Travel Agencies That Have Contracts with One or More Airlines-Those

question 23

Multiple Choice

Travel agencies that have contracts with one or more airlines-those enabling them to distribute tickets at sizable discounts are called:

• A) black market agencies.
• B) groupers.
• C) consolidators.
• D) liquidators.
• E) Wal-Mart.

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Definitions:

Income Statement

A financial statement that reports a company’s financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and shareholders' equity at a specific point in time.

Advertising Campaign

A series of advertisement messages in various media that share a single idea and theme aimed at promoting a product, service, or cause.

Journal Entries

Financial transaction records written or typed into the journal, detailing the accounts affected and in what way.