The budgeting process for not-for-profit organizations is different than the budgeting process for for-profit organizations in some aspects. They are:
Budgeting process for for-profit organizations may come in several perspectives (master budget, operating budget, cash flow budget, and static budget). Budgeting process for not-for-profit organization consists of 2 types of budget (capital budget and operating budget).For-profit organizations based their budgets on their projected income. Not-for-profit organizations construct their budget based on their expenses.Not-for-profit organizations implement one of non-profit budgeting approaches to build their budgeting plan.Not-for-profit organizations include non-monetary contributions in their budgetsLet's discuss each point deeply.
Budgeting for for-profit organisations may represent different perspective on their financial status, including:
Master budgetOperating budgetCash flow budgetStatic budgetNot-for-profit organizations often have to deal with overlapping categories and constant budget modifications. Hence, not-for-profit organizations use 2 types of budget: Capital and operating budgets.
Capital budget includes all projects that have an ongoing impact on an organization's operations. Capital budgets also consists of major expenses. Operating budget provides more breakwodn of an annual projected expenses and revenues according to different funding sources, operating expenses for each program, and overhead costs. Operating budget provides a financial picture of the activities an organization has planned for the coming year.
For-profit organizations start their budgeting expense by budgeting their prospective income. However, not-for-profits use their projected expense to build their budgets. This case happen because the main purpose is to provide benefits to the general public and not aiming for profit or cash income. Most of their income came in a form of donations which is most likely unpredictable.
There are several common nonprofit budgeting approaches that not-for-profits can use to build their budgets efficiently. These approaches are:
Program-based approach: focusing budgets on a particular activityFund-based approach: Treats each funding source as a separate entity and reports transaction based on activities that generate fundsIncome-based approach: Determines how much income is assured over a period, then adds in expenditure that can be covered by that amountIncremental approach: Consider the previous fiscal year's budget to prepare the current year's budgetZero-based approach: Creates a budget with no consideration to previous year's income or expenses.When budgeting, not-for-profit should include their nonmonetary contributions because they are also part of the organizations' assets and valuable to create impacts. Some example of those nonmonetary contributions are:
Goods: office equipment, furniture, safety kitsServices: meeting space, administrative supportsExpertise: skills, marketing, customer supportsTimeLearn more about Not-for-Profit Budgeting here: https://brainly.com/question/24243773
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choose the groups of performance measures typically used in the balanced scorecard approach.
The groups of performance measures typically used in the balanced scorecard approach is financial, internal company processes, learning and development and customer views are the four categories that make up the balanced scorecard strategy.
Client definition: An individual or company who orders products or services from this other company is known as a customer. Customers are significant since individuals bring in money. Organizations could end
their existence absent them.
Customer service is defined as...
Customer care is the assistance you provide to your clients to make their interactions using company simple plus exciting, both when and when they obtain and utilize your products or services. If you wish to keep clients but instead scale your business, you
must provide exceptional service.
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mainstream economists have adopted some ideas from ret and some rational expectations assumptions are being incorporated into current macroeconomic models. group of answer choices false true
The term "mainstream economics" refers to the orthodox or "neoclassical" school of thought in which all participants are rationally motivated and markets are guided by an invisible hand. Adam Smith's ideas are where modern economics got its start.
What do mean by Mainstream economists ?
The dominant theory envisions an economic system in which there can never be a crisis, i.e., a system in which:
1) monetary authorities control money supply but not credit supply, which depends on saving decisions;
2) banks are merely intermediaries that do not create risks; and
3) the process of wealth creation.
Economic theories that depart from conventional wisdom or neoclassical principles are referred to as heterodox. Despite the fact that the majority of economists support traditional economic theories, they frequently turn to neoclassical notions of market equilibrium and rationality.Prices are lowered in a market where there is competition. The economy as a whole benefits from more individuals having the means to purchase goods, which is excellent for consumers as well as businesses.To know more about "mainstream economics" please click here ; https://brainly.com/question/29670291
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pedro is the fastest package handler in your company. when you give him his annual performance review, you discount his misplacing of a few packages as a fluke. of what is this is an example? selective perception the contrast effect projection the halo effect
Pedro is your company's fastest package handler. You ignore the fact that he lost a few parcels when you give him his annual performance review as an example of what the halo effect, selective perception, and the contrast effect.
The process through which people decide which stimuli to focus on out of the numerous options that are constantly being provided to their senses.
Selective perception: People perceive what they see differently depending on their interests, experiences, backgrounds, and attitudes. Projecting one's own traits onto others is known as projection. The halo effect is the process of forming an overall opinion of a person from only one trait.
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because it allows clients and investors, who might not be familiar with more evolved tools, to visualize the entire project at a glance, one of the first creations of a project manager is a
because it allows clients and investors, who might not be familiar with more evolved tools, to visualize the entire project at a glance, one of the first creations of a project manager is a PERT network chart. Thus option B is correct.
What is a Project manager?A Project manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it.
The project management tool used to design, arrange, and oversee a project's tasks is the PERT chart. Project managers can analyze each individual piece of the project's work by breaking it down into its component parts using the graphical roadmap it provides.
Therefore, option B is appropriate.
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true or false: online review websites like yelp and tripadvisor should not be used for conducting reputation management
Online review websites like yelp and TripAdvisor should not be used for conducting reputation management. This statement was false. Thus, option (b) is correct.
What is websites?World Wide Web pages that are typically linked to one another and are made available on the internet by a personal, firm, or institution. A list of web of websites pages and related stuff that share a similar domain name and are hosted on at least a Single.
According to the online reputation management, are the review websites are the used for the attract the customer for the increases the views on the website. It was the strategies to conducting reputation management.
As a result, the statement was false. Therefore, option (b) is correct.
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what is the present worth of a two-part legal settlement if the interest rate is 4%? $100,000 is received at the end of year 1 and $400,000 at the end of year 5.
424924.69 dollars are the present value. Here, r is 4%. So, PV = 100000/1.04 + 400000/1.045 = 96153.85 + 328770.84 = 424924.69$.
The present value of a sum of money or stream of cash flows that will occur in the future at a specific rate of return (PV). Future cash flows are discounted using the discount rate, and as the discount rate rises, so does the present value of those future cash flows.
The term "present value" refers to the value of a sum of money now, given its future value. The present value, for instance, is the value of $110 right now if you are promised it in a single year.
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in a franchise, a franchisor pays a franchisee for the right to use its name, product, and methods of operation. group of answer choices true false
A franchisor pays a franchisee for the right to use its brand, product, and methods of operation in a franchise. It is false.
What is the definition of method in operations management?The examination of how work is done is known as methods analysis. Whereas job design displays the framework of the job and names the tasks inside the structure, methods analysis specifies the tasks and how to execute them. Methods evaluation. The process relates to the specific steps required to complete a task. It simply refers to the end-to-end procedure of moving and storing finished and unfinished products supply. A vehicle manufacturing company, for example, will store and move autos (or their parts) in a methodical manner.
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on july 31, aloe inc. received $5,000 cash from a customer who previously purchased aloe's products on account. what entry should aloe inc. record at the time it receives cash?
Aloe should record, debit cash, $5,000; credit accounts receivable, $5,000. Therefore, option (C) is the correct answer.
The proceeds or money that the business will receive from its clients who have financed their purchases of its goods and services are known as accounts receivable (AR). The credit term is often brief, ranging from a few days to several months or even a full year in rare situations.
Receivable describes a payment that has not yet been realised. This implies that the business must have given its clients a credit limit. Typically, the business offers both cash and credit when selling its products and services.
When a business gives a customer credit, the sale occurs when the invoice is created, but the business gives the customer a grace period to pay the balance later.
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Complete Question:
On July 31, ALOE Inc. received $5,000 cash from a customer who previously purchased ALOE's products on account. What entry should ALOE Inc. record at the time it receives cash?
A) Debit Cash, $5,000; credit Service Revenue, $5,000.
B) Debit Accounts Receivable, $5,000; credit Cash, $5,000.
C) Debit Cash, $5,000; credit Accounts Receivable, $5,000.
D) Debit Cash, $5,000; credit Accounts Payable, $5,000.
what are problem-orientated frameworks for additional assessment based on problem identification items that form a critical link to decisions about care planning?
Resident assessment protocols are problem-orientated frameworks for additional assessment based on problem identification items that form a critical link to decisions about care planning.
A business framework model explains how a company develops, delivers, and collects value in a variety of contexts, including social, cultural, and economic ones. Business strategy includes the development and change of business models, which is often referred to as business model innovation. In both theory and practice, the term "business model" refers to a wide range of informal and formal descriptions that characterize the fundamental elements of a company or organization, such as its mission, its strategy, its target market, its offerings, its organizational structure, its sourcing methods, its trading practices, and its operational procedures and policies, including its culture. Business models are defined as the organizational structures that are created to implement a commercial opportunity through a methodical evaluation and analysis of management survey results. Extensions of this design logic that place more emphasis on story or coherence in business model descriptions highlight the methods through which entrepreneurs build incredibly successful growth companies.
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how does contractionary monetary policy affect real gdp, unemployment, and the price level in the short run?
The contractionary monetary policy affects by decreasing real GDP, rising unemployment rate and falling price level
Contractionary monetary policy refers to actions taken by a central bank, to reduce the supply of money in the economy and tighten credit conditions. This type of policy is typically implemented in an effort to curb inflation or stabilize financial markets. In the short run, contractionary monetary policy can have a number of effects on the economy. These effects may include:
Increasing real GDP: The policy can lead to a decrease in aggregate demand, which can result in a decrease in real GDP in the short run. However, if the policy is successful in reducing inflation, it may lead to an increase in real GDP in the long run.
Falling unemployment rate: The policy can lead to a decrease in economic activity and job creation, which may result in a rise in the unemployment rate in the short run. However, if the policy is successful in reducing inflation, it may lead to a fall in the unemployment rate in the long run.
Rising price level: The policy can lead to a decrease in the supply of money and credit, causing price level to rise in the short run. However, if the policy is successful in reducing inflation, it may lead to a decrease in the price level in the long run.
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g investor-owners of a corporation are called which of the following? select one: a. profit and loss owners b. shareholders c. limited partners d. profit owners
B is the correct answer. A shareholder is someone who holds at least one share of a company's stock or unit in a mutual fund.
A shareholder can be an individual, business, or institution. Ownership of the corporation, in essence, rests with the shareholders, who also have specific obligations. They can benefit from a business's success thanks to this sort of ownership.
Increased stock prices or dividend payments are two ways that these benefits are given forth. In contrast, a company's share price will always fall when it experiences a loss, which might result in financial losses for shareholders or a deterioration in their portfolios.
Anyone who owns stock in a corporation—whether they are an individual, business, or institution—is a shareholder.
One share is the minimum amount that a shareholder of a firm may own.
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Point-of- are product aociation that are not necearily unique to the brand but may in fact be hared with brand
Points-of-parity are those associations not necessarily unique to the brand but perhaps shared with other brands. those associations designed to negate competitors' points-of-difference or overcome perceived weaknesses or vulnerabilities of the brand.
A brand requires points of parity in order to be taken into account by the consumer. In this case, a brand's similarity to others may give customers the impression that it is "good enough" to be discussed.
Any area in which your company is equivalent to that of your rivals and is taken into account by clients when making purchases is known as a point of parity. The characteristics of goods or services that create differentiation are referred to as their point of difference.
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John is interested in purchasing a multi-office building containing five offices. The current owner provides the following probability distribution indicating the probability that the given number of offices will be leased each year.
Number of Lease Offices 0 1 2 3 4 5
Probability 5/32 3/16 3/32 1/4 9/32 1/32
If each yearly lease is $12,000, how much could John expect to collect in yearly leases for the whole building in a given year?
In the given year, John may anticipate earning $29,090.91 in annual rent for the entire building.
Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
E (X) = 0 * (10 / 33) + 1 * ( 1 / 33) + 2 * (7 / 33) + 3 * (1 / 11) + 4 * (4 / 33) + 5 * (8 / 33) = 2.424
E (X) = 12000 * 2.424 = 29090.9
E (X) = $29,090.91
As a result, John may anticipate earning $29,090.91 in annual rent for the entire building in the given year.
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the trend within organizations is to move towards variable pay and expanded eligibility compared to fixed pay structures. group of answer choices true false
The statement id False, the trend within organizations is to move towards variable pay and expanded eligibility compared to fixed pay structures.
A firm, institution, group, or other type of body made up of one or more people and serving a specific function is referred to as an organizations. A wide range of legal entities exist, including corporations, governments, non-governmental organizations, political groups, international organizations, armed forces, charities, for-profit businesses, partnerships, cooperatives, and educational institutions, among others. A hybrid organization is one that performs public functions and creates commercial market activity simultaneously in the public and private sectors. A volunteer-run organization is referred to as a voluntary association. Depending on the jurisdiction, these organizations, such as informal clubs or coordinating bodies, may be able to operate without having to comply with legal requirements. These organizations must have a goal in mind, which it is possible for them to express through a manifesto, mission statement, or in a more informal way by how they act. In the case of secret societies, criminal organizations, and resistance groups, organizations may also function covertly or unlawfully. Additionally, in some circumstances, other groups (such as MLK's organization) may present impediments.
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declining to participate in activities that an employee believes would be harmful to others is the same as whistleblowing. true or false
The answer is true. The issues, like fraud, that constitute whistleblowing as a crime. Someone's safety and health are in jeopardy. environmental risk or real environmental harm. a falsification of the law.
The phrase "whistleblowing" is used when an employee divulges information about wrongdoing. This is referred to as "making a disclosure" or "blowing the whistle" in this guidance. Usually, but not always, the wrongdoing will be something they have seen at work. Whistleblowing, or informing a third party of someone else's unethical activity, poses an ethical environmental. Whistleblowing can appear noble in some the circumstances but repugnant in others.
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a group of managers from various departments is in charge of evaluating the performance of the staff employees every year. this is a(n)
a group of managers from various departments is in charge of evaluating the performance of the staff employees every year. this is a standing committee.
Members of Parliament, or MPs, make up a standing committee of the Indian Parliament. It is a regular, permanent committee that is occasionally created in line with a parliamentary legislation or the procedures for conducting business. These parliamentary committees handle a sizable percentage of the work that the Indian Parliament does because of the complexity and volume of that activity.
The committee structures in the Rajya Sabha and Lok Sabha, both Houses of Parliament, are similar with a few minor exceptions. Their election, terms in office, duties, and administrative procedures are basically the same.
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a taxpayer bought a rental property in year 1 for $150,000. for years 1 and 2 the following was reported: year property (loss) agi 1 ($15,000 ) $ 100,000 2 (10,000 ) 140,000 in year 3, the property was sold for $175,000. the taxpayer did not actively participate in the rental activity in any of the three years. what amount of gain or loss, if any, is reported on the taxpayer's year 3 tax return as a result of the sale?
The amount of gain or loss that taxpayer is required to declare as a result of the sale on taxpayer's Year 3 tax return is $0. Taxpayer didn't engage in rental activity in any of the three years, therefore it wasn't active and there was no deduction.
What exactly qualifies as active involvement in a rental property?Approving new tenants, setting rental terms, approving expenditures, and other similar actions are examples of management decisions that count as active participation. Active involvement in rental real estate activities is limited to people.
Are losses from passive activities permanently lost if a taxpayer is unable to claim them during the current tax year?The loss can be carried forward until it is utilised or until the investment that produced the loss is sold if your client is unable to deduct a passive loss for the tax year due to a lack of passive income to offset it.
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vertical analysis of financial statements is accomplished by preparing common-size statements. t or f
True, the vertical analysis of financial statements is accomplished by preparing common-size statements.
Each line item in the income statement or balance sheet is expressed as a proportion of the total assets using vertical analysis. To create common-size statements, these percentages are computed. To determine how each line item fits into the overall picture of an income statement, balance sheet, or cash flow statement, we can utilize vertical analysis.
A type of examination and interpretation of the financial statement is the common size statement. Another name for it is vertical analysis. With this approach, each line item in the financial statements is analyzed in relation to the base amount for that specific accounting period.
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Amounts earned from delivering goods or services to customers are called ________.
A) notes receivable
B) unearned revenues
C) revenues
D) withdrawals
Amounts which earned from delivering goods or services to customers are called revenues. It is option C.
It is revenue because the money earned after delivering goods or services to customers.
What is revenue?Revenue is the money acquired by a company received mainly from the sale of its services or products to customers. A sales revenue is obtained when the seller previously delivered the goods being bought by the seller.
Revenue, also known as gross sales, is frequently referred to as the top line since it sits at the top of the income statement. Income itself, or net income, is a company's total profit or earnings.
Types of revenue include: the sale of goods, products, or merchandise; the sale of services, such as consulting; and, rental income from a commercial property.
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which of the following is not one of the common methods for producing a net charge on an object?
Production of additional charges of a particular sign by strong pressurization or depressurization is not one of the common methods for producing a net charge on an object.
"Net" refers to the sum after positive and negative charges have been included. When an atom contains more electrons than protons, this is referred to as having a net charge on it. Because the charges add up to positive and negative values, the +1 charge entirely cancels out the -1 charge. The SI unit for net charge is the coulomb.
If there are more protons than electrons, the net charge of the thing is positive. If an object has more electrons than protons, it has a negative charge. If the protons and electrons in a thing are equal, the object is electrically neutral.
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in sap erp, sales order management process, a billing document is created. when a billing document is saved, in sap erp, what integration points occur?
When a billing document is saved in SAP ERP, there are several integration points that occur. These include:
The billing document is linked to the sales order that it was created from, which allows the system to update the sales order with the billing information.
The billing document is linked to the customer's account, which allows the system to update the customer's account balance with the amount of the billing document.
The billing document is linked to the financial accounting module, which allows the system to update the financial records with the billing information.
The billing document is linked to the material management module, which allows the system to update the inventory records with the quantity of goods that were billed.
Overall, when a billing document is saved in SAP ERP, several integration points occur in order to update the relevant information in the system.
Which of the following taxes are allowed as deduction while computing the business income?A. Wealth-taxB. Income-taxC. Sales taxD. None of the above
Sales tax is allowed as a deduction while computing the business income
Sales tax is a tax that is imposed on the sale of goods and services, and it is typically paid by the consumer. Businesses are required to collect the tax from their customers and remit it to the appropriate tax authorities. However, businesses may be able to claim a deduction for sales taxes paid on purchases.
These are the purchases that are used for business purposes and are not considered to be personal expenses. In order to claim this deduction, businesses must be able to provide documentation of the sales tax paid, such as receipts or invoices. The business must consider the rules for deducting sales tax may vary depending on the specific tax laws of the jurisdiction in which the business is located.
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What is one way that economics can influence your daily life?by forcing a decision on a career pathby limiting your ability to save moneyby helping you understand that every choice has a tradeoffby determining if goals are actually worthwhile.
The creation, transport, and consumption of goods and services are all subjects of social science economics.
What does production actually mean?Producing something is the act of creating something out of components or raw resources. To put it another way, production employs inputs to produce an output that is fit for consumption—a good or product that has value for a customer or end-user.
What does production serve to produce?"The purpose of production is to meet the demand for such converted resources," according to the definition of production as "the organised activity of changing resources into end goods in the form of goods or services."
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the term consumer sovereignty refers to: group of answer choices the fact that the consumer is king in a market economy, and this dictator will harshly punish any firm that does not quickly respond to his dollar votes. the fact that the consumer is ruled by the corporation and must play by its set of rules. the fact that the government is ruled by the consumer, which in turn is ruled by the corporation.
Consumer sovereignty refers that consumer is king in a market economy.
The correct option is a.
The economic principle of "consumer sovereignty" holds that the customer has some control over the products that are produced and that they are the best arbiters of their own wellbeing.
The ability of consumers to decide what end goods should be made from scarce resources, as opposed to the owners of those resources, is known as consumer sovereignty in production. The idea that consumer demand drives the creation of products and services is occasionally put up as a hypothesis .
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leadership is the ability to marshal human, informational, and other resources to get something done.truefalse
It's untrue to say that leadership is the capacity to coordinate people, information, and other resources.
What is information?Information is a general term for everything with the capacity to inform. Information is most fundamentally concerned with the interpretation of what may be sensed. Any naturally occurring process that is not entirely random, as well as any discernible pattern in any medium, can be said to convey some level of information.
The main goal of relationship-oriented leadership behavior is to make sure that people, tools, and other resources are used effectively to carry out a group's or organization's mission. Leadership in the initiation of structures is more focused on task completion than on employee retention or happiness. information
Therefore, The Coordination of people, information, and other resources is a quality of leadership.
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what is created when team members articulate and agree upon the goals, roles, leader, decision-making process, and meeting times for the team?
When team members clearly and mutually agree on the team's goals, positions, leader, procedure for making decisions, and meeting times, a team contract is produced.
The standards that are anticipated of all team members are laid out in a team contract.
It is approved during a team meeting and signed by all participants. Its purpose is to clearly define each team member's responsibilities while also fostering a supportive and collaborative environment.
A team contract is most frequently utilized when a new team is formed since it can assist the team come together and provide clear obligations for members who may be unfamiliar with the division or organization.
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if business schools take the approach that their students are a product of the school, who would be the customer?
the teachers
Explanation:
mashasito is borrowing $18,000 to buy a car. the terms of the loan call for monthly payments for three years at 6 percent interest. what is the amount of each payment?
The amount of each payment is $547.59.
Payment Amount means any loan advance unpaid administrator advance, unpaid indemnification liability, or any other amount required to be funded by Lender under this Agreement. Monthly installments are the amounts paid each month to pay off the loan over the term of the loan.
When you take out a loan, you have to repay not only the principal and the amount you borrowed, but also accrued interest. The total invoice amount is the expected payment amount on the invoice date. This includes opening balances new purchases fees, funding costs less previous payments, or other outstanding balances.
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describe the difference between independent and dependent demand and give an example of each for a pizza restaurant
Demand for a production plan, any such laptop, motorbike, or pizza, is considered to as independent demand. Demand for subcomponents or structural components, on the other hand, is known as dependent demand.
For example, this would include the computer systems in the computer, the pedals on the motorcycle, or the mozzarella on the pizza. When demand for an item is independent of desire for other items, that item is considered to fall under the category of independent demand. final products Independent demand items are those that are produced for stock and sale or ordered by external customers. Dependent demand items, also known as components, structural components, produced parts, purchasing parts, and agricultural products, are goods whose consumption is generated by the one-by-one estimate based on independent demand items, such as goods and service parts.
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people like waitstaff, bartenders, dining room managers, and hosts are expected to dress and act appropriately to interact with patrons and work as part of what staff? front of the house line cooks back of the house sanitary crew
Front-line staff such as reservationists,parking attendants, hosts and receptionists,bartenders,servers,and bus staff,are primarily responsible for them.
In this type of service,diners take plates from the stack and head to the buffet counter where food is stored in large pans and trays with burners. Guests can serve themselves,or they can ask the server behind the buffet table to serve.A host or hostess is responsible for greeting, welcoming, and seating customer as they enter a restaurant or dining room.The waiters prepare the tables for the new customers by removing the dirty dishes. and cleaning the table top. Since they spend a lot of time in the dining room, they must wear clean aprons and adopt a professional attitude.The waiter, using two large silver serving forks in his hand, places the food on the guests' plates.Each food is served by the waiter from sources to their individual plates.
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