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True or False



This activity contains 5 questions.

Question 1.
Several large hotel chains base their operations in Japan because of very favorable tax advantages.


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Question 2.
Vacation ownership is essentially the same thing as a timeshare.


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Question 3.
A REIT allows a company to eliminate corporate income taxes.


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Question 4.
Under a Management Contract, a hotel management company will often be required to make an investment in the managed hotel.


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Question 5.
Franchising began in 1907 with the first Howard Johnson in New York City.


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