Which of the Following Costs Is Typically the Highest Cost

question 41

Multiple Choice

Which of the following costs is typically the highest cost in operating a restaurant?

• A)overhead
• B)labor
• C)beverage
• D)food

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Definitions:

GDP

Gross Domestic Product; a measure of the economic activity of a country, calculated as the total value of all goods and services produced over a specific time period.

Health Care Spending

The total amount of money spent on health care services by individuals, businesses, and governments.

Industrial Country

A nation with a significant level of development and standard of living, characterized by a strong industrial base.

U.S. Health Care Spending

The total amount of money spent on healthcare services and products in the United States, including both public and private expenditures.