Disadvantage of the corporate form of business organization, Business Management

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.

Posted Date: 8/29/2013 3:20:19 AM | Location : United States







Related Discussions:- Disadvantage of the corporate form of business organization, Assignment Help, Ask Question on Disadvantage of the corporate form of business organization, Get Answer, Expert's Help, Disadvantage of the corporate form of business organization Discussions

Write discussion on Disadvantage of the corporate form of business organization
Your posts are moderated
Related Questions
explain the steps in planning

The capacity of production systems as well as the nature of storage faculties considerably affects the inventory policy of an organization, e, g capacity for heating oi

Question 1: "Planning, organising and controlling are the key functions of management." Discuss Question 2: Analyse the variety of skills that managers must display to

QUESTION (a) Determine the ten factors that lead to a successful individual counselling between the counsellor and the client. Answer with examples and one case study. (b) E

Question: a) Environmental accounting is an important tool for understanding the role played by the natural environment in the economy. Briefly discuss two crucial factors on

Where do you stand on the issue

You are a manager in the investment industry, whose role is to provide investment portfolio advice and managementto a client, who is your investorprincipal. You should identify t

how to write report on transformational leaders as my leader is chistopher luxon how to find the material, how to write. for getting good scores


What is the Organization? Meaning of Organization: Organization is a structure or mechanism which enables living things to work effectively together. This is described as