Question 1

What is the weighted average percentage increase in sales for the 6-month period?

Accepted Answer

A)  1.78% 
B)  2.15% 
C)  2.78% 
D)  3.15% 
A)  1.78% 
B)  2.15% 
C)  2.78% 
D)  3.15% C

Question 2

How frequently should managers update their operations' sales history information?

Accepted Answer

A)  At least once per day 
B)  At least once per week 
C)  At least once per month 
D)  At least once per quarter 
A)  At least once per day 
B)  At least once per week 
C)  At least once per month 
D)  At least once per quarter A

Question 3

On Monday, a QSR served 500 guests and achieved revenue of $3,250. What was the operation's check average on Monday?

Accepted Answer

A)  $1.50 
B)  $1.54 
C)  $6.50 
D)  $6.54 
A)  $1.50 
B)  $1.54 
C)  $6.50 
D)  $6.54 C

Question 4

An operation achieved $18,000 in sales last month. This month the operation achieved $19,080 in sales. The operation's sales increase percent this month when compared to last month was 6%.

Accepted Answer

A) True 
 B)False

Question 5

What would be the most likely outcome if a foodservice manager consistently underestimated future guest counts?

Accepted Answer

A)  Too few staff will be scheduled to work 
B)  Too many staff will be scheduled to work 
C)  Product costs will be less than estimated 
D)  Total operating expenses will be lower than estimated 
A)  Too few staff will be scheduled to work 
B)  Too many staff will be scheduled to work 
C)  Product costs will be less than estimated 
D)  Total operating expenses will be lower than estimated

Question 6

A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting period, the manager predicts 8,000 guests will be served at a check average 5% higher than the current average sale per guest. What will be this manager's revenue forecast for the upcoming period?

Accepted Answer

A)  $72,000 
B)  $75,600 
C)  $79,200 
D)  $82,800 
A)  $72,000 
B)  $75,600 
C)  $79,200 
D)  $82,800

Question 7

Foodservice managers who use seven day rolling averages to monitor their weekly sales do so because it

Accepted Answer

A)  reduces their operating expenses. 
B)  increases their operational profitability. 
C)  utilizes the operation's most recent sales information. 
D)  reduces the amount of time required to report operational sales. 
A)  reduces their operating expenses. 
B)  increases their operational profitability. 
C)  utilizes the operation's most recent sales information. 
D)  reduces the amount of time required to report operational sales.

Question 8

An 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.

Accepted Answer

A) True 
 B)False

Question 9

On Monday, a QSR operation served 200 guests at an average sale per guest of $10.50. On Tuesday, it served 175 guests at an average sale per guest of $12.00. What was the QSR's average sale per guest for the two-day period?

Accepted Answer

A)  $11.15 
B)  $11.20 
C)  $11.25 
D)  $11.30 
A)  $11.15 
B)  $11.20 
C)  $11.25 
D)  $11.30

Question 10

If an operation's revenue forecast is $147,340 and its guest count forecast is 26,785, what is the operation's forecasted average sale per guest?

Accepted Answer

A)  $1.82 
B)  $5.50 
C)  $6.50 
D)  $18.18 
A)  $1.82 
B)  $5.50 
C)  $6.50 
D)  $18.18

Question 11

At the end of this month, an operation had achieved sales of $15,000. In the previous month the operation achieved sales of $12,000. What was the operation's sales percentage increase for this month?

Accepted Answer

A)  10% 
B)  15% 
C)  20% 
D)  25% 
A)  10% 
B)  15% 
C)  20% 
D)  25%

Question 12

The calculation of an operation's sales variance percentage always results in a positive number.

Accepted Answer

A) True 
 B)False

Question 13

What does a foodservice operation's POS system record?

Accepted Answer

A)  Only the operation's sales volume 
B)  Only the customers' payment information 
C)  Both sales volume and customer payment information 
D)  Sales volume, customer payment information, and profits 
A)  Only the operation's sales volume 
B)  Only the customers' payment information 
C)  Both sales volume and customer payment information 
D)  Sales volume, customer payment information, and profits

Question 14

What is the minimum length of time foodservice operations should keep their sales history records on file?

Accepted Answer

A)  One month 
B)  Two months 
C)  One year 
D)  Two years 
A)  One month 
B)  Two months 
C)  One year 
D)  Two years

Question 15

What would be the most likely outcome if a manager consistently overestimated future guest counts?

Accepted Answer

A)  Too few staff will be scheduled to work 
B)  Too many staff will be scheduled to work 
C)  Guest wait times for service will likely increase 
D)  Total fixed expenses will be higher than originally expected 
A)  Too few staff will be scheduled to work 
B)  Too many staff will be scheduled to work 
C)  Guest wait times for service will likely increase 
D)  Total fixed expenses will be higher than originally expected

Question 16

The daily sales data used for calculating a rolling average is identical to the data used to calculate a fixed average.

Accepted Answer

A) True 
 B)False

Question 17

Last year, an operation achieved $800,000 in sales. For next year, the operation's manager predicts a 4% increase in sales. What is the manager's sales forecast for next year?

Accepted Answer

A)  $804,000 
B)  $832,000 
C)  $864,000 
D)  $882,000 
A)  $804,000 
B)  $832,000 
C)  $864,000 
D)  $882,000

Question 18

A restaurant achieved $853,564 in sales this year and $769,278 in sales last year. When rounded to the nearest whole percent, what was the restaurant's percentage variance in sales this year when compared to last year?

Accepted Answer

A)  10% increase 
B)  10% decrease 
C)  11% increase 
D)  11% decrease 
A)  10% increase 
B)  10% decrease 
C)  11% increase 
D)  11% decrease

Question 19

On Monday, a restaurant served 250 guests and achieved a check average of $12.55. What was the operation's total revenue on Monday?

Accepted Answer

A)  $5,020.00 
B)  $3,137.50 
C)  $31,375.00 
D)  $50,200.50 
A)  $5,020.00 
B)  $3,137.50 
C)  $31,375.00 
D)  $50,200.50

Question 20

What is the total revenue forecast for the 6-month period?

Accepted Answer

A)  $263,160 
B)  $265,180 
C)  $267,180 
D)  $269,320 
A)  $263,160 
B)  $265,180 
C)  $267,180 
D)  $269,320

What is the weighted average percentage increase in sales for the 6-month period?

How frequently should managers update their operations' sales history information?

On Monday, a QSR served 500 guests and achieved revenue of $3,250. What was the operation's check average on Monday?

An operation achieved $18,000 in sales last month. This month the operation achieved $19,080 in sales. The operation's sales increase percent this month when compared to last month was 6%.

What would be the most likely outcome if a foodservice manager consistently underestimated future guest counts?

A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting period, the manager predicts 8,000 guests will be served at a check average 5% higher than the current average sale per guest. What will be this manager's revenue forecast for the upcoming period?

Foodservice managers who use seven day rolling averages to monitor their weekly sales do so because it

An 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.

On Monday, a QSR operation served 200 guests at an average sale per guest of $10.50. On Tuesday, it served 175 guests at an average sale per guest of $12.00. What was the QSR's average sale per guest for the two-day period?

If an operation's revenue forecast is $147,340 and its guest count forecast is 26,785, what is the operation's forecasted average sale per guest?

At the end of this month, an operation had achieved sales of $15,000. In the previous month the operation achieved sales of $12,000. What was the operation's sales percentage increase for this month?

The calculation of an operation's sales variance percentage always results in a positive number.

What does a foodservice operation's POS system record?

What is the minimum length of time foodservice operations should keep their sales history records on file?

What would be the most likely outcome if a manager consistently overestimated future guest counts?

The daily sales data used for calculating a rolling average is identical to the data used to calculate a fixed average.

Last year, an operation achieved $800,000 in sales. For next year, the operation's manager predicts a 4% increase in sales. What is the manager's sales forecast for next year?

A restaurant achieved $853,564 in sales this year and $769,278 in sales last year. When rounded to the nearest whole percent, what was the restaurant's percentage variance in sales this year when compared to last year?

On Monday, a restaurant served 250 guests and achieved a check average of $12.55. What was the operation's total revenue on Monday?

What is the total revenue forecast for the 6-month period?

Managing Revenue and Expense

Purchasing and Receiving

Managing Inventory and Production

Monitoring Food and Beverage Product Costs

Managing Food and Beverage Pricing

Managing the Cost of Labor

Controlling Other Expenses

Analyzing Results Using the Income Statement

Planning for Profit

Maintaining and Improving the Revenue Control System

Filters

Exam 2: Creating Sales Forecasts

What is the weighted average percentage increase in sales for the 6-month period?

How frequently should managers update their operations' sales history information?

On Monday, a QSR served 500 guests and achieved revenue of $3,250. What was the operation's check average on Monday?

An operation achieved $18,000 in sales last month. This month the operation achieved $19,080 in sales. The operation's sales increase percent this month when compared to last month was 6%.

What would be the most likely outcome if a foodservice manager consistently underestimated future guest counts?

A manager's operation currently has an average sale per guest of $9.00. For the upcoming accounting period, the manager predicts 8,000 guests will be served at a check average 5% higher than the current average sale per guest. What will be this manager's revenue forecast for the upcoming period?

Foodservice managers who use seven day rolling averages to monitor their weekly sales do so because it

An 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.

On Monday, a QSR operation served 200 guests at an average sale per guest of $10.50. On Tuesday, it served 175 guests at an average sale per guest of $12.00. What was the QSR's average sale per guest for the two-day period?

If an operation's revenue forecast is $147,340 and its guest count forecast is 26,785, what is the operation's forecasted average sale per guest?

At the end of this month, an operation had achieved sales of $15,000. In the previous month the operation achieved sales of $12,000. What was the operation's sales percentage increase for this month?

The calculation of an operation's sales variance percentage always results in a positive number.

What does a foodservice operation's POS system record?

What is the minimum length of time foodservice operations should keep their sales history records on file?

What would be the most likely outcome if a manager consistently overestimated future guest counts?

The daily sales data used for calculating a rolling average is identical to the data used to calculate a fixed average.

Last year, an operation achieved $800,000 in sales. For next year, the operation's manager predicts a 4% increase in sales. What is the manager's sales forecast for next year?

A restaurant achieved $853,564 in sales this year and $769,278 in sales last year. When rounded to the nearest whole percent, what was the restaurant's percentage variance in sales this year when compared to last year?

On Monday, a restaurant served 250 guests and achieved a check average of $12.55. What was the operation's total revenue on Monday?

What is the total revenue forecast for the 6-month period?

Managing Revenue and Expense

Purchasing and Receiving

Managing Inventory and Production

Monitoring Food and Beverage Product Costs

Managing Food and Beverage Pricing

Managing the Cost of Labor

Controlling Other Expenses

Analyzing Results Using the Income Statement

Planning for Profit

Maintaining and Improving the Revenue Control System

Filters