Current assets are normally listed on the balance sheet in the order of their liquidity.
Indicate whether the statement is true or false
What is the temperature that we should permit our domestic hot water (DHW) to exceed at the tap, to reduce the risk of scalding?
A) 125 Fahrenheit B) 140 Fahrenheit C) 115 Fahrenheit D) 120 Fahrenheit
The hotel industry characteristically has a ________ barrier to exit.
A) Low
B) Moderately low
C) Moderately high
D) High
Today's baby boomers spend about ________ trillion annually.
A) 1
B) 2
C) 2.5
D) 3
The competitive environment in the hospitality industry is ________.
A) Predictable
B) Unpredictable
C) Both predictable and unpredictable
D) Neither predictable nor unpredictable
Today's baby boomers account for nearly ________ percent of the population.
A) 15
B) 20
C) 25
D) 30
Loan agreements for term loans sometimes place restrictions on the compensation of senior management.
Indicate whether the statement is true or false
Associations began in the United States at the beginning of the eighteenth century when what group organized itself?
A) New York hoteliers B) Rhode Island candle makers
C) Orlando conventioneers D) U.S. restaurateurs
In an extended-stay property, the assistant general manager is likely to be responsible for which of the following functions?
A) Accounting B) Chief Engineer C) Front Desk D) All the above
When a new business is created, it needs to know with whom it is competing.
Indicate whether the statement is true or false
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