Disadvantage of the corporate form of business organization, Business Management

Assignment Help:

The organization that administers the certification programs for Certified Hotel Account Executives and Certified Hotel Technology Professionals is:

Answer

 

a.

the Internal Revenue Service (IRS).

 

b.

the Securities and Exchange Commission (SEC).

 

c.

Hospitality Financial and Technology Professionals (HFTP).

 

d.

the Financial Accounting Standards Board (FASB).

Question

The major disadvantage of the corporate form of business organization is:

Answer

 

a.

limited liability.

 

b.

double taxation.

 

c.

all of the above.

 

d.

difficulty in raising capital.

Question

Regardless of the size of an operation's accounting department, the diversity of its responsibilities, or the number and types of reports produced, the accounting staff is responsible for providing:

Answer

 

a.

clean rooms that are ready for sale.

 

b.

service.

 

c.

guest comment cards.

 

d.

inventory counts.

Question

The generally accepted accounting principle of matching requires that:

Answer

 

a.

hospitality businesses use the cash basis of accounting.

 

b.

expenses be matched with the revenues they generate.

 

c.

accounting adjustments be made at least quarterly.

 

d.

balance sheet accounts and income statement accounts match.


Related Discussions:- Disadvantage of the corporate form of business organization

Why people resist organizational change, Question : Reynolds (2004) sug...

Question : Reynolds (2004) suggested that to create a learning culture that acts as a growth medium it is necessary to develop organizational practices that raise commitment am

Illustrate the total quality management briefly, Illustrate the Total Quali...

Illustrate the Total Quality Management briefly. Total Quality Management (TQM) is a system approach to quality within all spheres of the organisation. TQM implies meeting the

Explain how a commercial bank normally derives its profits, QUESTION (a...

QUESTION (a) Explain how a commercial bank normally derives its profits. (b) The business of banking entails risk taking to achieve return on investment since profits are co

What is customer centric marketing, Problem: (a) What is customer centr...

Problem: (a) What is customer centric marketing? (b) You have been hired as a consultant by an online retailer to design a customer centric marketing campaign in order to he

Supervion and Leadership, Ask quesSupervision and Leadership OBJECTIVE Pre...

Ask quesSupervision and Leadership OBJECTIVE Prepare thoughtful responses to essay questions about your results from the Leadership Behavior Questionnaire in your textbook. PURP

Office management, identify and explain the major problems in the case

identify and explain the major problems in the case

Explain sources of manpower recruitment from the company, Explain the sourc...

Explain the sources of manpower recruitment from within the company. Sources of manpower recruitment from the company: Given are the sources of manpower recruitment for any

Verbal and non-verbal communication at work, QUESTION Because non-verba...

QUESTION Because non-verbal cues can mean more than spoken words and speak louder than spoken words, mastering non-verbal communication skills at work represents a challenge (G

Research design & methodology, regression line drawn as Y=c+1075x, when x w...

regression line drawn as Y=c+1075x, when x was 2 and y was 239, given that y intercept was 11. calculate the residual

Different types of organisation , Study different business organizations in...

Study different business organizations in your business environments    The learner has been given a position of business analyst who will study environments and prepare  report o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd