When a Restaurant Routinely Sells Its Customers Smaller Portions of Food

question 39

Multiple Choice

When a restaurant routinely sells its customers smaller portions of food than it advertises, it is engaging in what type of theft?

• A) adulterating food
• B) short weighing
• C) billing for food not provided
• D) false advertising of prices

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Definitions:

Fixed Assets

Fixed Assets are long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not expected to be converted to cash within a year.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the operating cycle of a business, whichever is longer.

Intangible Assets

Non-physical assets that have value, such as patents, trademarks, and copyrights, known for their long-term benefits to a company.

Gain on Sale

The profit recognized when an asset is sold for more than its carrying amount.