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AHLEI CHAPTER 1 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED 100%
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AHLEI CHAPTER 1 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED 100%
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ESTUDYAHLEI CHAPTER 1 100% CORRECT ANSWERS |
ESTUDY LATEST, ALL ANSWERED 100%
### 1. **What is an Account Receivable System?**
a) A system to account for revenue that has been collected
b) A system to account for revenue that is due but has not yet been collected
c) A system for tracking payments made to vendors
d) A system for managing payroll
**Answer: b) A system to account for revenue that is due but has not yet been collected**
---
### 2. **What is an Accrual Accounting System?**
a) A system that records revenue only when cash is received
b) A system that matches expenses with related revenue to track profitability
c) A system used to predict future expenses
d) A system used by cash-based businesses
**Answer: b) A system that matches expenses with related revenue to track profitability**
---
### 3. **What is a Commercial Food Service Operation?**
, ESTUDY
a) A non-profit organization focused on food distribution
b) A food service business that operates within corporate offices
c) A food service operation found in hotels, clubs, restaurants, and similar venues that aims to
generate profit from food and beverage products
d) A small-scale, family-run restaurant serving only local dishes
**Answer: c) A food service operation found in hotels, clubs, restaurants, and similar venues that aims
to generate profit from food and beverage products**
---
### 4. **What is a Contract Management Company in Food Services?**
a) A company that designs restaurant interiors
b) A non-profit company that provides food for public events
c) A for-profit company that manages food services in noncommercial organizations like schools or
hospitals
d) A company that provides consulting services to restaurants
**Answer: c) A for-profit company that manages food services in noncommercial organizations like
schools or hospitals**
---
### 5. **What is Controlling in Management?**
a) The process of setting goals for the organization
b) The management task of comparing actual performance with expected results and ensuring the
safeguarding of assets
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