Depending on Location, Airfares May Be Higher on Monday, Lower

question 1

Multiple Choice

Depending on location, airfares may be higher on Monday, lower on Wednesday, and downright cheap on Saturday. This reflects which of the following travel patterns?

• A) incentive travel
• B) leisure travel
• C) business travel
• D) family travel

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Definitions:

Asset Misappropriation

The theft or misuse of an organization's assets by employees or others with access.

Counterfeiting

The fraudulent manufacturing or creation of imitation products, currency, or documents with the intent to deceive.

IFRS

International Financial Reporting Standards, which are global accounting guidelines for preparing financial statements.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting.