Quiz Flashcards
A manager has 1.5 cases of canned green beans in storage. Each case costs $18.50. What is the total inventory value of this manager’s canned green beans?
$12.33
$18.50
$27.75
$42.33
$27.75
In most cases, convenience foods have a lower food cost per serving than products that are made on-site.
True
False
False
The issuing of a stored item should take place only after the item has first been
sold.
requisitioned.
pre-portioned.
made recipe-ready.
requisitioned.
A standardized recipe yields 55 servings and costs $68.75 to produce. What is the portion cost of this recipe?
$0.80
$1.05
$1.25
$1.45
$1.25
A manager forecasts that 80 servings of Sea Bass will be sold today. The manager carried over 15 usable servings of sea bass from yesterday and wishes to maintain a margin of error of 5 servings. What should be the number of Sea Bass portions produced today?
50
60
70
80
70
When portioning a product using a # 12 scoop, how many portions can be served from 1 gallon of the product?
12
24
36
48
48
What is the formula managers use to determine the amounts of products they should order?
Par Value (-) On Hand (+) Special Order = Order Amount
Par Value (+) On Hand (+) Special Order = Order Amount
Par Value (-) On Hand (-) Special Order = Order Amount
Par Value (+) On Hand (-) Special Order = Order Amount
Par Value (-) On Hand (+) Special Order = Order Amount
What is the purpose of a jigger?
Reduction of labor costs
Measurement of alcohol
Simplification of product issuing
Maintenance of product temperatures
Measurement of alcohol
Requisitions are used to officially request the issuing of needed products from storage.
True
False
True
For which products would managers most likely utilize the “empty-for-full” replacement system?
Spirits
Keg beer
Boxed wines
Bottled wines
Spirits
The three ways to write a percent are: common, fraction, and decimal.
True
False
True
Ideal expense in a foodservice operation is management’s view of the proper amount of expense needed to produce a specific amount of sales.
True
False
True
What is the name for a forecast or estimate of future operating revenue, expense and profit?
P&L
Budget
Income statement
Expense category
Budget
What is the effect on an operation if its manager increases the number of guests served or increases the amount each guest buys?
Revenue will decrease and expenses will decrease
Revenue will decrease and expenses will increase
Revenue will increase and expenses will decrease
Revenue will increase and expenses will increase
Revenue will increase and expenses will increase
What are a foodservice operation’s revenues?
The sales dollars it achieves
The amount of profit it achieves
The cost of the items required to operate the business
The dollars that remain after all expenses have been paid
The sales dollars it achieves
A foodservice operation’s revenue will vary with both the number of guests visiting the business and the amount of money spent by each guest.
True
False
True
What is the purpose of the Uniform System of Accounts for Restaurants (USAR)?
To reduce expenses
To improve revenue
To increase operational profits
To report financial results clearly
To report financial results clearly
Which cost would NOT be included in an operation’s food costs?
Linen
Coffee
Produce
Paper wrappers for to-go foods
Questions 6, 7, 8, 9 and 10 utilize the following information:
Linen
When calculating a fraction form percentage, the “whole” is the numerator and the “part” is the denominator.
True
False……….
False
A simplified income statement for The Tampopo Noodle House is shown below:
Revenues
$800,000 100%
Food & Beverage Cost
$300,000
Labor Cost
350,000
Other Expenses
50,000 Total Expense Profit What was the food and beverage cost percentage achieved by The Tampopo Noodle House? 22.9%
- 5%
- 5%
- 9%
37.5%
Because of his education and work experience, Nimesh was recently hired as a Food & Beverage Supervisor by the Bombay Adventure Restaurant. One of his first tasks is to forecast his operation’s sales for the next six months based on the following information.
What is the weighted average percentage increase in sales for the six month period?
1.78%
- 15%
- 78%
- 15%
2.78%
Managers who use seven day rolling averages to monitor their weekly sales do so because it
reduces their operating expenses.
increases their operational profitability.
utilizes the operation’s most recent sales information.
reduces the amount of time required to report operational sales.
utilizes the operation’s most recent sales information.
A manager’s operation achieved $800,000 in sales last year. For next year, the manager predicts a 4% increase in sales. What is the manager’s sales forecast for next year?
$804,000
$832,000
$864,000
$882,000
$832,000
A manager’s operation achieved $8,000 in sales last month. The manager forecasts a 4% increase in sales for next month. The manager’s sales forecast for next month is $8,032.
True
False
False
