Monitoring Food Service Operations-1

The closing inventory is also known as ....................... and becomes opening stock for the next accounting period

• the closing spent

• the closing stock

• the closing order

• the closing budget

Damaged products and Slow moving products are included in category .......

• Expiry dates of products

• Slow moving selling

• Expired Dates of stocks

• Expiry dates of production

There are five methods in Valuing the Physical Inventory, except...

• Actual purchase price method

• quality method

• First - in, first - out method.

• Last - in, first - out method

Weighted average Purchase price method usually used when the stock rotation is ........., the Procedure requires detailed records, Computerized accounting methods are recommended

• low

• medium

• very busy

• high

In some large establishments employees are allowed to purchase food at subsidized rates. It may be raw or cooked food

• Gratis to Bars

• Steward Sales

• Promotion Expense

• All answers are correct