Account Receivable System
A system to account for revenue that is due (has been earned) but not yet collected
Accural Accounting System
An
... [Show More] accounting system that matches revenue generated with the expenses incurred to generate the revenue
Commercial Food Service Operation
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)
A for-profit company that operates food services for a noncommercial organization such as school or hospital
Controlling
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
the management task of assigning work and organizing people and resources to achieve the operation's goals and objectives
Directing
The management task of supervising, scheduling, and disciplining employees. Supervising includes such things as training and motivating employees.
E-commerce
All aspects of a business and market processes enabled by the internet and web-based technologies.
Empowerment
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.
Evaluating
The management task of 1) reviewing the operations progress towards the organizational goals, 2) measuring employees performance, 3) Assessing the effectiveness of training programs.
Finishing Kitchen
A work area used to complete the preparation of food produced in the central kitchen and/or reheat food prepared elsewhere.
Full-service Hotel
A hotel offering extensive food and beverage services, including table service alternative.
Hospitality industry
The industry composed of lodging operations and food operations for people when they are away from home.
Labor Intensive
The concept that people must do work tasks and cannot be replaced by machines.
Management Components
Activities for managing available resources: planing, organization, coordinating, staffing, directing, controlling, and evaluating.
Noncommercial Food Service Operations
Organizations such as schools, nursing homes, hospitals, and military services that are non-profit and exists primarily for reasons other than provide food and lodging services.
Operating Control Cycle
A system that divides food and beverage operations into a series of activities required to provide food and beverage products to guests.
Organizing
The management that attempts to best assemble and use limited human resources to attain organizational objectives. It involves establishing the flow of authority and communication among people.
Planning
The management task of creating goals, objectives, and programs of action to reach those goals and objectives. It is required before undertaking other management tasks.
Point-of-Sale (POS)
An electronic register that instantly capture information about sales transactions and manages the ordering of service of menu items in one or more restaurants/bars.
Revenue Center
a revenue-producing department within a hospitality operation [Show Less]