Liberty University EDUC 648 QUIZ 6 Course 201940 Fall 2019 EDUC 648-D02 LUO Test Quiz 6 Started 11/23/19 8:06 AM Submitted 11/23/19 9:08 AM Due Date 12/1/19 11:59 PM Status Completed Attempt Score 45 out of 45 points Time Elapsed 1 hour, 2 minutes Instructions · Time limit: 2 hours · 30 true/false, multiple-choice, multiple answer, matching, short answer, and essay questions · Open-book/open-notes · Do not hit the BACK button as this will lock you out of the quiz. · Results Displayed Submitted Answers, Feedback · 1.5 out of 1.5 points Systems analysis is a practical, systematic approach to assist the decision maker in choosing a course of action. Which of the following is included in the description of the systems analysis approach? · 1.5 out of 1.5 points Preparation of the budget includes the following three dimensions as indicated in the following sequence: determination of the educational plan, the conversion of the education plan into cost terms, and finally, the determination of the sources of required revenue. · 1.5 out of 1.5 points Which of the following is NOT included in the list of some of the most common kinds of insurance that a typical school board would want to consider? · 1.5 out of 1.5 points Surety bonding of employees protects the school district against fraud or loss, along with providing motivation to the official to be businesslike in handling the funds under their jurisdiction. · 1.5 out of 1.5 points Insurance has been called a necessary expenditure to provide for benefits in case of an incident, or emergency that the purchaser of insurance hopes will never happen? · 1.5 out of 1.5 points Purchasing supplies and equipment is not just a simple process of ordering something from a vendor. It involves a complicated and complex process which can result in numerous problems. Which of the following is NOT included in the potential problems associated with the purchasing process? · 1.5 out of 1.5 points The encumbrance account does not represent expenditures for the period, only a commitment to expend resources. · 1.5 out of 1.5 points No executive can possibly perform all of the generally accepted functions of the superintendency alone; some of the duties of the office must be delegated to others. However, whether delegated or not, providing for safe and secure schools is a primary function of the business side of a superintendent’s position. · 1.5 out of 1.5 points Identify which of the following is included in the main purposes of school districts using efficient accounting systems in schools and school districts: · 1.5 out of 1.5 points The accrual basis is the superior method of accounting for the economic resources of the local education agency. Which of the following are considered essential elements of accrual accounting? · 1.5 out of 1.5 points According to the text, Financing Education in a Climate of Change, one inflexible rule for school principals is that fees and other receipts from current students must be used for students who have paid for them, or a new account is required to carry the balance to the following fiscal year budget. · 1.5 out of 1.5 points Which of the following is an appropriate statement regarding the preparation of the budget hearing? · 1.5 out of 1.5 points Translating educational needs into a budget includes the following pattern: (1) organizing objectives, (2) establishing goals, (3) identifying needs, (4) building a program to meet those goals, and (5) producing a budget to fund those programs. · 1.5 out of 1.5 points Careful planning and evaluation may reduce but never completely eliminate the need for making changes in the current budget. · 1.5 out of 1.5 points The poverty level and eligibility for reduced or free meals include which of the following provisions: · 1.5 out of 1.5 points Funds held by a school district and are related to school activities, but are not owned, or directly controlled, by the school district are called “agency funds”. · 1.5 out of 1.5 points Which of the following statements regarding audits is accurate? · 1.5 out of 1.5 points Quality of service, financial standing, convenience, interest rates, and the integrity of bank officials are some of the most important factors to be considered when selecting a bank. · 1.5 out of 1.5 points Which of the following is NOT included in the general principles that form the basis for an adequate and effective accounting system in every school? · 1.5 out of 1.5 points The purpose of the school is to provide its pupils with high-quality education of the variety and quantity that will improve their behavior and competence as law-abiding and self-supporting citizens, but the school’s first responsibility involves maintaining the safety and protecting the health and well-being of all who attend. · 1.5 out of 1.5 points School districts are concerned primarily with insurance protection against which of the following? · 1.5 out of 1.5 points The discovery of fraud and the detection of errors were once the main function of auditing. · 1.5 out of 1.5 points The superintendent of schools should administer the school district budget, and the school board has legal authority for its formal adoption. The principal assumes the role of the chief financial officer at the individual school where they have been assigned. · 1.5 out of 1.5 points The chief thrust of the Planning/Programming/Budgeting System (PPBS) is in the direction of replacing broad, traditional objectives with specific, measurable ones. Which of the following is included in the planning process of the PPBS? · 1.5 out of 1.5 points Regardless of the size of the school district, there are certain services that must be provided as part of the business administration functions. Which of the following are areas that may be considered part of the office operation? · 1.5 out of 1.5 points Which of the following statements is correct regarding the selection of auditors: · 1.5 out of 1.5 points Which of the following is NOT included as one of the budgets equilateral triangle, “Three Dimensions”? · 1.5 out of 1.5 points As technical experts, auditors provide fact finding and advisory services only. They should have a free hand in performing their services, and the records of the school district and the informational services of the school employees should be at their disposal. · 1.5 out of 1.5 points Which of the following statements is appropriately matched with the budget acronym shown below: · 1.5 out of 1.5 points Which of the following elements is NOT included in budget?
