Mrblaqe

Accounting - answer-The process of collecting, recording and reporting financial information to assist business owners in decision making Factors influencing success of a business - answer-- Climate/weather - Location - Consumer preferences - Competition - Quality of staff Why business owners use accountants - answer-- Calculation of profit & how to increase profit - Organisation - Advice Users of accounting information - answer-Owner - return on investment Suppliers/creditors - ...

What is a business? - answer-establishment where money is traded for a good or service Good - answer-tangible / physical item that can be stored Service - answer-an intangible item that cannot be stored Sole Trader - answer-- owned and operated by one person - owner has total responsibility - owner has sole right to all profits Sole Trader Advantages - answer-- simple and inexpensive to start up - owner keeps all profit - owner makes important decisions on their own Sole Trade...

Research - answer-In general involves the investigation and analysis of an issue in question. The researcher usually applies reasonable and reflective thinking to develop an answer to the issue or problem at hand. Research requires a clear definition of the problem, using a professional database to search the authoritative literature, reviewing and evaluating the data collected, drawing conclusions and communicating your results. Explain what accounting, auditing, and tax research are. - answ...

Assets - answer-Things company owns & uses to generate revenue Liabilities - answer-Amount that company owes Equity - answer-Amount invested in company by owners; owners claim no assets Accounting equation - answer-Assets = liabilities + equity Truism in business - answer-Company never receives greater than it gives & never gives greater than it receives 4 Rules of debits & credits - answer-1. Debit amount received; credit amount given up 2. Debuts on left; credits on the right ...

OTA stands for: - answer-Online Travel Agency Inventory/Revenue Management is - answer-A method or way of managing and manipulating room inventory, selling at the right place at the right time. What is the objective of Reservations? - answer-Achieve 100% occupancy for each and every night Create reservations to be 100% accuracy BAR stands for: - answer-Best Available Rate CRS stands for: - answer-Central Reservation System Opera is used by: - answer-Front Desk Accounting Sales...

Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answer-a) Not tax deductible b) Partially tax deductible c) Totally tax deductible d) Taxable c) Totally tax deductible - answer-c) What is the purpose of a conditional receipt - answer-a) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue b) It is intended to provide coverage on a date earlier than the date of the issuance of the p...

Credit Accident and Health plans are designed to - answer-help pay off existing loans during periods of disability Mark continues working after the age of 65 and is covered through his employer's group health plan. Which of the following statements is TRUE? - answer-Medicare is the secondary payer The election of COBRA for continuation of health coverage will - answer-maintain the same coverage and increase premium Minimum participation standards exist for group health insurance plan...

Bean pole family - answer-A family with a long, thin structure. For example, there might be 4 generations alive, but each generation hasn't had many children. This is a 21st century example of an extended family, but its members are more likely to live apart than in the past. Birth Rate - answer-The number of babies born per thousand per year. Civil Partnership - answer-The legally or formally recognised union of a man and a woman (or in some countries two people of the same sex) in a c...

culture - answer-Beliefs, customs, and traditions of a specific group of people. norms - answer-rules and expectations by which a society guides the behaviour of its members values - answer-the ideas, beliefs, and attitudes about what is expected from an individual role - answer-a set of expectations (norms) about a social position, defining how those in the position ought to behave Socialisation process - answer-lifelong process by which an individual learns the norms, values, belie...

Definitions of abnormality - answer-- Statistical infrequency - Deviation from social norms - Failure to function adequately - Deviation from ideal mental health Rosenhan - answer-Proposed three signs to show someone not functioning adequately; - Not conforming standard interpersonal rules - Person experiences severe personal distress - A person's behaviour becomes irrational and dangerous to themselves or others. Phobias - answer-An anxiety disorder marked by a persistent, irrati...