A Person That Contracts Out Their Services to (Or Work

question 6

Multiple Choice

A person that contracts out their services to (or work for) associations and corporations and plan meetings down to the last detail is a(n)

• A) meeting planner
• B) catering manager
• C) DMC
• D) service contractor

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Definitions:

Consolidated Income Statement

A Consolidated Income Statement is a financial report that combines the income, expenses, and profits of a parent company and its subsidiaries, showing the overall performance as a single entity.

Acquisition Method

The Acquisition Method is an accounting technique used in consolidating the financial statements of a group where one entity controls others.

Noncontrolling Interest

The share of ownership in a subsidiary that cannot be directly or indirectly linked to the parent company.

Fair Value

The revenue expected from an asset sale or the cost to offload a liability in a transaction with market players on the date it is appraised.