The Benchmark Hospitality Organizations Believe That

question 11

Multiple Choice

The benchmark hospitality organizations believe that

• A) Guests should be encouraged to enhance organizational value.
• B) All employees have value even if their job tasks don't add value.
• C) All jobs and people have value.
• D) Society has an ongoing value for the organization.

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Definitions:

Equity

The value of an owner's interest in a property or business, after subtracting liabilities.

Financial Asset

An asset that derives value from a contractual claim, such as cash, ownership interest in an enterprise, a bond, stock, or right to receive cash from a contract.

Accounts Receivable

Money owed by customers to a company for goods or services that have been delivered or used but not yet paid for.