Author Question: Describe types of budgets. What will be an ideal response? ... (Read 70 times)

tth · **on:** Aug 10, 2018

Describe types of budgets.

What will be an ideal response?

Question 2

Which event in 1798 forced many French chefs to leave their aristocratic employers and find jobs in the newly created restaurant industry?

A) The battle at Waterloo

B) A bankrupt society

C) Fall of Napoleon

D) French revolution

TDubDCFL · **Reply #1 on:** Aug 10, 2018

Answer to Question 1

Budgets may be long or short term, and cover a whole operation or only one business segment. The main budget for most restaurant and foodservice operations is the operating budget. This budget presents a plan for revenues and expenses for a period of time. Most operations will find a four-week cycle to be the most useful. However, budgets must be examined cyclically for accuracy and to find areas in which to improve. Budgeting for shorter cycles, such as a week or a month, should be fairly accurate, while yearly budgets and five-year plans will need to be adjusted to accommodate changing or unexpected conditions.

Answer to Question 2

D