A Foodservice Operation with a Food Cost of 40% Has

question 25

Multiple Choice

A foodservice operation with a food cost of 40% has food costs that are equal to 40% of ________.

• A)operating costs
• B)total costs
• C)labor costs
• D)revenue

---

Definitions:

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Increase

An upward change or growth in a quantity or value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Consumer Goods

Physical products purchased by consumers for personal or household use.