @ $18$12,780?Number of units sold during the year: 1,060If Singleton uses the weighted-average cost flow method, its average cost per unit would be $26.00.
Answer the following statement true (T) or false (F)