Foodservice Managers Who Use Seven Day Rolling Averages to Monitor

question 7

Multiple Choice

Foodservice managers who use seven day rolling averages to monitor their weekly sales do so because it

• A) reduces their operating expenses.
• B) increases their operational profitability.
• C) utilizes the operation's most recent sales information.
• D) reduces the amount of time required to report operational sales.

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Positively Sloped

A line or curve on a graph that moves upward and to the right, indicating a direct relationship between two variables.

Negatively Sloped

Describes a line on a graph that moves downward from left to right, indicating an inverse relationship between two variables.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefits to society from the trade of a good or service.