The Main Function of a Hotel Is To

question 33

Multiple Choice

The main function of a hotel is to:

• A)provide an outstanding lodging experience
• B)provide reasonably priced accommodations for all travelers
• C)offer guests a variety of food and beverage options
• D)provide complimentary breakfast and in-room amenities

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Definitions:

Preferred Dividends

Dividends that are paid to preferred shareholders before any dividends are paid to common shareholders.

GAAP

GAAP, or Generally Accepted Accounting Principles, are a set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across industries.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for how public companies prepare and disclose financial statements.

Restated

The revision and publication of previously issued financial statements to correct errors or to adjust for changes in accounting policies.