RESTAURANT M(MIDTERM)

Question 1

is a certificate issued by Liquor Licensing & Regulatory Board that serves as your official permit to sell, serve, and dispense liquor and other intoxicating goods within the Philippines.

Answer 1

Liquor License

Question 2

DTI MEANS

Answer 2

Department of trade industry

Question 3

SEC MEANS

Answer 3

Securities and exchange commission

Question 4

For sole proprietorship

Answer 4

DTI(Department of trade and industry

Question 5

For partnership or corporation

Answer 5

(SEC) Securities and exchange commission

Question 6

BIR MEANS

Answer 6

Bureau of internal revenue

Question 7

LGU MEANS

Answer 7

local government unit

Question 8

(LLRB) APPLICATION FORM MEANS

Answer 8

Liquor licensing regulatory board

Question 9

(BPLO) Permit MEANS

Answer 9

Business Permit Licensing office

Question 10

a complete list of items such as property, goods in stock, or the contents of a business.

Answer 10

Inventory

Question 11

is the process of tracking the ingredients coming in and out of your restaurant.

Answer 11

Inventory Management

Question 12

is the act of buying the goods and services that a company needs to operate and/or manufacture products.

Answer 12

Purchasing

Question 13

has to analyze and decide the best suppliers as per the quality of products and most reasonable cost

Answer 13

PURCHASING MANAGEMENT

Question 14

is a method of restaurant inventory management, wherein restaurant owners establish a minimum level of inventory required at any particular period of time

Answer 14

Par Inventory

Question 15

is used to determine the quantity of inventory on hand that an organization should have at all times

Answer 15

PAR Level

Question 16

is the ratio of a restaurant’s cost of ingredients (food inventory and purchases) and the revenue (food sales) generated when the menu items are sold.

Answer 16

Food Cost

Question 17

• the account of items at the start of an accounting period.

Answer 17

Beginning Inventory

Question 18

– the account of items left or goods on hand at the end of a reporting period.

Answer 18

Ending Inventory

Question 19

– list of bought items (purchase receipt)

Answer 19

Purchases

Question 20

-Revenue

Answer 20

Total Food Sales