Pearson New International Edition International pcl tp indd 1

Generally accepted accounting principles (GAAPs)
Standards and procedures that have
been adopted by those responsible for preparing business financial statements for the
purpose of ensuring uniformity.
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Global Distribution System (GDS)
System of companies (Sabre, Galileo, Apollo,
Amadeus, and Worldspan) that connects hotels offering rooms for sale with individuals
and travel professionals worldwide who will potentially purchase them.
Globalization
Condition in which countries throughout the world and communities
within them are becoming increasingly interrelated.