Overbooking Is When Hotels and Airlines Know Some Customers Will

question 61

True/False

Overbooking is when hotels and airlines know some customers will not turn up (no-shows) and they resell these reservations to compensate for the absences.

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Definitions:

Operating Activities

Day-to-day actions that are involved in running a business, such as sales, purchasing, and paying expenses, that affect the company's cash flow.

Financing Activities

Transactions involving raising capital and repaying investors, including issuing equity, borrowing funds, and repaying debt, as part of the company's cash flow activities.

Dividends Paid

The portion of a company's earnings distributed to shareholders.

Comparative Balance Sheet

A financial statement that presents the balances of assets, liabilities, and equity at two or more points in time, allowing for comparison and analysis.