
Students will learn the difference between the information in balance sheets and income statements.
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Students will learn how to analyze financial reports to make informed business decisions.The student will learn how to select and analyze financial reports to guide spending in marketing, inventory, staffing, etc.

In this lesson, the student will learn how to use management information to guide business decisions. Student progress and grades may be tracked from the Instructor page. Students click Run SIM and follow the lesson instructions. Students take the reading quiz (optional). Students complete the reading assignment (optional). Students sign in to RESTAURANT MANAGEMENT Students will learn how to analyze survey results to help inform business decision-making.Students will learn how to construct market surveys relevant to starting a business.Students will learn about the importance of marketing research in starting a business.The information gathered at this phase of the simulation can be useful in informing decisions over a number of lessons. Students must choose questions they believe are helpful to making business decisions, and balance this need for information with the cost of a survey. The simulation provides the student with the means of constructing a survey instrument to obtain information about starting a restaurant. This lesson immerses the student in how to learn about a market in terms of customer preferences for the type and price of the product. To their account at vb. and watch the Tutorial Prior to beginning work with RESTAURANT MANAGEMENT, students should sign in To access a series of videos to help you get your classroom up and running with Virtual Business. For instructions on how to configure your course, click

Reading assignments (3.3 hours), reading quizzes (1.7 hours) and math quizzes You can configure your course to include or exclude (simulation exercises only) to 27 hours (simulation exercises, readings assignments, The instructional time for RESTAURANT MANAGEMENT Lesson: Restaurant Mogul - Unique City Per Class Lesson: Turnaround - Unique City Per Class
