You have just opened a small independent motel. You are currently gathering preliminary information about the various suppliers in the area. What form of document will you issue?
a. Request for Proposal
b. Request for Information
c. Bid
d. Contract
e. Quotes
Air travel and car rental are ________.
Fill in the blank(s) with correct word
In which market is there more auto travel than in other markets?
What will be an ideal response?
Closing the Interest Income account usually involves:
a. debiting a liabilities account.
b. crediting an asset account.
c. crediting an expense account.
d. crediting the Owners' Equity account.
A manager compares the revenue results for a 28-day P&L period to the results of the 28-day P&L report from the previous 28-day period. What source of information is the manager using to analyze the revenue portion of the current P&L statement
a. Budget
b. Chain standard
c. Industry standard
d. Historical performance
What is a formal document that presents the supplier with details on the requirements, along with terms and conditions, and asks for specific responses to requested information along with pricing?
a. Bid
b. Request for Information
c. Request for Proposal
d. Request for Identification
What is mevushal?
a. A kosher certification agency
b. The word used for a neutral product, prepared with neither meat nor dairy
c. A certification for wines that allows them to be served at kosher events
d. A coming of age ceremony in the Jewish culture
e. The process of exposing a product to high heat and then rapidly cooling it
A manager's operation had an income before income taxes of 2,000 in a month. Total expenses were 18,000 in that month. What was the operation's total sales amount in that month?
a. 20,000
b. 25,000
c. 30,000
d. 35,000
What factor has resulted in a drop in the percentage of overall casino revenues from casinos in Atlantic City and Las Vegas?
What will be an ideal response?
What options do small operations commonly select for payroll administration?
a. Part time bookkeeper or use of bookkeeping software
b. Fulltime payroll administrator to ensure accuracy
c. Outsource payroll administration to specialized firm
d. Pay fee to full service bank to provide this function
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