Restaurant Industry

1. The 2010 projected sales for the restaurant industry is:

A. $185 billion

B. $850 billion

C. $890 billion

D. $980 billion

E. $580 billion

2. This is the approximate percentage of the startup costs covered by the founders:

A. 25%

B. 50%

C. 75%

D. 15%

3. What type of business is the Restaurant set up as:

A. C-Corporation

B. LLC

C. Sole proprietorship

D. S-Corporation

4. By the time the Restaurant reaches a net profit around $90,000/year, what is the projected cost of insurance for that year?

A. Around $18,000

B. Around $8,000

C. Around $80,000

D. Around $9,000

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