A Hotel's Front Office Should Always Be Located

question 5

Multiple Choice

A hotel's front office should always be located:

• A)adjacent to the front desk.
• B)near the sales office.
• C)on the ground floor.
• D)on the penthouse floor.

---

Definitions:

Comparative Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at two different points in time to analyze financial health and trends.

Net Income

The company's final financial gain once every expense, tax, and cost is subtracted from the gross income.

Operating Activities

Financial transactions and events related to the core business operations of a company.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.