Multiple choice business quizz

1, What type of business is the Restaurant set up as:

A.C-Corporation

B. LLC

C. Sole proprietorship

D. S-Corporation

2, By the time the Restaurant reaches a net profit around $90,000/year, what is the projected cost of insurance for that year?

  • Around $18,000
  • Around $8,000
  • Around $80,000
  • Around $9,000

3. 3. How many units approximately of sale are projected for the Restaurant to break even?

A. 13,000

B. 97,000

C. 130,000

D. 9,700

4. What is the company Unique Selling Proposition?

A. Offer professionally cooke meals for an upscale clientele

B. Offer upscale meals at affordable prices

C. Offer home-style meals in a home-like setting.

D. Offer fast-food style meals for delivery only

5. Check only the strengths the restaurant believes to have:

A. Prime location with easy access to major road.

B. Exceptional customer service.

C. Existence of customer base.

D. Existing relationships with vendors

F. Large selection of specials ready to roll

G. Cheap labor

E. High margins

6. Mark all market trends identified on the business plan.

A. Locally sourced meats and seafood

B. Internationally sourced produce.

C. Nutritious kids’ dishes

D. Gourmet cuisine

7. Mark all the main competitors identified on the business plan:

A. Hedarys restaurant

B. Applebees

C. Chili’s

D. Pizza Hut

8. The administration is seriously considering the purchase of a POS, as that will help them with the following reports (mark all that apply):

A. Daily Cash Control

B. Weekly Prime Cost Report

C. Future Services

D. Purchasing Records/Payables

E. Payroll Processing

9. The 2010 projected sales for the restaurant industry is:

A. $185 billion

B. $850 billion

C. $890 billion

D. $980 billion

E. $580 billion

10. This is the approximate percentage of the startup costs covered by the founders:

A. 25%

B. 50%

C. 75%

D. 15%

11. What type of business is the Restaurant set up as:

A. C-Corporation

B. LLC

C. Sole proprietorship

D. S-Corporation

12. By the time the Restaurant reaches a net profit around $90,000/year, what is the projected cost of insurance for that year?

A. Around $18,000

B. Around $8,000

C. Around $80,000

D. Around $9,000

13. How many units approximately of sale are projected for the Restaurant to break even?

A. 13,000

B. 97,000

C. 130,000

D. 9,700

14. What is the company Unique Selling Proposition?

A. Offer professionally cooke meals for an upscale clientele

B. Offer upscale meals at affordable prices

C. Offer home-style meals in a home-like setting.

D. Offer fast-food style meals for delivery only.

15. Check only the strengths the restaurant believes to have:

A. Prime location with easy access to major road.

B. Exceptional customer service.

C. Existence of customer base.

D. Existing relationships with vendors

E. Large selection of specials ready to roll

F. Cheap labor

G. High margins

16. Mark all market trends identified on the business plan.

A. Locally sourced meats and seafood

B. Internationally sourced produce.

C. Nutritious kids’ dishes

D. Gourmet cuisine

17. Mark all the main competitors identified on the business plan:

A. Hedarys restaurant

B. Applebees

C. Chili’s

D. Pizza Hut

18. The administration is seriously considering the purchase of a POS, as that will help them with the following reports (mark all that apply):

A. Daily Cash Control

B. Weekly Prime Cost Report

C. Future Services

D. Purchasing Records/Payables

E. Payroll Processing

19. The 2010 projected sales for the restaurant industry is:

A. $185 billion

B. $850 billion

C. $890 billion

D. $980 billion

E. $580 billion

20. This is the approximate percentage of the startup costs covered by the founders:

A. 25%

B. 50%

C. 75%

D. 15%

 

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