List Three Popular Forms of Ownership Used in the Lodging

question 15

Short Answer

List three popular forms of ownership used in the lodging industry that allow for rapid expansion.

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Definitions:

Finance Charge

the total cost, expressed as a monetary amount, of borrowing credit, including interest, fees, and any other charges associated with the transaction.

Rejection

The refusal to accept or agree to something, such as a proposal, offer, or contract.

Acceptance

In contract law, acceptance refers to the agreement by the party to whom an offer has been made, to the terms of that offer, resulting in a binding contract.

Art Collector

An individual or institution that acquires and possesses artworks for personal enjoyment, investment, or preservation.