T24 Residency Hotel Head Waiter Interview Questions and Answers

Profit & loss is a financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

• Profit & loss statement summarizes a company's financial performance by showing revenues, expenses, and net income.

• Revenues are the income generated from sales of goods or services.

• Expenses are the costs incurred in running the business, such as rent, salaries, and utilities.

• Net income is the ...read more

Preparing a duty roster involves assigning shifts to employees based on their availability and skill set.

• Collect availability and preferences from employees

• Consider skill levels and experience when assigning shifts

• Ensure fair distribution of shifts among all employees

• Create a schedule that meets the needs of the restaurant and its customers

This question is about understanding variable cost, ideal cost, actual cost, and effective parameters of P&L.

• Variable cost refers to costs that change with the level of production or sales, such as raw materials or labor.

• Ideal cost is the cost that a business would incur if everything went perfectly according to plan.

• Actual cost is the cost that a business actually incurs, which may differ from the ideal cost due to un...read more