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

#title: Sole proprietorship, What are the features, advantages and disadvan...

What are the features, advantages and disadvantages of sole proprietorship

What are the important provisions for employee safety, What are the importa...

What are the important provisions for employee Safety? Safety: The provisions regarding safety are as illustrated here: a. Fencing and Encasing of machinery b. Work ont

Methods for delivering a presentation, QUESTION (a) Describe the four m...

QUESTION (a) Describe the four methods for delivering a presentation and explain which type of delivery is the most appropriate. (b) The first step in planning a presentatio

Definition of entrepreneur by harbison and peter f. drucker, Describe the d...

Describe the definition of entrepreneur according to Harbison and Peter F. Drucker. According to Harbison : "An entrepreneur, it is not an innovation but a business builder

Accident control or prevention, Accident Control or Prevention Acciden...

Accident Control or Prevention Accident  prevention  involves removal  or control  of hazards. It  both  science and  art. It represents  above  all other  things  control  of

BIG DATA, You are required to write a report on how Big Data can be used in...

You are required to write a report on how Big Data can be used in Decision Support and Business Intelligence (DS&BI). You are required to select/ research a use case for Big Data.

Business plan, We will make our business plan by considering all aspects of...

We will make our business plan by considering all aspects of business, from finance to entrepreneurial abilities, from human resource management to production and from marketing to

What do you mean by total in total quality management, What do you mean by ...

What do you mean by total in total quality management? Total in Total Quality Management: It is stands for an overall integrated approach to all features of quality, all

Customer service, Applying TQM that emphasizes customer service and emplo...

Applying TQM that emphasizes customer service and employee teamwork to improve products to a business in which the goods they sell are smarts skill and judgment is not without i

Explain the value of non-verbal communication., QUESTION Answer in br...

QUESTION Answer in brief to the following (a) Discuss how effective business communication is linked to personal career success. (b) Describe the value of non-verbal

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