babi reviewer Fundamental Features of Tourism and Hospitality In

What is “The language of business”

• Business jargon
• Corporate slang
• Accounting

• Marketing language

This is the process of consolidating financial information to make it clear and understandable for all stakeholders and shareholders.

• Accounting

• Investment

• Tax preparation
• Budget analysis

This is one of the Fundamental Features of Tourism and Hospitality Industry

• Sustainability practices
• Sales Variability

• Cultural diversity
• Price competitiveness

What type of cost must an organization track and ensure sales cover before making a profit?

• High Fixed Cost

• Sunk costs
• Opportunity costs
• Variable costs

What factor, influenced by decisions like pricing and marketing activities, does an accounting information system help monitor to guide major decisions?

• Customer satisfaction

• Sales Variability

• Operational efficiency

• Market share analysis

These are activities that require the physical presence of people

• Virtual activities

• Online activities

• Labour intensive activities

• Telephonic activities

These activities carried out by people rather than automated machinery.

• Automated activities

• Machine labor activities

• Robotic assistance activities

• Labour intensive activities

This is one of the 4 Fundamental Features of Tourism and Hospitality Industry

• Sales Sustainability

• Sales Variability

• Sales Accessibility

• Sales Affordability

This is one of the 4 Fundamental Features of Tourism and Hospitality Industry

• Product Perishability

• Product Affordability

• Product Accessibility

• Product Sustainability

This is one of the 4 Fundamental Features of Tourism and Hospitality Industry

• High Fixed Cost

• Low Fixed Cost

• Fundamental Fixed Cost

• Sustainability Fixed Cost