A Manager Who Runs All Aspects of a Hotel Is

question 387

Multiple Choice

A manager who runs all aspects of a hotel is most likely what kind of agent:

• A) universal agent
• B) special agent
• C) gratuitous agent
• D) subagent
• E) none of the other choices

---

Definitions:

Price Floor

A government or regulatory-imposed price control that sets the minimum price at which a good can be sold, often to protect producers or encourage certain activities.

FICA Tax

The Federal Insurance Contributions Act (FICA) tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare programs.

Incidence

The analysis of the distributional effect of a tax or policy on different groups, focusing on who bears the cost.

Tax Imposed

A financial charge levied by a government on individuals, corporations, or goods to fund public expenditures.