The Reason Why Hotels in Cairns Operated at a Loss

question 27

Multiple Choice

The reason why hotels in Cairns operated at a loss rather than shut down when tourism declined sharply is:

• A)the government offered to subsidise the firms until they were profitable again
• B)the hotels had sunk costs that could not be recovered if they had closed
• C)the banks that financed the hotels wrote off the debt rather than insist it got paid back
• D)tourists donated money to the hotels to keep them in operation

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Definitions:

Homicides

The deliberate and unlawful killing of one person by another; a serious crime that is tracked and analyzed in legal and sociological contexts.

Suicides

The act of intentionally causing one's own death.

Adolescents

Individuals in the transition phase from childhood to adulthood, typically between the ages of 13 and 19, experiencing rapid physical, emotional, and social changes.

Puberty

The developmental stage in humans marked by physical changes signaling the onset of sexual maturity and the ability to reproduce.