HRTM 280 – Foundations of Tourism Exam #1 - Study Guide Fall 2013 1. What is the expected growth of tourism in the future? (# of jobs and GDP) a. Expected in 2020 to e 9.6% of GDP (or $11.2 trillion) b. Expected in 2020 to be 9.2% of total employment (or 296.3 million people) 2. In the book the USTA forecasted the size of tourism and amount spent in the United State‚ what are those numbers? a. 3. In the book‚ the WTTC forecasted the growth of tourism‚ revenue created‚ and job growth
Premium Tourism Economics Recreation
Final Exam University of Phoenix ECO/365 Question One What is the most important determinant of price elasticity of demand? Why is this so? Price elasticity that relates to demand is determined by many factors. Price elasticity is measured by the change in price and the response from consumer demand. The demand of a good or service will vary the price in the item. The most important factor to determine the price elasticity of demand is necessity. If a good is a necessity‚ the
Premium Supply and demand Economics Consumer theory
Q1. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain. LO1 A1. Opportunity cost is the value of the next best thing forgone‚ this is always present whenever a choice is made. Economics is the social science that examines
Premium Economics
| | Multiple Choice Question 49 | | | | Your answer is correct. | | | Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? | Reduced legal liability for investors. | | Harder to transfer ownership. | | Lower taxes. | | Most common form of organization. | | | | | Multiple Choice Question 64 | | | | Your answer is correct. | | | The group of users of accounting information charged with
Premium Variable cost Costs Management accounting
ECO/372– Principles of Macroeconomics – Final Exam Study Guide 2012 1. the market where business sell goods and services to households and the government is called a. goods market XXX b. factor market c. capital market d. money market 2. Real gross domestic product is best defined as a. the market value of intermediate goods and services produced in an economy including exports b. all goods and services produced in an economy‚ stated in prices in a given year and multiplied by quantity
Premium Monetary policy
1. A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services. (Points : 2) True 2. Jay tells Kim that he will buy her textbook from the last semester for $80. Kim agrees. Jay and Kim have (Points : 2) an express contract. 3. Barb allows Candy to enter Barb ’s warehouse and take a DVD player. Charged with theft‚ Candy can successfully claim‚ as a defense‚ (Points : 2) consent. 4. The U.S. Congress enacts a new federal statute that
Premium Contract Contract law
1. Which of the following is not a subject in an access control scenario? b. Information 2. Which of the following are the elements of a well-defined access control system? d. Policy‚ procedure‚ and tool 3. Which of the following statements best define the purpose of access control? a. Regulating interaction between a subject and an object 4. Which of the following components can be used to measure the confidence in any authentication system? d. Type of correlation and the number of authentication
Premium Access control Authentication Authorization
b. Information d. Policy‚ procedure‚ and tool a. Regulating interaction between a subject and an object d. Type of correlation and the number of authentication factors b. 100 percent access control threats cannot be eliminated. b. Security of each network component (NOT SURE) c. Social engineering d. Patch management software a. unnecessary to place access controls on each asset a. access control systems with a significant degree of overlap between several defensive areas c. users with specific job
Premium Authentication Access control Authorization
2009 Economics Subject Test Part I. Multiple Choice (30 questions‚ 60 points in total) Choose only ONE best answer. 1 E 2 D 3 E 4 B 5 B 6 B 7 D 8 C 9 C 10 A 11 D 12 A 13 C 14 D 15 D 16 D 17 C 18 B 19 A 20 C 21 D 22 B 23 A 24 D 25 C 26 A 27 B 28 D 29 D 30 C 1. An increase in the quantity demanded could be caused by: a. an increase in the price of substitute goods b. a decrease in the price of complementary goods c. an increase
Premium Supply and demand Economics
1. Which of the following is considered a hybrid organizational form? Limited liability 2. Which of the following is a principal within the agency relationship? a shareholder 3. Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period? The statement of cash flows. 4. Teakap‚ Inc.‚ has current assets of $ 1‚456‚312 and total assets of $4‚812‚369 for the year ending September 30‚ 2006
Premium Financial ratios Balance sheet Dividend yield