Which of the following is not one of the common examples of indirect spend?
a. Professional and consulting services
b. Employee benefits.
c. Travel.
d. Maintenance, repair, and operating supplies.
e. Production components.
e
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Answer the following statements true (T) or false (F)
1. Every guest responds differently to the services-cape. 2. The space layout of chairs and tables in a casual-dining restaurant is typically similar to the layout of chairs and tables in a fine-dining restaurant. 3. Temperature, humidity, air quality, smells, sounds, and light are all ambient conditions in the service environment. 4. Excess random information will quickly overtax the capacity of the guest’s mind to comprehend the environment, leading to frustration or confusion.
Sales force management refers to hiring and training the sales force
Indicate whether the statement is true or false
The Statement of Cash Flows indicates the cash inflows and outflows from
a. investing, financing, and borrowing activities. b. operating, investing, and sending activities. c. merchandising, financing, and investing activities. d. operating, investing, and financing activities.
Cost-volume-profit analysis is based on certain general assumptions. Which of the following is not one of these assumptions?
A. The efficiency and productivity of the production process and workers will change to reflect manufacturing advances. B. Product prices will remain constant as volume varies within the relevant range. C. Costs can be categorized as fixed, variable, or semivariable. D. Total fixed costs remain constant as activity changes. E. Unit variable cost remains constant as activity changes.