AHLEI Chapter 1 Exam Questions and Answers

AHLEI Chapter 1 Exam Questions and Answers Account Receivable System - Ans ️️ -A system to account for revenue that is due (has been earned) but not yet collected Accural Accounting System - Ans ️️ -An accounting system that matches revenue generated with the expenses incurred to generate the revenue Commercial Food Service Operation - Ans ️️ -Food service operation found in lodging properties, clubs, restaurants, and other businesses; these operations exist to make a profit from food and beverage products. Contract Management Company (food services) - Ans ️️ -A for-profit company that operates food services for a noncommercial organization such as school or hospital Controlling - Ans ️️ -The management task of comparing actual results with expected results, as in measuring actual revenues against budgeted revenues. Controlling also refers to safeguarding the operation's property. Coordinating - Ans ️️ -the management task of assigning work and organizing people and resources to achieve the operation's goals and objectives Directing - Ans ️️ -The management task of supervising, scheduling, and disciplining employees. Supervising includes such things as training and motivating employees. E-commerce - Ans ️️ -All aspects of a business and market processes enabled by the internet and web-based technologies. Empowerment - Ans ️️ -The redistribution of power within an organization that enables managers, supervisors, and employees to perform their jobs more efficiently and effectively. The overall goal is to enhance service to guests and increase profits for the organization by releasing decision making responsibility, authority, and accountability to every level within the organization