Exam 15: Managing for Results

Use the following information to answer Questions The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment. Option \#1 Cost of tractor and equipment useful life 10 years) \ 220,000 Salvage value of tractor in 10 years 20,000 Yearly cost of operator 6,000 Yearly maintenance and upkeep, supplies, etc. 3,000 Option \#2 Yearly fees \ 36,000 Option \#3 Yearly cost of part-time labor \ 32,000 Yearly cost of supplies, equipment repar, etc. 1,000 Present value factors @ 6 \% \1 due in ten years .55839 Annuity of \ 1 for 10 years 7.36009 -What is the present value of Option #3?

Use the following information to answer Questions The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment. Option \#1 Cost of tractor and equipment useful life 10 years) \ 220,000 Salvage value of tractor in 10 years 20,000 Yearly cost of operator 6,000 Yearly maintenance and upkeep, supplies, etc. 3,000 Option \#2 Yearly fees \ 36,000 Option \#3 Yearly cost of part-time labor \ 32,000 Yearly cost of supplies, equipment repar, etc. 1,000 Present value factors @ 6 \% \1 due in ten years .55839 Annuity of \ 1 for 10 years 7.36009 -What is the present value of Option #2?

The GASB's SEA reporting proposals focus on measures of efforts,measures of accomplishments,and measures that relate efforts to accomplishments.

Use the following information to answer Questions A piece of federal legislation has as one of its objectives "improving the health of older Americans." Title 20 of that legislation provides for granting federal funds to governments and not-for-profit entities to provide nutritious hot meals to older Americans in congregate settings.Senior Citizens Center,a not-for-profit entity,receives funding under this legislation.The center determines the following for a one-month period: Number of meals served 500 Total number of individuals participating in the program 25 Total meals costs incurred \ 860 Average cost per meal \ 1.72 -The numerical value that best represents outputs of this program is

An organization's mission and goals derive from its operational objectives.

Program budgeting,although highly popular and successful,has many disadvantages or drawbacks.Which of the following is an advantage or benefit of program budgeting?

Which of the following is NOT the role of policy makers in solving social problems?

Benefit-cost analysis has fallen from favor among management experts because it usurps the role of informed judgment.

All governments and not-for-profit entities should establish goals and objectives.Which of the following is a desirable characteristic of an operational objective?

Which of the following is a true statement regarding the implementation phase of a government program?

Which of the following is true about zero-based budgeting?

A benefit-cost ratio for a not-for-profit organization's program is

Aid for Friends,a not-for-profit entity,provides temporary shelter for the homeless,provides temporary housing and other assistance for victims of spousal abuse,serves meals to the needy in a congregate setting,operates a second-hand clothing store,and operates a food bank to provide food for those temporarily in need.Which of the following is the best statement of operating objectives for Aid for Friends?

Use the following information to answer Questions The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment. Option \#1 Cost of tractor and equipment useful life 10 years) \ 220,000 Salvage value of tractor in 10 years 20,000 Yearly cost of operator 6,000 Yearly maintenance and upkeep, supplies, etc. 3,000 Option \#2 Yearly fees \ 36,000 Option \#3 Yearly cost of part-time labor \ 32,000 Yearly cost of supplies, equipment repar, etc. 1,000 Present value factors @ 6 \% \1 due in ten years .55839 Annuity of \ 1 for 10 years 7.36009 -What is the present value of Option #1?

Because of the difficulty of measuring quality teaching,many colleges and universities rely heavily on student evaluations of the quality of instruction and accomplishment of course objectives.Which of the following is are)a true statements)?

Accountants are actively involved in collecting and analyzing data to be used by public policy makers.Which of the following other groups might also be involved in the data collection and analysis process?

Zero-base budgeting is a form of

Zero-base budgeting requires the periodic review of all programs,not just new ones.

A significant difference between not-for-profit organizations and businesses with regard to investments in capital fixed)assets is that

Use the following information to answer Questions The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment. Option \#1 Cost of tractor and equipment useful life 10 years) \ 220,000 Salvage value of tractor in 10 years 20,000 Yearly cost of operator 6,000 Yearly maintenance and upkeep, supplies, etc. 3,000 Option \#2 Yearly fees \ 36,000 Option \#3 Yearly cost of part-time labor \ 32,000 Yearly cost of supplies, equipment repar, etc. 1,000 Present value factors @ 6 \% \1 due in ten years .55839 Annuity of \ 1 for 10 years 7.36009 -Which option should the city select based solely on cost?