Exam 4: Managing Inventory and Production
Exam 1: Managing Revenue and Expense35 Questions
Exam 2: Creating Sales Forecasts35 Questions
Exam 3: Purchasing and Receiving35 Questions
Exam 4: Managing Inventory and Production35 Questions
Exam 5: Monitoring Food and Beverage Product Costs35 Questions
Exam 6: Managing Food and Beverage Pricing35 Questions
Exam 7: Managing the Cost of Labor33 Questions
Exam 8: Controlling Other Expenses35 Questions
Exam 9: Analyzing Results Using the Income Statement35 Questions
Exam 10: Planning for Profit34 Questions
Exam 11: Maintaining and Improving the Revenue Control System35 Questions
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Safety stock is the amount of an inventory item managers anticipate using before purchasing that item again.
(True/False)
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Refrigerators used to store potentially hazardous foods (PHFs) should be maintained at a temperature of
(Multiple Choice)
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A manager forecasts that 80 servings of Sea Bass will be sold today. The operation has carried over 15 usable servings of sea bass from yesterday and the manager wishes to maintain a margin of error of 5 servings. What should be the number of Sea Bass portions produced today?
(Multiple Choice)
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In which inventory system are additions to, and subtractions from, stored product amounts recorded as they occur?
(Multiple Choice)
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A manager offers sautéed trout fillets on the menu. If the manager utilizes the ABC inventory system, which item used to produce this menu item would most likely be considered an "A" category item?
(Multiple Choice)
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Which beverage production control system would require the greatest amount of financial investment on the part of a bar owner?
(Multiple Choice)
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In most cases, convenience foods have a lower food cost per serving than products that are made on-site.
(True/False)
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Portion cost is the amount of money required to produce one serving of a menu item.
(True/False)
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For what types of products is the "empty-for-full" replacement system most appropriate?
(Multiple Choice)
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A beverage manager takes inventory and finds that, for a specific brand of gin, there are three full bottles and one bottle that is 4/10 full. The value of the gin is $25.50 per bottle. What will be the inventory value assigned to this brand of gin?
(Multiple Choice)
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When foodservice workers conduct actual counts of the items held in their operations' storage areas, they are taking
(Multiple Choice)
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What is the formula used to calculate the item inventory value of products held in storage?
(Multiple Choice)
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What is the inventory management system that utilizes bin cards?
(Multiple Choice)
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Operations using a FIFO storage system rotate their stock so that products already on-hand are used prior to the use of more recently delivered products.
(True/False)
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