Monitoring Performance and Analyzing Variances Quiz
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Questions and Answers

What is the term commonly used to refer to planning and determining future costs in the foodservice industry?

  • Menu Engineering
  • Budgeting (correct)
  • Sales Forecasting
  • Inventory Management
  • Why do cost percentages vary considerably among different foodservice operations?

  • Due to the number of employees hired
  • Due to the weather conditions in the region
  • Due to the type of cuisine offered
  • Due to various possible reasons (correct)
  • What is the term used to describe revenue resulting from the exchange of products and services for value in a food and beverage operation?

  • Menu Pricing
  • Service Costing
  • Sales Concept (correct)
  • Budget Analysis
  • Which term refers to the total dollar volume of sales for a given server within a specific period?

    <p>Total Server Sales</p> Signup and view all the answers

    What is the term used to describe the total volume of sales expressed in dollar terms for a specific period like a week or a month?

    <p>Monetary Sales</p> Signup and view all the answers

    Which aspect does Total Seat Sales help to evaluate in a foodservice operation?

    <h1>of Covers</h1> Signup and view all the answers

    What is one of the advantages of having a precise sales forecast in a business?

    <p>Increased budgeting ability</p> Signup and view all the answers

    How can a precise sales forecast contribute to greater efficiency in scheduling needed workers?

    <p>By accurately predicting the demand for workers</p> Signup and view all the answers

    What is the importance of involving department heads and supervisors in the sales forecast goal setting process?

    <p>To increase commitment in meeting targets</p> Signup and view all the answers

    How does the realization of sales and profit targets indicate how well a business is doing?

    <p>It suggests poor performance when targets are not met</p> Signup and view all the answers

    Why is the average check per guest an important metric included in a sales forecast for food and beverage operations?

    <p>To help in estimating the number of patrons or guest counts</p> Signup and view all the answers

    In what way can a precise sales forecast lead to increased dollars available for current facility maintenance and future growth?

    <p>By improving financial planning through accurate revenue estimates</p> Signup and view all the answers

    What is the purpose of monitoring performance vs targets and standards?

    <p>To identify variances and take corrective action</p> Signup and view all the answers

    What percentage of covers did Val's Donut Shop record a loss in during Week 4?

    <p>-10.49%</p> Signup and view all the answers

    How can a Sales Forecast be valuable for decision-making?

    <p>By guiding owners in making business decisions</p> Signup and view all the answers

    What system can be used to determine actual sales for a current time period?

    <p>Point of Sales (POS) system</p> Signup and view all the answers

    Why is it important to establish specific, measurable, and realistic sales targets?

    <p>To operate a viable and profitable business</p> Signup and view all the answers

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