When markets are perfect, Modigliani and Miller showed that:
A) firms should use all debt capital in their capital structure
B) firms should use all equity capital in their capital structure
C) firm capital structure has no effect on firm value
D) firms maximize firm value by using only long term debt instead of short term debt
Everything else being the same,
A) the sooner a dividend is received, the less it will be worth today
B) the sooner a dividend is received, the more it will be worth today
C) when a dividend is received does not affect its worth today
D) the later a dividend is received, the more it will be worth today
Most passengers utilize ________ to make selection decisions/arrangements for the cruise.
A) Internet third-party sites such as Priceline B) travel agencies
C) the Internet D) direct telephone calls to cruise company
Which of the following management principles suggests that each staff member should only have one boss?
A) Unity of command B) Span of control
C) Responsibility D) Authority
A ________ typically revolves around an agricultural event.
Fill in the blank(s) with correct word
One of the biggest nonmonetary costs for hospitality customers is ________.
A) Sentiments
B) Resources
C) Energy
D) Time
A product can be:
A) Tangible or intangible
B) Tangible only
C) Intangible only
D) Tangible and intangible
The most basic concept underlying marketing is that of:
A) Understanding
B) Buying power
C) Needs
D) Customer
Space on cruise ships is classified into what broad categories?
A) Passenger staterooms
B) Private spaces
C) Public spaces
D) B and C above
E) All the above
________ events provide a unique opportunity for the event manager to work with a particular group- normally a theme is chosen for the event.
Fill in the blank(s) with correct word
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