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

#primary sources of collecting data, Ask question #compare and contrast int...

Ask question #compare and contrast interview and questionnaires as primary sources of collecting data#

Research methods, good morning I have an assignment for research methods ...

good morning I have an assignment for research methods and my topic Is a study on employee retention Strategies among Mohammed LLC & i will send the assignment way and one Exa

Describe the difficulties that you may encounter, Probelm 1: Show the o...

Probelm 1: Show the official roles of the chairperson, the secretary and members before, during and after formal meetings. Probelm 2: Consider that you are the team lea

What do you understand by the term kinesics, QUESTION 1 (a) Examine cri...

QUESTION 1 (a) Examine critically the three major barriers to inter-cultural communication. (b) Explain how these barriers could be eliminated due to a better understanding

Gender diversity, Three of the best companies in terms of their advancement...

Three of the best companies in terms of their advancement and development of woman are Motorola, Deloitte, and Touche and Bank of Montreal (See Nelson and Quick, 2007 p. 47). Avon

Material management, relation to material management of the concept and its...

relation to material management of the concept and its contribution explen economic order quantity

Why management might choose a direct approach, Explain the reasons why mana...

Explain the reasons why management might choose a direct approach to a system changeover in preference to other alternatives (such as phased, parallel running or pilot schemes).

Identifying and responding to consumer needs, 1. Increasing the organizat...

1. Increasing the organization ability to compete with rival firms and remain competitive over the long run. JIT allows organizations to develop an optimal process ( well in

Left or Right, if you were one of the other foremen, what could you do to m...

if you were one of the other foremen, what could you do to make rajinder?s transition easier?

Success of public-private partnership, Question 1: (a) How the Public-...

Question 1: (a) How the Public-Private Partnership Act 2004 improves over the Concession Projects Act of 1997 which was repealed in 2001? (b) Critically examine some of th

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