Q6: From the following, select the accurate equations that relate to revenue, expenses, and profits.

*Multiple answers may apply

	A.	Profit = Revenue - Expenses
	B.	Revenues = Profit + Expenses
	C.	Expenses = Profit + Revenues
	D.	Profit = Revenues + Expenses
	E.	Expenses = Revenue - Profit

Q7:

The Sarbanes-Oxley Act (SOX) is an independent verification of financial records.

True False

Q8:

From the following, select examples of taxes that hospitality managers may be responsible for.

*Multiple answers may apply

	A.	Sales Taxes
	B.	Occupancy Taxes
	C.	Payroll Taxes
	D.	General Excise Taxes (GET)
	E.	Transient Accommodations Taxes (TAT)