Restaurant Management Final

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

People will often travel __________ or more to reach a restaurant with a great reputation.

1 hour

It is estimated that about ___________ Americans suffer from some type of food allergy.

12 million

H.G. Parsa found the actual failure rate of restaurants during the third year of operation is

14%

Loans cannot be made at more than __________ interest over the prime lending rate.

2.75%

Up to __________ of the meals eaten away from home are for pleasure.

25%

A restaurant's profit is typically only __________ of total revenue.

3% to 9%

If the opening food costs are $64,500 and total sales are $195,000 the food cost percentage is __________.

33.07%

How many restaurants in New York have celebrated their 100th year anniversaries?

35

Ordinarily, unless the individual has established a line of credit, the bank wants at least __________ (and usually more) of the total needs to be invested by the individual or corporation.

40%

Intermediate loans are made for up to __________ years.

5

Which are types of demographics?

Age, sex, family life cycle, income, occupation, education, religion, and race

Leaders have six traits that distinguish them from non-leaders:

Drive, the desire to influence others, honesty and moral character, self-confidence, intelligence and relevant knowledge.

Which of the following is not a part of a franchise restaurant set up?

Paying the payroll

Who borrowed around $60,000 from family and friends and opened two restaurants named The Great American Disaster?

Peter Morton

According to the textbook, with grilled salmon, nowadays, the wine of choice seems to be a __________.

Pinot noir

The first known quick-service restaurant dates back to the 1870s, when a New York City foodservice establishment called the __________.

Plate House

Few restaurant management students opt for ____________________management, believing it lacks the variety, glamour and opportunity for self-expression.

Quick Service

Which is the prime source of information for restaurant location decisions?

Real Estate agents

Which of the following would be considered a knockout criterion?

Restaurant is situated behind two building off of the street

Pop-ups are restaurants that:

Restaurants that appear only for a few days, with an upfront price

A corporate structure that has only one basic class of stock, is slightly flexible on voting rights, is easy to set up, but limits your financing later is a(n) __________.

S Corporation

Independently owned and managed companies set up to provide debt and equity capital to small businesses are called __________.

SBICs

__________ is like a "mini blog"—it's a series of posts limited to only 140 characters—perfect for any busy restaurateur, bar manager, or chef.

Twitter

The purpose of the __________ is to provide information to management and ownership about the financial performance (profitability) of the restaurant over a given period of time.

income statement

The two basic components of value creation are

increasing value perceptions and lower prices

Number one reason for a restaurant to fail is"

lack of management

What is/are the advantage(s) in running a family-owned restaurant?

lower cost and less danger of theft

The location of the restaurant is generally to be of _________ importance.

major

According to the text, the total of all actual and potential guests is called the __________.

market

Fixed costs include all except __________.

net worth

The "O" in SWOT analysis stands for __________.

opportunities

Which type of steak is taken from the thick end of the short loin, has a T-bone and a sizable piece of tenderloin?

porterhouse

The cost of ingredients must equal the __________.

predetermined food-cost percentage

In the marketing plan, goals need to be set for the four Ps, which are __________.

product, price, place, and promotion

Economies of scale can __________.

reduce food, labor, and overhead costs

Sales focuses on the needs of the __________.

seller

Boulanger believed that __________ was the cure to all sorts of illnesses.

soup

The cost of leasing a building is usually in __________.

square foot per month

SCORE is made up of __________.

successful retired businesspeople

A(n) __________ menu offers a complete meal including soup or appetizer, salad and vegetable for a fixed price.

table d'hôte

The concept is devised to interest a certain group of people, called a(n) __________.

target market

Individual restaurant operators have an advantage over chain operators because

their presence on the job can make the difference

The most atmospheric restaurants are those with a __________.

theme

Several cities have now banned __________, which are a type of fat.

trans fatty acids

A partnership is legally defined under the ___________________________ Act as any venture where two or more persons endeavor to make a profit.

uniform partnership

Two of the main menu pricing strategies include

using a comparative approach and/or price and multiply by the ratio necessary to achieve a food-cost percentage

The "W" is SWOT analysis stands for

weaknesses

Usually, the busiest periods in the restaurant business are during the __________.

weekends

Vetri is the chef and owner of which of the following award winning restaurant?

Osteria

To ensure menu ingredients are available, fresh, and priced right restaurant operators should

-use frozen foods when fresh foods are not available -take advantage of the seasons when items are at the lowest price and best quality -use the ups and downs in food prices and partially overcome them by seasonal or even daily menus

Chili's requires a minimum liquidity of:

$1,000,000

There is a fee of about __________ for registering a new business with the state.

$100

A sandwich shop can usually be opened for less than __________.

$30,000

For a 30 percent cost, if a bottle of wine cost $10.00, the selling price is __________.

$33.33

A 100-seat fully equipped casual dining restaurants may cost ______ per seat.

$6,000 - $10,000

Real estate commissions are ordinarily _______ of the building selling price and _______ of the selling price of raw land.

6%, 10%

Up to __________ of the meals eaten away from home are for utilitarian purposes

75%

Which best describes due diligence?

A thorough check to assure that everything works

Why do guests at P J Clark's still write their own guest checks?

Because historically servers could not read or write

Which is not a consideration in menu planning?

Capabilities of the servers

What is the wine of choice to match pasta primavera made with smoked tomatoes?

Chianti

__________ departs from the often dimly lit restaurant operated by a Chinese family and offers, instead, an exhibition kitchen.

China Bistro

Cities generally require restaurants to have a permit; these permits come from the:

Cities business office

Where was the first café established?

Constantinople

Which term is used to describe expenses that can be changed in the short term?

Controllable expenses

The restaurant often credited as the first in the United States was __________.

Delmonico's

____________ is the sensory impression of food.

Flavor

Which of the following is not a risk for someone on a strict Vegan diet?

Iron and calcium deficiencies

Which partnerships have complete liability, but full management rights?

General partnership

One of the most successful chains is:

Hard Rock Cafe

Which is not a reason for entering the restaurant business?

Holidays off

Which of the following statement is incorrect? " Don't open a restaurant unless you.."

Like cooking and all your friends love your food

NOLA Restaurant is located in?

New Orleans

Who was the President of the Jack-in-the-Box burger chain before he started his own company?

Norman Brinker

Which chef worked in several successful restaurants (including Chez Panisse) and is now the owner of Lucques, A.O.C., and The Hungry Cat?

Suzanne Goin

Which can be depreciated for tax purposes over its expected life?

The building

Strategic plans are devised to steer the organization toward:

goals, strategies and mission

Which type of restaurant is built around an idea, usually emphasizing fun and fantasy, glamorizing or romanticizing an activity?

Theme

Taking the same day last year and factoring in things like today's weather, day of the week and so on, are all parts of arriving at a(n) __________.

guest count

Which is the reason why salads have become the preferred "starter" in an increasing number of restaurants?

Wide variety of salad items and Inexpensive and always fresh

Who is the chef-owner of Spago?

Wolfgang Puck

Prime locations vs. ordinary locations usually cost __________.

a good deal more

As one operator put it - all you really need to open up a sandwich shop is a

a refrigerator, a microwave oven, and a sharp knife

Raw bars or restaurants do not serve food

above 116°F

In coming up with a concept for a new restaurant, you should:

adapt concepts from successful restaurants

According to the product levels described in the text, the __________ product includes services, such as automatic acceptance of certain credit cards, valet parking, and table reservation service.

augmented

Which of the following is called the "heart" of the operation?

back of the house

People do not purchase features, they purchase __________.

benefits

A standby amount of cash to open the restaurant and to get through possibly several unprofitable months of operation is called __________.

capital

The bank wants __________, which they can take should the loan not be paid.

collateral

When analyzing the competition it makes sense to do a __________, which shows how your restaurant compares to the competition.

comparison benefit matrix

A group of investors who get together to buy or build a restaurant usually form a(n) __________.

corporation

A daily flash report shows __________.

daily sales

Vegan restaurants

do not serve dairy or meat

When a corporation pays the taxes on income and the individual stockholder has to pay taxes on dividends, this is referred to as __________ taxation.

double

The main disadvantage of corporate ownership of a restaurant is that it opens way for __________.

double taxation

Costs that are normally unaffected by changes in sales volume are called __________.

fixed

In terms of payroll, __________ items usually refer to employee benefits and include health insurance, union welfare insurance, life insurance, and other employee benefits.

fixed

According to the product levels described in the text, the __________ product is the tangible part of the product and it includes the physical aspects of the restaurant and its décor.

formal

Restaurant design has two main components: __________ and __________.

front-of-the-house, back-of-the-house


Ensembles d'études connexes

Estructura 8.3 - Mas o menos? - Write statements of comparison based on the cues. Follow the model.

View Set

Victimology Exam 2: Traditional Crimes

View Set

A&P2 Learnsmart Ch 20 (Blood Vessels)

View Set

ANT 102 Final Exam Review (all quizzes)

View Set