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A Restaurant Has Two Menus, One Printed in English, and the Other

question 76

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A restaurant has two menus, one printed in English, and the other printed in the local language.The prices on the English menu are double those on the other menu.The restaurant owners believe that if a customer cannot read the local language, he must be a tourist and will pay more.This is an example of:


Definitions:

Capital Account

An account on the balance sheet representing the owners' or shareholders' equity, including funds contributed by investors and retained earnings.

Capital Account Balance

The net result of public and private international investments flowing in and out of a country, representing changes in national ownership of assets.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from the total revenue.

Withdrawals

Funds or resources withdrawn from a business by its owners for individual purposes.

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