Insurance can help you to protect against

Correct Answer: The grace period is in which time period students are not to be worried to repay the loans in that period

Correct Answer: Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time These stakeholders include ? investors, creditors, public, debt providers, governments & government agencies Financial Reporting is very important and critical task of an organization It is vital part of Corporate Governance The objectives & purposes of financial reporting :? * Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making * Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc * Providing information to shareholders & public at large in case of listed companies about various aspects of an organization * Providing information about the economic resources of an organization, claims to those resources (liabilities & owner?s equity) and how these resources and claims have undergone change over a period of time * Providing information as to how an organization is procuring & using various resources * Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities * Providing information to the statutory auditors which in turn facilitates audit * Enhancing social welfare by looking into the interest of employees, trade union & Government

Correct Answer: Debit cards

Explanation:

There are two payment types that will help you stick to your budget.

1. Cash
2. Debit Card

The amount in the debit card is the only amount you can spend to stay within budget.

These method work because once you spend your money, you are done. You don?t have anything else to spend.

 

Credit cards, payday loans, and cash advances are all loans on future income. When you use a credit card, there is always just a little bit more you can spend. These types do not help you budget properly. In fact, these types encourage you to spend beyond your means and be out of budget.

Correct Answer: CD's

Explanation:

CDs are the least risky investment choice when compared to flipping, renting and bonds.

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment. CDs are generally issued by commercial banks.

CDs are issued by the bank and are guaranteed by the government. So even if the bank goes bankrupt the investor's money is guaranteed to a certain extent.

Flipping and renting are subjected to market fluctuations while bonds are not insured.

 

Correct Answer: Personal financial planning is the process of creating and achieving financial goals

Explanation:

Personal financial planning is the process of creating and achieving financial goals.

 

True statements regarding personal financial planning:

As we age, the number and complexity of the financial decisions that we make increases.

There are two means for achieving financial goals?you either need to increase your savings or reduce spending.

A family's resources are limited.

Correct Answer: All of the above

Explanation:

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces. 

Examples of variable cost include labor, packaging and raw materials.

Correct Answer: Hospitality actually means, taking care of guests in the best possible way Organizing, providing services and looking care after guests is included in it It means friendly and generous treatment of guests Hospitality industry includes all companies involved in providing services for guests They provide more mental satisfaction than tangible objects

Correct Answer: Continuously rendered services are those services, which are prepared and provided only to the customers who are physically present This kind of service is not finished in instant time; it is a process, which is extended to a time limit It is a kind of face-to-face interaction For example reservation service, restaurant service, massage, etc

Correct Answer: Channel of communication : It is a floe of communication within a department Skipper : This term is used for the status of a room, which indicates that a guest has left the hotel room without arranging to settle his or her account Sundry Services :These are the extra services, which are provided to the guests For eg message, handling of guests

Correct Answer: Adventure tourism : to convert the adventure into pleasure for the purpose of tourism business Attraction : Anything/object/activity, which attracts tourists and attach with it Amenities : Extra facilities, service added with attraction, accessibility and accommodation to create tourism It includes trust, friendship, hospitality, etc Back of the house : Staffs who are not directly involved in providing service Guests rarely interact with them