When an Airline Goes After a "Share of Travel" from Its

question 111

Multiple Choice

When an airline goes after a "share of travel" from its customers,it is attempting to increase ________.

• A) partner equity
• B) share of customer
• C) profit margins
• D) customer-managed relationships
• E) customer ownership

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Definitions:

Revenue Recognition Methods

The principles that dictate the conditions under which revenue is recognized in the accounts, including delivery of goods/services, evidence of an arrangement, fixed or determinable price, and collectability is reasonably assured.

Revenue From Contracts

Income that a company recognizes from the fulfillment of performance obligations specified in contracts with its customers.

Net Patient Service Revenue

The total revenue derived from patient services provided by a healthcare institution, net of any allowances for discounts and adjustments.

Third Party Payors

Entities (usually insurance companies or government agencies) that pay for healthcare services on behalf of patients.