In the European Airline Industry,EasyJet,Baltic Air,WizzAir,and Ryanair

question 48

Multiple Choice

In the European airline industry,EasyJet,Baltic Air,WizzAir,and Ryanair:

• A)Have different route networks,therefore belong to different strategic groups
• B)Have similar strategies,hence belong to the same strategic group
• C)Belong to the same strategic group and can therefore be expected to have similar financial performance
• D)Have little in common

Describe the characteristics and advantages of a voucher system.

Understand the principles and benefits of electronic funds transfers (EFT).

Apply journal entry preparation skills for cash transactions, including cash collections and petty cash fund management.

Identify and explain the components of a bank reconciliation and its importance.

---

Definitions:

Deviance

Behaviors or actions that violate social norms or values, which can result in social disapproval or sanction.

Social Norms

Informal understandings that govern the behavior of members of a society, guiding their actions and interactions.

Deviant

An individual or behavior that deviates from the accepted norms of society.

Norm

A norm is a standard or rule that guides behavior within a group, often reflecting the group's expectations for how its members should act under given circumstances.