The database and program belong with:

The database and program belong with:
 a. intrinsic information.
 b. web sites.
 c. search engines.
 d. extrinsic information.

Q. 2

Intrinsic information is:
 a. only data that is produced by the system.
 b. only data that enters the system.
 c. only processed by high-tech systems.
 d. the actual information that is processed.

Q. 3

Information management (IM) is:
 a. not for every manager.
 b. a relatively old discipline.
 c. a specialty within management.
 d. an in-depth study of information technology.

Q. 4

What is the common denominator for trade in today's economy? a.productionb.workersc.materi al resourcesd.money 2.To survive, everyone must know something about: a.money management.b.nutrition.c.firs t aid.d.computers. 3.Cash is: a.used in most retail businesses.b.easier to handle than credit cards and checks.c.the preferred form of payment in non-food service settings.d.a liquid asset. 4.Cash receipts for the day are: a.the money in the drawer at the end of the day less the starting amount.b.the money prepared for deposit in a commercial bank.c.the money in the cash drawer at the end of a shift.d.the money in the dash drawer at the beginning of a shift. 5.Which of the following is NOT a use for point-of-sale (POS) systems? a.inventory controlb.the forecasting of productionc.merchandisingd.pr ocurement 6.The checks and balances required for the handling of cash start: a.at the bank.b.at the beginning of a shift.c.at the end of a shift.d.when the cash receipts are reconciled. 7.For security reasons, employees who handle cash should: a.be limited in number.b.be suspects.c.be bonded.d.be managers. 8.Which of the following is NOT a way to secure money? a.The cash register drawer is closed between transactions.b.Passwords and codes should never be shared between employees.c.The keys should stay in the possession of authorized personnel during work hours.d.The keys should be secured in the cash register during work hours. 9.The combination to a safe should be changed: a.only when an employee who knew the combination is fired.b.when an employee who knew the combination takes a new position that no longer requires access to the safe.c.when the combination is lost or forgotten.d.only when an employee who knows the combination quits. 10.Petty cash should be used: a.to compensate for poor planning.b.to avoid paper work.c.to beat a vendor's price.d.only for emergencies. 11.Cost control in material management: a.means accepting the lowest price.b.guarantees high-quality goods.c.excludes group purchasing.d.may mean using a prime vendor. 12.Production cost controls in food service include: a.just in time deliveries.b.elimination of redundancy.c.minimal backtracking.d.measuring yield. 13.Costs that are typically less than labor and materials but have significant financial impact over the course of a year are: a.workflow.b.utilities.c.prod uctivity.d.maintenance 14. Costs associated with energy usage can be controlled by:
 a. using low flow spray nozzles for pre-rinsing dishes.
  b. leaving equipment running at its peak capacity all day.
  c. tempering the room air.
  d. operating with electric cooking equipment.15.Technology is advancing rapidly in the area of:
 a. disposing of waste.
  b. conserving of water.
  c. eliminating eyestrain.
  d. recycling.16.A form of cost control that covers a broad spectrum of issues related to liability is called:
 a. performance management.
  b. stress management.
  c. risk management.
  d. liability management.17.Financial statements that are prepared by the accounting function in an organization include all of the following except:
 a.operating statements.b.balance sheets.c.variance analyses.d.profit and loss statements.18.Another name for the operating statement is:
 a.operating budget.b.accounting report.c.line item statement.d.performance report.19.Budget variance analysis:
 a.should be used as a supplement to other cost control efforts.b.requires information gathered from the accounting department.c.is produced as a year to date document.d.is any deviation from budget.20.Which of the following would NOT appear on a profit and loss statement?
 a.current assetsb.direct materialc.operating expensesd.labor21.A profit and loss statement would be prepared for all of following except:
 a.a foodservice in a private college.b.a department store.c.a stand-alone restaurant.d.an entire organization.22.Operating expenses include:
 a.salaries.b.taxes.c.maintena nce.d.cost of goods.23.Depreciation falls under the heading of:
 a.ending inventories.b.operating expenses.c.direct material.d.gross profit.24.A financial report that provides the user with a snapshot of the organization's financial status at a specific point in time is a(n):
 a. balance sheet.
  b. variance analysis.
  c. operating statement.
  d. consolidated profit and loss statement.25.Current assets include all of the following except:
 a. cash on hand.
  b. prepaid expenses.
  c. accounts receivables.
  d. property and equipment.26.Fixed assets include:
 a.security systems.b.surplus real estate.c.securities.d.bonds.2 7.Current liabilities represent:
 a.post-retirement benefits.b.mortgages.c.paymen ts due on loans.d.warranties on goods sold.28.A vending card or debit card that is used in dining halls or college campuses is an example of:
 a.long term debt.b.short term debt.c.ownership equity.d.unearned revenue.29.Invoices that are owed for goods and services that have been recently purchased are called:
 a.accrued liability.b.unearned revenue.c.accounts payable.d.outstanding loans.30.Ownership equity:
 a. means the organization is owned by more than one person.
  b. represents a liability to the organization.
  c. does not affect the balance sheet.
  d. is high when assets and liabilities are equal.Which of the following revolutionized word of mouth dissemination of information?
 a. the Internet
 b. print media
 c. information technology
 d. broadcast media

Q. 5

All but which of the following is a step in preparing a capital budget?
 a. Wait to hear the outcome.
 b. Determine which capital goods are needed.
 c. Estimate the cost of each item.
 d. Submit the required paperwork.

Q. 6

Which of the following is true regarding the capital budget?
 a. Department managers are allocated capital dollars and allowed to spend them as they see fit.
 b. Capital items include postage, travel, fees, and licenses.
 c. Managers who ask for more than one capital expenditure are asked to prioritize.
 d. The value of capital expenditures can be appreciated over time.