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

The new government when establishing a suitable tax, The country of Changel...

The country of Changeland has, for many years, operated as a military dictatorship. Last year, though, a people's revolution brought a democratic election for the first time in liv

Bureaucratic approach, is bureaucratic approach appropriate for nestle

is bureaucratic approach appropriate for nestle

Economise of maintenance, Maintenance is a costly activity. It is one of th...

Maintenance is a costly activity. It is one of the sizeable indirect costs that enter in to manufacturing and hence it should be given considerable attention by the operations

Quality audit, Quality audit is an appraisal of the whole quality control....

Quality audit is an appraisal of the whole quality control. It is not so much concerned with the quality of the product as with the quality of the product as with the adequa

Push factors in diversity, The 1990s saw the development of a new trend in ...

The 1990s saw the development of a new trend in the form of workforce diversity mainly because of the liberalisation and globalisation of markets (Henry and Evans, 2007). As the bu

Evaluate the companys approach to innovation management, Select a company o...

Select a company of your choice. You are to analyse, evaluate and critique the company's approach to Innovation Management. Identify who the key player/s is/are? Comment on the ty

What is the suitable procedure of job evaluation, What is the suitable proc...

What is the suitable procedure of job evaluation? Procedure of Job Evaluation: 1. Know the job to be evaluated. 2. Define and analyse the needs of the job. Write-down

Determining lead time, This is the time gap between placement of an orde...

This is the time gap between placement of an order and the time of actual supply. The determination of lead time is a complicated matter. It is of core significance i

Controling, measure of actual performances

measure of actual performances

Companywide involvement, Autonomous maintenance by operators. Small group ...

Autonomous maintenance by operators. Small group activities by R& D engineering, manufacturing logistics marketing and such various departments at all levels companywide ( co

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