Hotels and Motels That Are Part of a ________ Share

question 11

Multiple Choice

Hotels and motels that are part of a ________ share a centralized reservation system and a common image,logo or advertising slogan.

• A)proprietorship
• B)referral association
• C)franchise
• D)REIT

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Definitions:

Straight-Line Method

A method of calculating depreciation by distributing the cost evenly across an asset's useful life.

Expense Recognition

The principle that expenses are recognized when they contribute to the generation of revenue, not necessarily when the cash is paid.

Systematic Allocation

The process of methodically spreading costs or revenues over a specific period of time or among different departments or products.