Menu Engineering

question 20

Multiple Choice

Menu engineering:

• A)focuses on the popularity and contribution to profit of menu items.
• B)provides managers with ways to evaluate the quality of menu items.
• C)is a computerized software program for menu planning.
• D)is a technique for measuring customer satisfaction in a foodservice operation.

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Definitions:

Fair Value

The valuation expected from selling an asset or the outlay needed to reassign a liability in a coordinated market transaction as determined on the measurement date.

Future Cash Flows

Estimates of the amount of money that is expected to be generated or expended by a business in future periods from its operational activities.

Goodwill

A non-physical asset that is recognized when a company is purchased at a price higher than the cumulative fair value of its recognizable net assets.

Interim Dividend

A dividend payment made before a company's annual earnings are calculated and finalized.