CH 2 - CH 2 Which of the following best describes an...

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CH 2 Which of the following best describes an entrepreneur? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): someone who risks resources such as time and money to start/operate a business When considering the tourism multiplier effect, new jobs created in hospitality businesses and the associated salaries and taxes paid as well as profits earned by vendors/suppliers to hospitality businesses are all examples of Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): indirect benefits of tourism spending The people who, under the direction of the business owner or his or her agent perform tasks and/or provide services in exchange for agreed-upon compensation from the owner are called Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): employees Someone who risks resources such as time and money to start and operate a business is a(n) Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): entrepreneur Businesses which support the activities of persons traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes are known as Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): tourism businesses Goods-producing businesses also tend to be Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): capital-intensive businesses Why do trade or professional associations exist? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): all of the above The individuals who buy the goods and/or services of a business are know as its Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): customers Which of the following best describes the tourism multiplier effect? It’s a measure of. ..
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This note was uploaded on 05/04/2010 for the course HB 100 taught by Professor Donhue during the Spring '08 term at Michigan State University.

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CH 2 - CH 2 Which of the following best describes an...

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