The term when hotels turn guests away because their rooms are overbooked is called “walking” or “walked”.
Overbooking is <u>a situation where a business sells a good or service when the supply for this transaction is actually not available</u>.
Overbooking can happen when current guests increase their stay without further notice or when a room is not proper for a guest to stay in. It can also happen when hotels purposefully gave a room during busy seasons to more than one guest – thinking that perhaps one of them might cancel.
The question is incomplete. Here is the complete question:
Jack Holmes is a middle-aged, lower-level employee at an automobile service center. Though he is not paid very well, he loves his job. His supervisor speaks to him with respect and he is the favored candidate for mentoring new employees because on the vast experience he holds in the job. Based on this information, which of the following is most likely to be the reason Jack likes his job?
A) recognition
B) prospects of growth
C) salary
D) flextime
E) job sharing
Answer:
A) Recognition
Explanation:
The fact that Jack Holmes is not overlooked, but rather recognized and respected for the vast experience he has on the job, even though he is a lower level employee, is most likely to be the reason why he likes his job.
Despite the low salary, <em>being chosen to mentor new employees</em> gives him job satisfaction.
Answer: b. hedge the bond positions
Explanation;
If the bond trader believes that he has too much inventory in 25-year ABC corporation bonds, it means he is worried that this holding can lead to potential loss.
The dealer would therefore like to act against this by hedging the bond positions which means to use derivative instruments such as interest rate swaps to ensure that the risk resulting from holding that many bonds is minimized.
Answer:
a) The West did not benefit from the industries that sprang up from the Cold War.
Explanation:
To win the Cold War, the United States became a low-savings, high-consumption economy. It basically supported its allies in a recovery, development and growth process that out-consumed the USSR and China. The United States exhausted the USSR and forced China to change its policies on domestic investment.