Under Howard Hughes' new management style, the casino functioned like any other large corporation in all of the following ways except:
a. Superstitions were replaced by well- researched facts.
b. The individual owner replaced teams of employees.
c. The idea that a dealer was responsible for losses was replaced by probability theory.
d. The casino made money and this encouraged other corporate giants
e. Casinos began to be run like businesses.
True False Major airlines created Orbitz to allow them to sell to consumers without paying the high fees of the Global Distribution Systems.
Indicate whether the statement is true or false
Danny Default is the maker of a note to the Long-Stay Hotel for his stay there. On the note's maturity date, Danny has not paid the note. Now the note is called a:
a. debtor.
b. non-interest-bearing note.
c. discounted note.
d. dishonored note.
What is the menu pricing markup if the operatingbudget specifies a 40 food cost?
a. 0.25
b. 0.4
c. 2.5
d. 4.0
Between 1938 and 1978, the Civil Aeronautics Board granted many new trunk routes to new airlines in competition with the established major carriers.
Indicate whether the statement is true or false
A company that has either an account receivable or a note receivable on its books is called a:
a. debtor.
b. creditor.
c. note maker.
d. note discounter.
There have been four major trends that have spanned American culture and influenced the development of gaming and casinos. They include all of the following except:
a. from outlaw to respectable
b. from a low-tech culture to a high-tech culture
c. from association with conmen to association with shysters
d. from a focus on the individual to a focus on the masses
e. from the individual business owners to team management.
Which of the following is NOT a method to add flavors to cordials?
a. Infusing
b. Compounding
c. Harvesting
d. Percolation
e. Maceration
What is the formula for an operation's revenue?
a. Profit Expense = Revenue
b. Units sold Expense = Revenue
c. Selling price Expense = Revenue
d. Selling price Units sold = Revenue
Strong corporate cultures are very important because of all but which of the following:
a. They set boundaries for behavior by managers and employees.
b. They make it easier for employees to know what to do when formal rules are not available.
c. They make it easier for employees to described the personality of an organization
d. They set the tone for problem solving
e. They set guidelines for problem solving
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