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CHAPTER 6
FISCAL MANAGEMENT
SHORT ANSWER
1 _________
2 _________
3 _________
4 _________
2. 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?
1 _________
2 _________
3. What is a budget? ________________________
4. List three possible sources of income for a center:
1 _________
2 _________
3 _________
5. The Worthy Wage Campaign of 1991 had this as an objective: ______________
6. 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? ______________
7. A tool to monitor expenses and costs is a
____________
TRUE OR FALSE
Please circle the correct answer.
1. There is a correlation between what a center charges for child care services and the quality of
those services.
true
false
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2. Most child-care centers are able to spend as much money as needed to create a high-quality
program.
true
false
3. As of 2013, family child-care providers earned more than parking lot attendants.
true
false
4. To receive the TEACH Early Childhood Scholarship stipends, individuals have to promise to
stay in the field of child care.
true
false
5. Getting a grant is a quick and easy way to get funds for a childcare facility
true
false
MULTIPLE CHOICE Select the best answer.
:
a. being 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.
2. The federal government contributes approximately what percent of the total cost of childcare?
a. 69
b. 19
c. 89
d. 39
a. supplies and services
b. profit
c. building occupancy
d. personnel costs
4. Why is childcare generally more expensive for toddlers than for older children?
a. More caregivers are required
b. The caregivers need higher credentials
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c. The cost of equipment is higher
d. Licensing fees are higher
5. What should be factors in setting fees to attend a childcare center?
a. average fees for other area centers.
b. the cost of providing services.
c. the ability of the target group of parents to pay
d. all of the above.
:
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. Increase income
b. Cut costs
c. Increase income and cut costs
d. Borrow from the next yea
8. What view does the National Association for the Education of Young Children (NAEYC)
take regarding good financial policy?
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.
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Chapter 6
SHORT ANSWER:
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