Each of the Following Is a Characteristic of the Hospitality

question 14

Multiple Choice

Each of the following is a characteristic of the Hospitality Industry EXCEPT:

• A) the service product and the guest are separate
• B) no such thing as business hours
• C) product is intangible and perishable
• D) characterized by shift work

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Definitions:

Common Stockholders' Equity

The portion of a company's equity that is attributable to common stock owners, reflecting their residual interest in the company's assets after liabilities are deducted.

Net Income

The amount of profit a company holds onto after all expenditures and taxes have been taken out of its revenue.

Retained Earnings

The portion of a company's profit that is held back and not distributed to shareholders as dividends.

Net Sales

This is the revenue from all sales of goods and services less returns, allowances for damaged or missing goods, and discounts.