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Cost Control Vocab

Authored by Coree Perez

Hospitality and Catering

12th Grade

Used 1+ times

Cost Control Vocab
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of "Revenue" in a business context?

The costs of all of the staff

The income from sales before expenses, or costs, are subtracted

Costs that are incurred only when a meal or service is provided

Costs that do not change, including insurance and utilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes a business's efforts to manage how much it spends?

Overhead costs

Revenue

Cost control

Labor costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are "Controllable costs"?

Costs that do not change, including insurance and utilities

Costs that are incurred only when a meal or service is provided to a guest

The cost of food items that a restaurant uses to create a menu item for sale

The costs of all of the staff

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which costs are considered fixed or noncontrollable because managers and chefs cannot adjust them?

Beverage costs

Controllable costs

Overhead costs

Food costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are "Fixed/Noncontrollable costs"?

Costs of an operation that stay the same and cannot be adjusted by managers or chefs

The cost of the ingredients to make a beverage for sale

The income from sales before expenses, or costs, are subtracted

A business's efforts to manage how much it spends

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do "Food costs" refer to?

The cost of the ingredients to make a beverage for sale

The costs of all of the staff

The cost of food items that a restaurant uses to create a menu item for sale

Costs that do not change, including insurance and utilities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are "Beverage costs"?

The cost of the ingredients to make a beverage for sale

The income from sales before expenses, or costs, are subtracted

Costs that are incurred only when a meal or service is provided

Costs of an operation that stay the same and cannot be adjusted

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