WorksheetsFoundations of Restaurant management Chapter 8
Total questions: 20
Worksheet time: 12mins
What is the meaning of Revenue?
The income from sales before expenses or costs, are substracted
A business's efforts to manage how much it spends
The number of customers and operation serves
An old 80s band
What is Operating budget?
A financial plan for a specific period of time
The cost of ingredients
Information related to a restaurants past performace
The number of customers an operation serves
What is historical data?
Information related to the restaurant's past performance.
The number of customers an operation served
a list of items often separate from the invoice
Data referring to future budgets
What is Forecast?
A tool that managers use to look at current business trends and how to predict how these changes will impact the future
what restaurant managers use to decide if they need an umbrella
an app
the number of customers an operation serves
True or False:
An invoice is a form of bill?
True
False
What does POS stand for?
it's a really old car that doesn't run
Point of Sale
Positive Operation System
Professional Operation System
True or False:
Insurance cost is an example of noncontrollable cost
True
False
True or False:
An operation budgets is a financial plan for a specific period of time
True
False
True or False:
Benefits costs are included in labor cost
True
False
True or False:
If your revenue is less than your operating cost you are making money?
False
True
Food and labor can be designated as what cost
Overhead
Secondary
Fixed
Controllabe
Non-controllable costs include
Provide historical data
help to calculate production lists
review, resumes for new hire
insurance costs
Labor Cost are the costs of all:
staff wages and benefits
expenses for food
Noncontrollable expenses
Revenue
If a company makes 100,000 dollars a year and they have the following expenses:
Food cost; 28,000
Labor cost 42,000
overhead costs 21,000
What is their profit or loss
True or False:
Beverages are considered overhead expenses
False
True
Utilities are examples what type of costs
overhead expenses
controllable cost
Fixed expenses
beverage costs
Historical Data refers to the restaurants:
past performance
future performance
Current performance
customer data
Ground beef is an example of what type of cost?
controllable
uncontrollabe
Past performance
overhead cost
A Profit and Loss Report (P&L) is
a compilation of sales and costs information for a specific time
Shows only labor cost
Shows only food cost
Is a forecast for future expenses
True or False:
A sales history is a record of the number of portions of every item sold on a menu.
True
False
