Travel Agencies Now

question 14

Multiple Choice

Travel agencies now:

• A) Create a direct link between the agency, hotels and airlines
• B) Have more sophisticated database equipment
• C) Like to advertise complicated hotel products which yield higher levels of booking
• D) Both A & B
• E) A, B & C

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Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income; it can occur when income is taxed at both the corporate level and personal level.

Unlimited Liability

A legal status where the business owner's personal assets can be used to satisfy the debts and liabilities of the business.