For Most Cruise Lines, the Largest Source of Income Comes

question 23

Multiple Choice

For most cruise lines, the largest source of income comes from:

• A)beverage service
• B)casino
• C)fares
• D)food service

Understand the differing objectives of financial and managerial accounting.

Recognize the hierarchy and authority of various accounting standards and pronouncements.

Identify the primary markets where exchanges of stocks and bonds occur.

Appreciate the role and benefits of the FASB Accounting Standards Codification.

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Definitions:

SUVs

Sport Utility Vehicles characterized by their capacity to accommodate more passengers, their off-road capabilities, and higher driving position.

FICA Tax

A United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, the disabled, and children of deceased workers.

Employers

Individuals or entities that hire and pay others for their labor or services in a variety of employment contexts.

Wage Earners

Individuals who receive compensation for their labor or services in the form of wages or salary.