If a Representative of a Hotel Group Offered an Existing

question 58

Multiple Choice

If a representative of a hotel group offered an existing customer a free night in a hotel property, and when the customer checked into the hotel, the concierge asks the guest to attend a presentation about the hotel group's time share opportunities, this business practice would probably fall into which of the following categories?

• A) ethical but illegal
• B) ethical and legal
• C) unethical and illegal
• D) unethical but legal
• E) In today's media age, this practice has become universal; any bias is implied and need not be directly stated under the caveat emptor doctrine.

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Definitions:

Common Stock

Equity ownership in a corporation, offering voting rights and dividends to shareholders, subordinate to preferred stock.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or to pay off debt.

Net Income

The total profit of a company after subtracting all expenses, taxes, and costs from its total revenue.

Inventory Method

The approach or system used by a company to track and manage inventory, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).