Vocabulary Final Review

Question 1

A method of storage in which the operator will sell the recent product before selling the older

Accepted Answer

LIFO

Question 2

A detailed listing of revenue and expenses for a given accounting period. (called income stmt)

Accepted Answer

Profit and loss Statement

Question 3

All expenses , including payroll, required to maintain a workforce in a food-service operation.

Accepted Answer

Labor Cost

Question 4

A system for controlling operations' cash and product usage by using a computer processor.

Accepted Answer

POS - Point of Sale System

Question 5

The % of total guests choosing a given menu item from a list of menu alternatives

Accepted Answer

Popularity Index

Question 6

A method for comparisons between menu items.

Accepted Answer

Matrix analysis

Question 7

The profit or margin that remains after product cost is subtracted from an items selling price.

Accepted Answer

Contribution Margin

Question 8

A term used to describe a raise in employee pay.

Accepted Answer

COLA

Question 9

The mechanical system used to provide heating and cooling to buildings

Accepted Answer

HVAC

Question 10

Offers limited menu and is designed for the convenience of customers who want their food fast

Accepted Answer

Quick Service Restaurant

Question 11

An instrument used to measure the specific gravity of a liquid.

Accepted Answer

Hydrometer

Question 12

The practice of reducing all or most prices on the menu to increase guest count for revenue

Accepted Answer

Value Pricing

Question 13

Refers to the weight or count of a product after it has been trimmed, cooked, and portion

Accepted Answer

Edible Portion

Question 14

An operation's total cost of sales added to labor cost

Accepted Answer

Prime Cost

Question 15

An operations total cost of sales added to total labor cost

Accepted Answer

Prime Cost

Question 16

The procedures to be used for consistently preparing and serving a given menu item

Accepted Answer

Standardized Recipe

Question 17

The number of individuals served in a defined time period.

Accepted Answer

Guest count

Question 18

Operator intends to sell the oldest product before selling the most recent delivered product

Accepted Answer

FIFO

Question 19

List of personal skills and characteristics needed to perform those tasks pertaining to a job.

Accepted Answer

Job Specification

Question 20

A listing of the tasks to be performed in a particular position

Accepted Answer

Job description

Questions 20