Whether or Not a Person Qualifies as a Guest Impacts

question 6

Multiple Choice

Whether or not a person qualifies as a guest impacts a hotel's liability for all of the following except one. Which one is not affected by the presence or absence of such a relationship?

• A) Liability of negligence
• B) Liability of breach of contract
• C) Liability of insulting conduct
• D) Liability of stolen property

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Definitions:

Internal Control Problems

Issues or weaknesses in a company's processes that threaten its ability to ensure accurate financial reporting, compliance with laws, and effective and efficient operations.

Internal Control Principle

A fundamental concept in accounting and auditing that refers to the processes, procedures, and measures a company puts in place to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

Bank Reconciliation

Bank Reconciliation is the process of matching and comparing an organization’s financial records against the bank statements to ensure accuracy and consistency in the accounts.

NSF Check

A cheque that has been returned by a bank because the account it was drawn on did not have sufficient funds.