What happens to the fundamental accounting equation when the sole proprietor of a business invests more cash in it?
a. Assets increase, liabilities increase, and owner's equity decreases.
b. Assets increase, liabilities remain the same, and owner's equity increases.
c. Assets remain the same, liabilities increase, and owner's equity increases.
d. Assets increase, liabilities increase, and owner's equity remains the same.
Health care foodservice operations must meet which of the following?
a. Federal regulations
b. State regulations
c. Local regulations
d. Patient nutritional needs
e. All of the above
Escape gamblers gamble for excitement.
Indicate whether the statement is true or false
Why is a complaint Tweet' about your restaurant NOT always a bad thing?
a. It allows you to identify and correct problems with personnel
b. It helps you understand problems with your restaurant's atmosphere
c. It allows people to vent online
d. It allows me to identify customers who are whiners
e. Both a & b
Which of the following statements best describes the accounting principle of objective evidence?
a. It requires supporting documents for accounting transactions whenever possible.
b. It involves recording, classifying, and summarizing transactions in order to prepare reports.
c. It requires that all events that would make a difference to the user of a financial report be accounted for.
d. It assumes that the business will survive for the foreseeable future.
Why is it important for casino managers and supervisors from separate departments to effectively communicate with each other?
What will be an ideal response?
Geo-location on mobile devices present restaurants interesting marketing opportunities using services like Twitter. Which of the following is an example?
a. location and hours of the restaurant on the Twitter homepage
b. push coupons to followers
c. offer special services or discounts to regular customers
d. allow patrons to identify that they are at your establishment (in real time) so friends can join them.
e. all of the above
What entity is the author of the Model Food Code?
a. Food and Drug Administration
b. US Department of Agriculture
c. State Restaurant Association
d. Health Department (State or County)
Which accounting method recognizes expenseswhen they are paid rather than when they areincurred?
a. Accrual
b. Cash
c. Cost
d. Expense
Action gamblers gamble to feel nothing.
Indicate whether the statement is true or false
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