Which of the Following Is NOT One of the Benefits

question 43

Multiple Choice

Which of the following is NOT one of the benefits of having a reservations system?

• A)Helps service personnel to serve more effectively.
• B)Helps in pre-selling the service.
• C)Helps customers to avoid queuing.
• D)Helps firms to keep some time aside for emergency jobs.
• E)Allows demand to be controlled.

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Definitions:

Prior Period Adjustments

Corrections of errors in financial statements of previous periods or adjustments due to changes in accounting policies, applied retrospectively.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net profit or loss.

Income Tax Expense

The cost incurred by businesses or individuals due to tax obligations on earned income.

Corporations Proprietorships

Business entities where corporations are legally independent from their owners and proprietorships are owned and run by one individual, with no legal distinction between the owner and the business.