The Benefit of a Firm Establishing "Hoteling" Is That It

question 147

True/False

The benefit of a firm establishing "hoteling" is that it can reduce operating costs because it eliminates the need for office space,for employees that telecommute.
Hoteling is the term used to describe firms that ask employees who telecommute to call and reserve office space when they plan to be at the office.The firm can cut down on permanent office space for these employees.

---

Definitions:

Central Banks

Major financial institutions that manage a country's currency supply, interest rates, and serve as a lender of last resort to the banking sector.

Exchange Rates

The price at which one currency can be exchanged for another currency.

Fluctuate

To change or cause to change in level, strength, or value frequently, without steadiness or consistency.

Foreign Exchange

The swapping of one type of currency for a different one or changing one type of currency into another.