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M01 - Sync Quiz

Authored by Jessica Chong

Business

Professional Development

Used 2+ times

M01 - Sync Quiz
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many months are there in a fiscal year?

Twelve (12)

months

Six (6)

months

Ten (10)

months

Any number of months we want to set!

Answer explanation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When planning the Centre’s operational budget, what components should be included?       

Income and Expenses

Income, Fixed and Variable Expenses

School fees, Salaries and Rent

Fixed and Variable Expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

School fees is the main source of revenue for the centre. 

True.

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Staff wages is the largest expense component. 

True.

False.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Budget is a plan .....

written in monetary terms that is prepared and approved prior to a defined period of time.

usually showing planning income to be generated and expenditure to be incurred during that period. 

capital to be deployed to attain organizational objectives.

All the above.

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