The house advantage is the:
a. basis for how the casino makes money
b. same as house edge
c. same as theoretical win percentage
d. same as expected win percentage
e. all of the above are correct
Which of the following features do general and limited partnerships share?
a. unlimited liability
b. limited liability
c. the requirement to have at least one general partner
d. none of the above
Strategic management is:
a. a way of thinking.
b. a process.
c. top management's responsibility.
d. done on a yearly basis.
e. present-oriented.
Regulation of safety of cruise ship passengers on the high seas
a. follows an international convention currently sponsored by the United Nations.
b. is enforced by the U.S. Coast Guard for cruise ships operating in U.S. ports.
c. is a result of the sinking of the Titanic.
d. all of the above.
Which of the following best describes the wager expectation or expected value?
a. how much money a player expects to wager before he leaves the casino
b. the amount of money a player making the wager can expect to win or lose in the long run
c. how much money the player will wager per hand
d. how much the player is worth to the casino in a series of 100 bets
e. the per-hour win by the casino
Sudds and Cobblestone decide to change their general partnership into a limited partnership. The main reason business partners would want to do this is to:
a. develop synergy.
b. avoid unlimited liability.
c. initiate mutual agency.
d. increase guest satisfaction ratings for the coming week.
The U.S. Centers for Disease Control regularly monitors sanitation on cruise ships serving U.S. ports.
Indicate whether the statement is true or false
Which statement best describes managing with a view of tomorrow?
a. Cash flow has nothing to do with competitive methods.
b. Cash flow reports on past performance.
c. Cash flow measures the future value.
d. Cash flow analyzes the current value of the business.
e. Cash flow is not a commonly used measure for today's business.
Explain the purpose of an operating budget.
What will be an ideal response?
Carnival Corporation operates in all segments of the cruise line industry.
Indicate whether the statement is true or false
Quick Reply
