When Used in Relation to Hotels,the Term "Safety" Refers to Protection

question 22

Multiple Choice

When used in relation to hotels,the term "safety" refers to protection of

• A) a hotel's ability to generate revenue.
• B) a hotel's ability to generate operating profits.
• C) an individual or business's property or assets.
• D) an individual's physical well-being and health.

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Definitions:

Net Income

The net earnings of a company once all costs and taxes are subtracted from the total income.

Indirect Method

An approach used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.

Net Cash Flow

The amount of cash generated or lost over a specific time period, accounting for cash inflows and outflows from operating, investing, and financing activities.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to votes at shareholder meetings and to dividends when declared.