From the Standpoint of General Recognition of Tourism's Importance in an Area

question 11

Multiple Choice

From the standpoint of general recognition of tourism's importance in an area, which measure of demand is the most meaningful?

• A) amount of money spent in the area
• B) occupancy of the area's hotels and motels
• C) load factor of aircraft serving area
• D) meals sold in the restaurants
• E) number of persons employed in tourism

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Definitions:

Past Consideration

Anything given or promised to be given in the past, which cannot be considered valuable in the context of forming a current contract.

Law of Consideration

A principle in contract law that requires an exchange of something of value between the contracting parties.

Specific

Clearly defined or identified; particular and distinct.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise.