Labor Cost Benchmarks Are Measured by

question 4

Multiple Choice

Labor cost benchmarks are measured by

• A) dividing labor costs by food costs
• B) comparing individual hotel food outlets
• C) covers-per-person-hour
• D) food cost compared to labor cost

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, involved in buying, selling, or renting land, buildings, or housing.

Appraised

Appraised refers to the assessed value of an asset, typically conducted by a professional evaluator to determine its worth in the current market.

Paddleboats

Small watercraft propelled by the action of pedaling with the feet, often available for rent at recreational parks.