The Warranty of Merchantability applies to
a. Food and Beverages.
b. Food only.
c. All aspects of a Food and Beverage operation
d. Only to products made on the premises.
e. Only where the guest has suffered serious physical injury
_________________ is defined as having a specific performance objective that enables members to determine when the objective has been obtained.
Fill in the blank(s) with correct word
If current liabilities exceed current assets, then the:
A) current ratio will be less than one.
B) current ratio will be more than one.
C) quick ratio will be more than one.
D) none of the above.
The Uniform Commercial Code
a. Does not apply to the sale of food and beverages.
b. Is a standard of conduct formulated by the U.S. Hotel Association.
c. Applies to all sales of food and beverages
d. Applies only if the establishment chooses to be bound by it.
e. All of the above.
Most ABC's, such as at the Bellagio in Las Vegas, are:
a. back of House due to effectiveness and customer perceptions of ABCs
b. back of House due to effectiveness and employee perceptions of ABCs
c. front of House due to customer perceptions of ABCs
d. front of House due to service delivery system and CVP pricing
e. a type of soup
A person's excessive blood alcohol level is determined by
a. Whether the person mixes their type of drinks.
b. A person's weight.
c. How often in a week a person uses alcohol.
d. The standards set by the state.
e. All of the above.
The number of times interest earned is a
A) liquidity ratio.
B) turnover ratio.
C) profitability ratio.
D) solvency ratio.
_________________ is defined as the group's tendency to take a position that is more risky than any individual member would have taken independently.
Fill in the blank(s) with correct word
Par stock for inventory systems refers to:
a. the base ingredients for soups
b. supply system for country club inventory
c. waste and spoilage inventory report
d. acceptable level of supplies
e. None of the above
Which of the following is a limitation of ratio analysis?
A) Many ratios can be easily calculated.
B) Ratios provide lenders, investors, and managers with important information.
C) Ratios are more meaningful when compared to some standard of performance.
D) Ratios there are too many different types of ratios.
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