AHLEI Chapter 1 2024/2025 updated Questions And Answers 100% correct Verified

Account Receivable SystemA system to account for revenue that is due (has been earned) but not yet collected Accural Accounting SystemAn accounting system that matches revenue generated with the expenses incurred to generate the revenue Commercial Food Service OperationFood 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)A for-profit company that operates food services for a noncommercial organization such as school or hospital ControllingThe 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. Coordinatingthe management task of assigning work and organizing people and resources to achieve the operation's goals and objectives DirectingThe management task of supervising, scheduling, and disciplining employees. Supervising includes such things as training and motivating employees.