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

Production capacity and storage facility, The capacity of production sys...

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

Leadership, Why is it important for a leader to be able to manage across cu...

Why is it important for a leader to be able to manage across cultures? Communicate your thoughts on the following statement: “Leaders who cannot understand cultural differences in

principles of writing especially business writing , What are the general p...

What are the general principles of writing especially business writing

Improvement production process, The table below lists the seven wastes as t...

The table below lists the seven wastes as the target for continuous improvement production process. 1. Waste of Overproduction : eliminate by reducing setup times synchronizing qu

Shaping the behaviour of a selected organisation , Illustrate that synthesi...

Illustrate that synthesis has been used to generate and justify valid conclusions made in Shaping the behaviour of a selected organisation      a)  Tlak about the significance of

BUSINESS, WHAT THE DIFFERENT BETWEEN BUSINESS MANAGEMENT AND BUSINESS ADMIN...

WHAT THE DIFFERENT BETWEEN BUSINESS MANAGEMENT AND BUSINESS ADMINISTRATION?

..greening an organisation, greening an organisation and the effects that m...

greening an organisation and the effects that might affect greening an organisation

MARKETING PRINCIPLES, THE CONCEPT OF SEGMENTATION IN APPLE'' COMPANY IN ORD...

THE CONCEPT OF SEGMENTATION IN APPLE'' COMPANY IN ORDER PLEASE

International Businness, VK Ltd a multi product company, furnishes you the ...

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000

Identify the different levels of managers, QUESTION (i) Mintzberg ident...

QUESTION (i) Mintzberg identified ten roles (or behaviours) which managers perform at work; he found that these roles were highly interrelated. Using appropriate examples, brie

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