Which of the following is an incorrect statement regarding a syndicate?
A) A syndicate is an investment group.
B) A syndicate comes together for the purpose of financing a large commercial project.
C) The advantage of a syndicate is that members are not liable to third parties for project failure.
D) The advantage of a syndicate is that it can raise large amounts of capital quickly.
C
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A hotels property operation and maintenance account includes:
a. maintenance department labor and fringe benefit costs, facility fuel costs, and contract maintenance costs b. maintenance department labor and fringe benefit costs, maintenance supplies and expendables and contact maintenance cost c. steam generation costs, maintenance supplies and expendables, and maintenance department labor and fringe benefit costs d. maintenance supplies and expendables, maintenance department labor and fringe benefit costs, and electricity
Which of the following statements is true of a good merchandise inventory control system?
A) It eliminates the need for authorization of merchandise purchases. B) It ensures that a physical count of inventory is not required. C) It often prevents the company from a stockout. D) It eliminates the need to examine inventory purchases for damage.