Understanding the Definitions of Different Types of Tourism Such as in the Questions

question 5

Multiple Choice

Understanding the definitions of different types of tourism such as in the questions above ) is important because of the following reasons, except:

• A) it provides statistics of illegal immigrants.
• B) it helps a country determine the tourism trade balance.
• C) it helps proper tourism planning.
• D) it provides vital input to calculating economic impact of tourism.

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Definitions:

Pension Expense

The cost recognized in an accounting period related to the provision of pension benefits to employees.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Expected Rate Of Return

The anticipated amount of profit or loss an investment will generate over a specific period, expressed as a percentage.

Interest Cost Component

Part of pension expense calculation that represents the increase in the pension obligation due to the passage of time.