Question 1

Which of the following is NOT an acceptable way to balance the year's budget?

Accepted Answer

A) Increase income. 
B) Cut costs. 
C) Increase income and cut costs. 
D) Borrow from the next year's budget. 
A) Increase income. 
B) Cut costs. 
C) Increase income and cut costs. 
D) Borrow from the next year's budget. D

Question 2

Why is childcare generally more expensive for toddlers than for older children?

Accepted Answer

A) More caregivers are required. 
B) The caregivers need higher credentials. 
C) The cost of equipment is higher. 
D) Licensing fees are higher. 
A) More caregivers are required. 
B) The caregivers need higher credentials. 
C) The cost of equipment is higher. 
D) Licensing fees are higher. A

Question 3

What are four questions a program director should ask before purchasing a software program to manage center finances?

Accepted Answer

Four questions before purchasing software program:
-What do you need it to do?
-How difficult will it be to install and to use?
-Is the cost appropriate to the value it provides?
-Will the company stand by its product?

Question 4

List three possible sources of income for a center.

Accepted Answer

The answer should include four

Question 5

On average, poor families pay a larger share of their income for child care than rich families.

Accepted Answer

A) True 
 B)False

Question 6

What are two sources of assistance in starting up and operating a center?

Accepted Answer

Child Care Resource

Question 7

"Fiscal management" means:

Accepted Answer

A) subject to scrutiny by several sources. 
B) having a tender heart for giving children loving care. 
C) effectively handling the financial aspects of a child-care center. 
D) keeping the facilities clean and safe. 
A) subject to scrutiny by several sources. 
B) having a tender heart for giving children loving care. 
C) effectively handling the financial aspects of a child-care center. 
D) keeping the facilities clean and safe.

Question 8

A marketing plan is:

Accepted Answer

A) a shopping list of all the equipment the center needs to purchase. 
B) a publicity campaign that highlights the best aspects of the center. 
C) a way of satisfying some states' licensing requirements.. 
D) a description of the potential pool of customers, competitors, and ways to attract customers. 
A) a shopping list of all the equipment the center needs to purchase. 
B) a publicity campaign that highlights the best aspects of the center. 
C) a way of satisfying some states' licensing requirements.. 
D) a description of the potential pool of customers, competitors, and ways to attract customers.

Question 9

What does "MESH" stand for?

Accepted Answer

"MESH" stands for:
-

Question 10

If you want to find out what fees most child-care centers in your area are charging, what are two resources that you could consult?

Accepted Answer

Resources for determining rate

Question 11

As of 1997, family child-care providers earned more than parking lot attendants.

Accepted Answer

A) True 
 B)False

Question 12

What is a cash-flow analysis?

Accepted Answer

a tool to

Question 13

The federal government contributes approximately what percent of the total cost of childcare?

Accepted Answer

A) 60 
B) 19 
C) 90 
D) 39 
A) 60 
B) 19 
C) 90 
D) 39

Question 14

A financial decision about matters that arise frequently and so do not have to be considered individually is what kind of decision: programmed or nonprogrammed?

Accepted Answer

The answer of A financial decision about matters that arise...

Question 15

The TEACH Early Childhood Scholarship project resulted in lower rates of turnover for those taking part in it.

Accepted Answer

A) True 
 B)False

Question 16

What is a budget?

Accepted Answer

a plan, expressed in

Question 17

What is generally the most costly item in a center's budget?

Accepted Answer

A) Supplies and services 
B) Profit 
C) Building occupancy 
D) Personnel costs 
A) Supplies and services 
B) Profit 
C) Building occupancy 
D) Personnel costs

Question 18

Most child-care centers are able to spend as much money as needed to create a high-quality program.

Accepted Answer

A) True 
 B)False

Question 19

What view does the National Association for the Education of Young Children NAEYC) take regarding good financial policy?

Accepted Answer

A) It should always be secondary to staff training. 
B) It is a good thing to have, but not really necessary. 
C) It is essential to gain NAEYC accreditation. 
D) NAEYC has no position on this issue. 
A) It should always be secondary to staff training. 
B) It is a good thing to have, but not really necessary. 
C) It is essential to gain NAEYC accreditation. 
D) NAEYC has no position on this issue.

Question 20

An "RFP":

Accepted Answer

A) is a request for personnel to work in a center. 
B) announces grants and solicits applications for them. 
C) revises formal procedures. 
D) recommends financial policies. 
A) is a request for personnel to work in a center. 
B) announces grants and solicits applications for them. 
C) revises formal procedures. 
D) recommends financial policies.

Which of the following is NOT an acceptable way to balance the year's budget?

Why is childcare generally more expensive for toddlers than for older children?

What are four questions a program director should ask before purchasing a software program to manage center finances?

List three possible sources of income for a center.

On average, poor families pay a larger share of their income for child care than rich families.

What are two sources of assistance in starting up and operating a center?

"Fiscal management" means:

A marketing plan is:

What does "MESH" stand for?

If you want to find out what fees most child-care centers in your area are charging, what are two resources that you could consult?

As of 1997, family child-care providers earned more than parking lot attendants.

What is a cash-flow analysis?

The federal government contributes approximately what percent of the total cost of childcare?

A financial decision about matters that arise frequently and so do not have to be considered individually is what kind of decision: programmed or nonprogrammed?

The TEACH Early Childhood Scholarship project resulted in lower rates of turnover for those taking part in it.

What is a budget?

What is generally the most costly item in a center's budget?

Most child-care centers are able to spend as much money as needed to create a high-quality program.

What view does the National Association for the Education of Young Children NAEYC) take regarding good financial policy?

An "RFP":

Managing Childrens Centers in the 21st Century

Types of Child Development Programs

Applying Theories in Managing a Child Development Center

Reflective Management: Personal and Professional Self-Awareness

Organizational Management

Personnel Management

Human Relations

Facilities Management

Managing Health and Safety Issues

Managing Food Service

Educational Programming

Family Support

Marketing and Public Relations

Assessment and Evaluation

Leadership

Filters

Exam 6: Fiscal Management

Which of the following is NOT an acceptable way to balance the year's budget?

Why is childcare generally more expensive for toddlers than for older children?

What are four questions a program director should ask before purchasing a software program to manage center finances?

List three possible sources of income for a center.

On average, poor families pay a larger share of their income for child care than rich families.

What are two sources of assistance in starting up and operating a center?

"Fiscal management" means:

A marketing plan is:

What does "MESH" stand for?

If you want to find out what fees most child-care centers in your area are charging, what are two resources that you could consult?

As of 1997, family child-care providers earned more than parking lot attendants.

What is a cash-flow analysis?

The federal government contributes approximately what percent of the total cost of childcare?

A financial decision about matters that arise frequently and so do not have to be considered individually is what kind of decision: programmed or nonprogrammed?

The TEACH Early Childhood Scholarship project resulted in lower rates of turnover for those taking part in it.

What is a budget?

What is generally the most costly item in a center's budget?

Most child-care centers are able to spend as much money as needed to create a high-quality program.

What view does the National Association for the Education of Young Children NAEYC) take regarding good financial policy?

An "RFP":

Managing Childrens Centers in the 21st Century

Types of Child Development Programs

Applying Theories in Managing a Child Development Center

Reflective Management: Personal and Professional Self-Awareness

Organizational Management

Personnel Management

Human Relations

Facilities Management

Managing Health and Safety Issues

Managing Food Service

Educational Programming

Family Support

Marketing and Public Relations

Assessment and Evaluation

Leadership

Filters