SSDP 2021 - Week 7 Quiz (F&B)

What is the name of our guest subject matter expert for this week?

• Antoine Hussain

• Antoine Mansour

• Antoine Iqbal

• Antoine Awad

• Antoine Matar

What does the acronym "P & L" stand for?

• Properties & Loyalties

• Purchasers & Lenders

• Profit & Liability

• Profit & Loss

• Payables & Loans

"Franchise Agreement" is the agreement made between Azadea and the larger company, who gives ______ the right to operate as a satellite of ______ in a certain territory for a given period of time.

• The smaller company / Azadea

• Azadea / The larger company

• Azadea / The smaller company

• The larger company / Azadea

• Azadea (UAE Group) / Azadea (Regional Team)

"Top Line" represents a company's ______ or gross______.

• Revenues / Sales

• Expenses / Profit

• Loss / Profit

• Loans / Income

• Growth / Sales

"Gross Margin" is calculated by:

• Subtracting Gross Profit from Total Revenue and dividing that number by Total Revenue

• Subtracting Total Costs from Total Revenue and dividing that number by Total Revenue

• Subtracting Total Profit from Total Revenue and dividing that number by Total Revenue

• Subtracting Total Expenses from Total Revenue and dividing that number by Total Revenue

• Subtracting COGS from Total Revenue and dividing that number by Total Revenue

"Cost of Goods Sold (COGS)" refers to the ______ costs of ______ the goods sold by a company.

• Prepaid / Selling

• Accrued / Manufacturing

• Direct / Producing

• Indirect / Purchasing

• Fixed / Selling

Which of the following is NOT an operating expense?

• Advertising and marketing

• Insurance

• Legal fees

• Rent

• None of the above

"Operating Expenses" represents the ______ ______ incurred from the normal day-to-day running of a business.

• Accounts Payable

• Ongoing Expenses

• Fixed Costs

• Variable Costs

• Accounts Receivable

The acronym "EC" stands for ______.

COGS is a result of ______.