Author Question: A center that has been in operation for five years needs ___. a. only a long-range financial plan ... (Read 1557 times)

Garrulous · **on:** Sep 15, 2018

A center that has been in operation for five years needs ___.

a. only a long-range financial plan that includes a 10 year projection on revenue growth
b. only an operating budget for the upcoming year
c. both a long-range financial plan as well as a plan for the upcoming year
d. a 6-month operating budget because enrollment changes so drastically during summer months and holidays and a budget is difficult to anticipate

Question 2

The two major components of a financial plan are ___.

a. start-up and operating budget
b. salaries and equipment
c. insurance and rent
d. a system for managing financial resources and obtaining adequate funding