A Hotelkeeper's Right to Keep the Property of a Guest

question 36

Multiple Choice

A hotelkeeper's right to keep the property of a guest until paid is known as

• A) hotelkeeper's bailment.
• B) demurrage.
• C) hotelkeeper's lien.
• D) innkeeper's judgment.

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Definitions:

Management

The process of planning, organizing, leading, and controlling an organization's resources to achieve specific goals.

FIFO

"First In, First Out," an inventory valuation method where the oldest inventory items are recorded as sold first.

Perpetual Inventory System

A method of accounting for inventory that records sales and purchases of inventory instantly through the use of computerized point-of-sale systems and enterprise asset management software.