Cost of goods sold-beverages-target beverage cost percentage

Assignment Help Operation Management

Reference no: EM132191065

1. Cost of goods sold: beverages / Target beverage cost percentage is known as the formula for

A. suggested selling price.

B. beverage cost percentage

C. beverage cost percentage.

D. cost of goods sold: beverages.

2. The most effective way that managers can communicate with their guests is through

A. table tents.

B. sound-system announcements.

C. the menu.

D. exterior signage.

3. To calculate the estimated sales for Brand A beer, the manager would use the formula

A. past week's total sales of Brand A + % of increase this year over last of Brand A = estimated sales of Brand A.

B. estimated dollar amount of beer sales - sales of Brand A prior week = estimated sales of Brand A.

C. estimated total beer sales x % sales of Brand A = estimated sales of Brand A.

D. estimated number of customers x estimated % of beers sold = estimated sales of Brand A.

4. When beverage products are delivered, the operation's purchase order should be compared with the

A. delivery invoice

B. credit memo

C. bartender's requisition

D. check requisition

5. When determining how much to buy, the manager must balance

A. the amount of cash tied up in inventory and having sufficient inventory to meet customer demand.

B. past usage and the amount of storage space.

C. the time it takes to store the inventory and the amount of space for storage.

D. how much the salesman wants to sell and wants to purchase.

6. When hiring, many managers, rather than looking for job knowledge and skills, look for

A. appearance.

B. attitude.

C. hours of availability.

D. associations within the organization.

Reference no: EM132191065

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