Most Restaurants Use _____ When Purchasing Meat, Seafood, and Produce

question 35

Multiple Choice

Most restaurants use _____ when purchasing meat, seafood, and produce (fruit and vegetables) .

• A) menu
• B) a request form
• C) purchase specifications
• D) a purchase order

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Definitions:

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding the cost of goods sold.

Cost of Goods Sold

An expense reported on the income statement that represents the total cost of products or services that have been sold.

Retained Earnings

Accumulated profits of a company that are not distributed to shareholders as dividends but are reinvested in the business or held as reserves.

Retained Earnings Account

An equity account that represents the accumulated profits of a company that have not been distributed to shareholders as dividends.