
Hospitality basic financials
Quiz
•
Hospitality and Catering
•
Professional Development
•
Practice Problem
•
Medium
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Used 1+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a revenue?
Average check
Mortgage on building
Capital
Beverage sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities and expenses mean the same thing
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prime cost is
F&B COGS + labor cost
Wages and staff benefits
Controllable and non controllable expenses
F&B COGS + break even point
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
CAPEX include
Food inventories
Equipment purchase
Guest supplies
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GOP is
Profit after all expenses have been deducted
Sales - cost of sales
Profit after tax
Sales - prime cost
6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the difference between profit and cash flow? Which department manages cash flow?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the greatest fixed cost in a hotel?
Food & beverage
Utility bills
Property taxes
Mortgage or rent
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