Answer:
In order to be <u>sustainable in the hospitality industry</u>, a company (restaurant) needs to implement the sustainability approach across more levels. The sustainable practices that differ Acorn House from non-sustainable restaurant are composting waste (minimizing actual waste), sourcing local ingredients (economically stimulating the region, while the carbon footprint of the ingredients is minimized) and investing in the training and development of their staff to learn the pillars of eco cuisine.
Answer:
A.True
Explanation:
a person who sets up a business or businesses, taking on financial risks in the hope of profit.
Answer:
taking a physical count of inventory on hand
Explanation:
The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.
Answer: D. Both countries
Explanation:
The options include:
A. neither country
B. the country with lower production costs
C. the country with higher production costs
D. both countries
Comparative advantage occurs when a particular country produces a certain goods based on the fact that it has a lower opportunity cost of its production when compared to the other country. This typically occurs in international trade.
Comparative advantage is beneficial to both countries that are involved as the countries purchase the goods that it doesn't have a comparative advantage in from the other country.
Answer:
The correct answer is C
Explanation:
Cost of goods manufactured (COGM) also known as the cost of the goods completed, it computes the aggregate value of the inventory which was produced during the year and is ready for sale in the market.
The budgeted amount of COGM is computed in the same way as the actual cost of goods manufactured is computed, except the budgeted amounts, the formula is:
COGM = Direct Labor Used + Direct Materials Used + Manufacturing Overhead applied + Work in Progress Inventories (Beginning WIP inventory + Ending WIP Inventory.
