Chapter 1 Questions 1. How important is international trade to the world economy? a. International sales and trade can be a source of higher profit margins through additional sales. Unique products or technological advantages can provide competitive advantage that a company wishes to exploit by expanding sales in a foreign market 2. What accounting issues arise for a company as a result of engaging in international trade? b. New accounts added to the chart of accounts‚ foreign
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E-COMMERCE AND TAXATION Thousands of businesses are selling goods and services through electronic commerce‚ including the Web and private electronic networks. Selling through electronic commerce is a rapidly growing channel for sales to both retail consumers and businesses. Since about one-quarter of all state and local revenue comes from sales‚ use‚ and gross receipts taxes‚ the state and local governments are eager to avoid losing any tax revenue to electronic commerce. Traditional
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HOSPITALITY SUMMARY TOPIC 1: Historical development in hospitality A lot of people may wonder how and when did hospitality start. Did it start off by a man dreaming of opening a lodging place‚ which called a ‘hotel’? Or did it start with a sweetheart grandma offering cookies and milk to lost kids on Christmas? Let me take you more in depth. When people usually think of Hospitality Industry‚ they immediately think of hotels and restaurants. Nevertheless‚ the true meaning of hospitality is way
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Explain how people from different backgrounds may use and/or interpret communication methods in different ways It is important to understand how people from different backgrounds may use or interpret communication methods. I ensure I familiarise myself with the different cultures of those who I care for so I can understand how to communicate effectively with them.. What is acceptable in one culture may be an offence in another. Take for example‚ it is not acceptable for a woman to speak when men
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SITTSL002A Assignment 1: Access and Interpret Product Information Question 1- Scenario Mr and Mrs Smythe and their close friend Ms White‚ wish to book on the Australian Pacific Tour of Perth and Monkey Mia‚ 6-Day Air/Coach/Air tour departing 31 July. * The Smythes would like a twin room and Ms White requires a single room. * Mr and Mrs Smythe will be travelling from the Gold Coast and Mrs White from Hobart. * Mr Smythe holds a Seniors Card. 1a) Plot on the map
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Ideas on Cultural Hospitality in the Quran The virtues within the Qur’an regarding hospitality and generosity seem to be a product of the landscape of pre- Islamic Arabia. Indeed‚ the arid environment and tribal configuration of the society required that neighbors help each other‚ strangers or travelers be given food‚ and wealth be distributed evenly throughout the clan. The communities that settled along the trade routes of the Arabian Peninsula relied on merchants returning to their community
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What is hospitality? * «The friendly and generous reception and entertainment of guests‚ visitors‚ or strangers * Relating to or denoting the business of entertaining clients‚ conference delegates‚ or other official visitors * “The relationship between the guest and the host‚ or the act or practice of being hospitable. This includes the reception and entertainment of guests‚ visitors‚ or strangers.” Grecan Hospitality “Hospitality was a way of honoring the gods‚ which was so essential
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have committed all sought of crimes. Also the justice department labeled these folks as criminal. In the United States of American‚ the justice system spends a tremendous amount of money into the prison system by providing housing‚ food‚ healthcare and the basic necessities in order for the prisoners to survive. The Prison system is divided into different levels depending on the crime committed determines the prison level in which a person is convicted to. These levels are the minimum‚ medium‚ close
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CHAPTER OVERVIEW Hospitality is one of the world’s most exciting and rewarding industries. If you choose it for your career‚ you will select from a wide variety of employers‚ locations‚ and daily job activities that can lead to your success and personal satisfaction. In this chapter‚ you will review some important ways in which the hospitality industry is unique. You will also learn the definition of accounting and how accounting helps managers like you use financial information to make good
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Source: Hospitality - Your Keys to Success. Lanny Hass‚ Rob Hawk. NC Cooperative Extension. Hospitality: The Guest Pays the Bills The landowner who offers his property for use by those who pay a fee is in the “hospitality” business. It is important that the customer receive the attention and service that will keep him or her coming back as well as telling others about the business. Customer service problems can be generally prevented or solved by attention to 4 areas: 1. 2. 3. 4. Providing
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