FNDH 426 Quiz Mod 4-6 | 100% Correct |
Verified | 2024 Version
What is the largest expense for most organizations?
A) health insurance
B) food
C) overhead
D) labor - ✔✔D) labor
Contribution margin is calculated with which formula?
A) beginning inventory + purchases - ending inventory
B) total meals divided by total labor hours
C) price - variable cost
D) total fixed cost + total variable cost divided by total labor hours - ✔✔C) price - variable cost
FTEs are...
A) the number of full-time employees.
B) thenumber of individual employees.
C) the number of salaried employees.
D) total labor hours divided by 40. - ✔✔D) total labor hours divided by 40.
What is the purpose of the determining your organization's "meal equivalent"?
A) It is a productivity ratio.
B) It can be used to equalize the value of selling individual food items.
, C) It is the only way to determine contribution margin.
D) There is no such thing as a "meal equivalent". - ✔✔B) It can be used to equalize the value of selling
individual food items.
It is important to consider the organization's objectives when setting prices.
TRUE
FALSE - ✔✔TRUE
All USDA food assistance programs are regulated at the federal level.
TRUE
FALSE - ✔✔TRUE
In addition to cash reimbursements, schools receive "entitlement" and "bonus" USDA Foods" at no cost
in amounts at a per-meal-served rate (set annually).
TRUE
FALSE - ✔✔TRUE
The National School Lunch Program provides participating schools with...
A) cash subsidies.
B) USDA Foods.
C) both cash subsidies and USDA Foods. - ✔✔C) both cash subsidies and USDA Foods.
Which type of school cannot participate in the National School Lunch Program?
A) public
Verified | 2024 Version
What is the largest expense for most organizations?
A) health insurance
B) food
C) overhead
D) labor - ✔✔D) labor
Contribution margin is calculated with which formula?
A) beginning inventory + purchases - ending inventory
B) total meals divided by total labor hours
C) price - variable cost
D) total fixed cost + total variable cost divided by total labor hours - ✔✔C) price - variable cost
FTEs are...
A) the number of full-time employees.
B) thenumber of individual employees.
C) the number of salaried employees.
D) total labor hours divided by 40. - ✔✔D) total labor hours divided by 40.
What is the purpose of the determining your organization's "meal equivalent"?
A) It is a productivity ratio.
B) It can be used to equalize the value of selling individual food items.
, C) It is the only way to determine contribution margin.
D) There is no such thing as a "meal equivalent". - ✔✔B) It can be used to equalize the value of selling
individual food items.
It is important to consider the organization's objectives when setting prices.
TRUE
FALSE - ✔✔TRUE
All USDA food assistance programs are regulated at the federal level.
TRUE
FALSE - ✔✔TRUE
In addition to cash reimbursements, schools receive "entitlement" and "bonus" USDA Foods" at no cost
in amounts at a per-meal-served rate (set annually).
TRUE
FALSE - ✔✔TRUE
The National School Lunch Program provides participating schools with...
A) cash subsidies.
B) USDA Foods.
C) both cash subsidies and USDA Foods. - ✔✔C) both cash subsidies and USDA Foods.
Which type of school cannot participate in the National School Lunch Program?
A) public
