Marriott Builds a Hotel for $34 Million and Sells It

question 16

Multiple Choice

Marriott builds a hotel for $34 million and sells it to a banking firm for $52 million. Marriott charges the banking firm 2 -4 % of gross revenues to operate the hotel. This business transaction is known as

• A) Investment Partnership
• B) management contract
• C) REIT
• D) franchising

Explain the importance and function of internal controls, audits, and legal requirements in maintaining ethical standards within an organization.

Understand the concept of whistle-blowing and the conditions under which it is effective.

Describe the different types of organizational cultures and their impact on both employee behavior and organizational effectiveness.

Discuss the significance of ethical leadership and values-based approaches to developing an ethical organizational culture.

---

Definitions:

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

Society's Wants

The collective desires and needs of a community or society that drive demand and economic activity.

Exchange and Trade

The act of giving one thing and receiving another between two parties, typically involving goods, services, or both.