MDP Short P & L - Level 2

23 Questions | Total Attempts: 40

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MDP Short P & L - Level 2 - Quiz

Questions and Answers
  • 1. 
    The short P&L is a consolidated report that shows trending and measurable information that helps us understand our successes and failures of our business.
    • A. 

      True

    • B. 

      False

  • 2. 
    What is the targeted inventory percentage for each store?
    • A. 

      17%-21%

    • B. 

      19%-23%

    • C. 

      18%-22%

  • 3. 
    A Declining Checkbook should be used to run a sucessful total operating expense.
    • A. 

      True

    • B. 

      False

  • 4. 
    What 3 things make up your prime costs?
    • A. 

      Food cost

    • B. 

      Beverage cost

    • C. 

      Occupancy cost

    • D. 

      Guest cost

    • E. 

      Labor cost

  • 5. 
    What are the four revenue centers in beverage revenue?
    • A. 

      Tap beer

    • B. 

      Bottled beer

    • C. 

      NA beverage

    • D. 

      Liquor

    • E. 

      Wine

  • 6. 
    Labor trackers is a tool used to successfully manage labor.
    • A. 

      True

    • B. 

      False

  • 7. 
    IROP is occupancy costs - IBO
    • A. 

      True

    • B. 

      False

  • 8. 
    M&R Log is a tool we use to help control our M&R cost.
    • A. 

      True

    • B. 

      False

  • 9. 
    What is the targeted food purchasing percentage?
    • A. 

      28%

    • B. 

      28.5%

    • C. 

      29%

  • 10. 
    The formula for calculating beverage cost is: beginning inventory + ending inventory - beverage sales
    • A. 

      True

    • B. 

      False

  • 11. 
    Add on's and upselling is the best way to increase your PPA.
    • A. 

      True

    • B. 

      False

  • 12. 
    What 2 types of waste are on the beer waste report?
    • A. 

      Tap waste and bottle beer waste

    • B. 

      Tap waste and production waste

    • C. 

      Brewery waste and tap waste

  • 13. 
    The formula for food cost is: beginning inventory + purchases - ending inventory / sales
    • A. 

      True

    • B. 

      False

  • 14. 
    Time in Motion is designed to increase productivity?
    • A. 

      True

    • B. 

      False

  • 15. 
    What is calculated in SPLH?
    • A. 

      AMP

    • B. 

      Training

    • C. 

      Manager

  • 16. 
    What group of sales do you use to calculate productivity in the BOH?
    • A. 

      Total sales

    • B. 

      Total food sales

    • C. 

      Total food sales - NA bev

  • 17. 
    Which tab or tabs can you find turnover information?
    • A. 

      Execution Stats

    • B. 

      Prime Costs

    • C. 

      Theoretical Costs

  • 18. 
    When should your brunch tracker be completed and turned in?
    • A. 

      Every Sunday

    • B. 

      Every Monday

    • C. 

      Every Saturday

  • 19. 
    What tools make up the Guest Value percentages on the guest value tab of the short P&L?
    • A. 

      Quarterly shop scores

    • B. 

      Marketing report

    • C. 

      Quarterly guest survey scores

    • D. 

      Total operating tab

  • 20. 
    What reason would you do a paid out for office supplies?
    • A. 

      If you run out of necessary supplies.

    • B. 

      If your order has not come in on time

    • C. 

      You wouldn't because you should order them online through our purveyor

  • 21. 
    We want to avoid paid outs to ensure consistency and cost.
    • A. 

      True

    • B. 

      False

  • 22. 
    Where do we track kids promotions?
    • A. 

      Weekly promotions tab

    • B. 

      Marketing report and marketing tab

    • C. 

      Food cost tab

  • 23. 
    What day do you start running daily OT reports?
    • A. 

      Monday

    • B. 

      Thursday

    • C. 

      Friday

    • D. 

      Everyday

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