"Fiscal Management" Means

question 7

Multiple Choice

"Fiscal management" means:

• 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.

---

Definitions:

Flexible Budgeting

A financial planning tool that adjusts budgets based on changes in actual activity levels, allowing for variable cost adjustment.

Operating Data

Information collected on the performance and efficiency of day-to-day operations within a company.

Budgeted Volume

The amount of production or sales a company plans to achieve within a certain period as part of its budgeting process.

Production

The process of creating, manufacturing, or enhancing the value of goods and services.