Question 1
To assess how well their operations have performed financially, restaurant managers compare information on their budgets to information on their
◦ balance sheets.
◦ operating forecast.
◦ income statements.
◦ statement of cash flows.
Question 2
What is a common example of a variable cost in the restaurant industry?
◦ Licenses
◦ Property tax
◦ Laundry expense
◦ Mortgage payments