Database Management Is an Important Skill for Hospitality and Tourism

question 59

True/False

Database management is an important skill for Hospitality and Tourism Management since most hospitality applications are based on databases.

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Definitions:

Direct Labor

The wages and salaries of employees who are directly involved in the production of goods or rendering of services.

Cash Collections

The process of gathering money that has been received from customers as payment for goods or services.

Cash Balance

The amount of cash or cash equivalents held by a company at a particular point in time.

Selling and Administrative Expense

Costs related to the selling of products and the administration of a business, not including production costs.