The Target Market and Concept, to a Large Extent, Will

question 8

Multiple Choice

The target market and concept, to a large extent, will determine the

• A) contribution margin
• B) menu prices
• C) rental/lease costs
• D) food cost percentage

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Definitions:

Revised Article 4

An update or amendment to a section of the Uniform Commercial Code dealing primarily with bank deposits and collections.

Postdated Instrument

A financial instrument, such as a check, with a date in the future, indicating when it becomes payable.

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the payee or bearer.

Liability

A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.