Suppliers of debt capital have ________ to the income and assets of the hospitality firm
A) no claim B) a legally protected prior claim
C) a lower priority claim than the owners D) none of the above
The main focus of hospital foodservice is the
A) uniform standards B) speed of service C) MREs D) tray line
The modern manager places an emphasis on guests, employees, and quality (not on money or numbers).
Indicate whether the statement is true or false
Equity capital is provided by the:
A) owners of the firm B) lenders to the firm
C) creditors of the firm D) auditors of the firm
The social and managerial process by which individuals and groups obtain what they need through creating and exchanging products and value with others is called:
A) Economics
B) Marketing
C) Sales
D) Commerce
The stage of the event that is budget driven is the ________ stage. This stage includes contracting out services and arranging all other activities.
Fill in the blank(s) with correct word
Some cruise lines subcontract almost all services including casino management, food and beverage operations, and entertainment to concessionaires.
Indicate whether the statement is true or false
The first step in the control process is to measure actual performance.
Indicate whether the statement is true or false
In an otherwise perfect market in which business taxes exist and interest in tax deductible, the value of a firm is maximized when:
A) the firm uses 50 debt B) the firm uses debt equal to its tax rate
C) the firm uses 99.9 debt D) the firm uses no debt
Stock options are:
A) the right to buy a fixed number of shares of the company's stock at a fixed price for a fixed period of time
B) the right to buy a fixed number of shares of the company's stock at the current market price for a fixed period of time
C) the obligation to buy an unlimited number of shares of the company's stock at a fixed price for a fixed period of time
D) the obligation to buy a fixed number of shares of the company's stock at a fixed price for a fixed period of time