Contracts
True or False: we never operate a location without a signed contract?
False
What tool can be used like a declining balance checkbook to monitor food spend?
Expense Budget Tool (EBT)
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Contract
What is the formula to calculate Food Cost (COGs)?
Beginning inventory + Purchases +/- Transfers - Ending Inventory
Where are the Olympic Games being held this year?
Paris
What does the acronym CBA stand for?
Collective Bargaining Agreement
What does the acronym PFS stand for?
Planning & Forecasting System
This report shows a company or Client's financial performance over a specific accounting period.
Income Statement
What is the difference between productive and non-productive hours?
Non-Productive hours are paid non-hours worked (example: holiday, vacation, pto)
What city was the first Olympic Games Aramark served at?
Mexico City- 1968
An _______ is required to make changes to a contract.
Amendment
What tool helps calculate allowable hours?
Labor Scheduling Tool (LST)
This measures how well a company generates cash to pay its debt obligations, fund operating expenses, and fund investments.
Cash Flow Statement
What are the four steps of the labor management process?
Forecast, Schedule, Manage, Improve
An annual tradition, what plunge is a fundraising effort benefiting the Special Olympics and athletes?
Polar
Name all of the four typical contract types.
Straight P&L
Limited P&L
Fee- Subsidy/ Cost Plus
Hybrid
When does inventory need to be finalized in PRIMA Web?
Before it uploads to GFF on Thursday night at midnight.
The amount of money owed to a business by customers for goods or services provided.
Accounts Receivable (AR)
What are the 5Ps of food production?
Plan, Product, Production, Portion, Post-Analysis
Where was the first modern Olympic Games played?
Athens- 1896