An annual statement of earnings and deductions must be provided to each employee who
worked at the center ___.
a. by April 15, but only to those who are currently working at the center
b. by April 15, even if they are no longer employed at the center
c. by January 31, but only to those who are currently working at the center
d. by January 31, even if they are no longer employed at the center
Question 2Director Hobson is assisting in the budgeting for supplies of her center. Which of the following should NOT be included in her supply budget?
a. office and general supplies
b. classroom suppliesclassroom supplies
c. food supplies
d. transportation supplies
Question 3When directors are planning personnel costs, they must consider that ____.
a. some taxes such as Social Security must be paid in part by the center and sent to the federal government
b. some taxes must be deducted from the employees pay and sent to the federal and other governments
c. the center pays for workers compensation and unemployment compensation
d. all of the above
Question 4According to the text, functional budgeting clearly delineates ____.
a. costs applicable to running the entire center
b. time wasted by the director
c. inefficiencies on the part of teachers
d. need for additional staff
Question 5Before funds can be spent, the budget must be approved by the board and funders when ____.
a. the model is a sole proprietorship
b. the model is a partnership
c. there are no silent partners
d. the center is incorporated
Question 6When ordering equipment, supplies, and services for the center, the director should ____.
a. make decisions based on personal preference
b. ask the whole staff to vote for each item
c. order the least expensive item or service
d. consult the staff members who will use the product or services
Question 7When several centers band together to purchase large quantities of items at reduced prices, it is called ___.
a. shared buying
b. cooperative buying
c. team buying
d. collaborative buying
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