Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
14 Cards in this Set
- Front
- Back
|
State the difference between an On-Sale and Off-Sale license.
|
On-Sale license allows you to sell alcohol for consumption either on or away from the premises, whereas, Off-sale allows only off-site consumption.
|
|
|
Define the personal guarentee of a credit application.
|
Personal guarentee means whoever signs there will be sure to square the account should the balance fall below zero even if it is because your business has gone under.
|
|
|
State 3 methods of grouping items on a wine list.
|
Price
Varietal Region Style Etc. |
|
|
State the formula for calculating product cost.
|
Beginning Inventory + Net Purchases – Ending Inventroy = PC$ / Sales = PC %
|
|
|
State the national average for wine cost %.
|
36%
|
|
|
State the average wine mark-up needed to achieve 33% wine cost, not accounting for shrinkage.
|
3 times the purchase price.
I.E. $10 Bottle sold on menu for $30 so cost is therefore 33%. |
|
|
State the restrictions under California Tied House Laws.
|
Regulates wholesale - retail relationship.
Illegal □ Unpublished discounts □ More than 1 free sample per product □ Wholesale investment in retail □ Free services □ Cash kickbacks or gifts |
|
|
State the restrictions under California Dram Shop Laws.
|
Regulates retail - consumer relationship.
Illegal □ Serving after hours □ Serving minors □ Serving intoxicated persons or known alcoholics □ Licensee responsible for other illegal activity on premises |
|
|
Name the parties who could be held liable in an alcohol related wrongful death lawsuit.
|
The Bartender, the Server, the owner, and even an absentee owner.
|
|
|
Define the term Control State.
|
Where the state is the retailer and wholesaler.
|
|
|
Name the levels of the 3-tier distribution system.
|
Producer
Wholesaler Retailer |
|
|
Define the term Blue Laws.
|
Any law designed to impact conduct on the Sabbath.
|
|
|
Name the levels of the 3-tier distribution system.
|
Producer
Wholesaler Retailer |
|
|
Define the term Blue Laws.
|
Any law designed to impact conduct on the Sabbath.
|
