The AB Group of Hotels Is Keen on Building Relationships

question 38

Multiple Choice

The AB group of hotels is keen on building relationships with customers.To ensure success in this effort,the attitudes and actions of its employees need to be ________ oriented.

• A) sales
• B) production
• C) customer
• D) societal

Apply journal entry recording for various business transactions.

Analyze the impact of transactions on financial statements (balance sheet, income statement, statement of cash flows).

Comprehend the preparation and components of an income statement through operating income.

Differentiate between cash basis and accrual basis of accounting.

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Definitions:

Depreciable Asset

An asset that loses value over time due to wear and tear or obsolescence and for which depreciation can be applied in accounting.

Chlorinated Hydrocarbons

Chemical compounds containing chlorine, carbon, and hydrogen, which are used in industrial applications but can be harmful to the environment and health.

Pesticides

Chemical substances used to kill or control pests including insects, weeds, and disease-causing organisms, in agricultural and residential settings.

Contact Insecticides

Chemical substances that kill insects upon direct contact.