Fare Changes in Airlines Would Increase the Number of Tourists

question 13

Multiple Choice

Fare changes in airlines would increase the number of tourists to destinations and hotels. This refers to which of the following characteristics of the tourism businesses?

• A) inseparable
• B) interrelated
• C) intangible
• D) inconsistent
• E) invisible

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Definitions:

Adjusting Entries

At the close of a fiscal period, entries recorded to assign revenue and costs to the actual period of occurrence.

Advance Rent

Prepaid rent, which is an amount paid prior to the period to which it relates, often accounted for as a current asset until the period to which the rent applies.

Utility Bill

A bill sent by a utility company (electricity, gas, water, etc.) charging the customer for their usage of the service.

Insurance Salesman

A professional who specializes in selling insurance policies to individuals and businesses, advising on coverage options and terms.