"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.

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Definitions:

Budgets

Financial plans for a defined period, outlining an organization's revenue, expenses, and capital projects.

Colorado Rockies

A professional baseball team based in Denver, Colorado, which competes in the Major League Baseball as a member of the National League West Division.

Revenue Variances

Differences between actual revenues and expected revenues.

Cost Drivers

Elements that cause a change in the cost of an activity, affecting the overall expense of producing a product or delivering a service.