When Must a Hotel Walk a Guest

question 22

Multiple Choice

When must a hotel walk a guest?

• A) When the hotel is overbooked
• B) When the hotel is under-booked
• C) When forecasted demand is low
• D) When forecasted demand is high

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Definitions:

Financial Statement

Formal records of the financial activities and position of a business, individual, or other entity, typically including the income statement, balance sheet, and statement of cash flows.

Normal Balance

The side (debit or credit) where increases are recorded for a particular type of account, reflecting the account's normal balance position in the accounting equation.

Financial Statement

Papers that present a summary of a company's financial status, covering the balance sheet, income statement, and statement of cash flows.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, which is used to increase the account.