MATCHING Choose the Item in Column 2 That Best Matches

question 16

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-A destination management company (DMC)

• A)Events that bring together sellers of products and services at a location
• B)Generally larger meetings with some form of exposition or trade show included
• C)A site inspection by the meeting/exhibition organizers on meeting facilities
• D)The unconditional agreement to the precise terms and conditions of an offer
• E)A legal document that binds two or more parties
• F)A service organization that offers a host of programs and services to meet the meeting/exhibition clients' needs
• G)The legal statement that shows what the offering party is willing to do, and what he or she expects in return
• H)The clear, written meeting specifications
• I)Meetings, incentive travel, conventions, and exhibitions - a segment of the tourism industry that has grown in recent years
• J)An independent contractor or employee of corporation and association who makes hotel and meeting bookings but also plans the meeting down to the last minute

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Definitions:

Interest

Payment for the use of another person’s money.

Bonds Payable

Bonds payable refers to long-term debt instruments issued by a company to investors, promising to pay back with interest at specified maturity dates.

Operating Activities

Cash flow activities that include the cash effects of transactions that create revenues and expenses and thus enter into the determination of net income.

Issuance of Debt

The process by which a company borrows money through the sale of bonds or taking out loans, creating a liability that must be repaid in the future.