Exam 11: Budget

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Personnel costs include the taxes you are required to pay to various governmental agencies.

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What is a budget calendar?

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MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -budget

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What are the items that might be included in a miscellaneous category?

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MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -6.salaries

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Which of the following items should not be included in budget records as an aid to planning?

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Advertising your business through newspapers, brochures, fliers, and local radio is called __________.

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__________ tuitions could be a cause of income shortfalls.

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Space costs of some kind are ever-present.

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The consultant category of a budget might include

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Income is best computed after __________.

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One of the most difficult things to predict when planning a budget is __________.

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Which of the following is NOT a major step in the budget cycle?

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Workers' compensation is considered a __________.

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Some schools charge registration fees that range from

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Which items are included in the income portion of a budget?

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Equipment is usually defined as expendable items in a budget.

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A major portion of expense in a budget is personnel.

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There are two major sections to a budget: tuitions and expenses.

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A budget is a

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