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Financial Management & Budgeting Flashcards

7 cards from real CSCS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Financial Management & Budgeting flashcards as text

  1. A strength coach notices mid-year spending is 70% of the annual budget after only 6 months. The BEST immediate action is to:

    Answer: Defer non-essential purchases and revise spending projections

    Deferring non-essential purchases and revising projections helps bring spending back in line before a deficit occurs.

  2. Which financial metric BEST measures the efficiency of a strength and conditioning program relative to its cost?

    Answer: Cost per athlete served

    Cost per athlete served divides total program costs by the number of athletes, enabling meaningful efficiency comparisons.

  3. Straight-line depreciation of a $20,000 piece of equipment with a 10-year useful life yields an annual depreciation expense of:

    Answer: $2,000

    Straight-line depreciation divides cost by useful life: $20,000 ÷ 10 years = $2,000 per year.

  4. A strength and conditioning program's fixed costs include all of the following EXCEPT:

    Answer: Athletic tape and bandaging supplies

    Athletic tape and bandaging supplies are consumables that vary with usage, making them variable rather than fixed costs.

  5. When submitting a capital expenditure request for a new power rack system, the MOST persuasive supporting data would include:

    Answer: Athlete injury rates and projected performance improvements

    Quantifiable data linking equipment to reduced injuries and improved performance provides the strongest justification for capital expenditure approval.

  6. A grant requires that equipment purchased with grant funds be used exclusively for the grant purpose for five years. This restriction is BEST described as a:

    Answer: Restricted fund requirement

    Restricted fund requirements specify how and when money may be spent, and are common conditions of grant funding agreements.

  7. Which approach is MOST effective for reducing equipment costs while maintaining program quality?

    Answer: Establishing a preventive maintenance schedule to extend equipment life

    Preventive maintenance extends equipment lifespan and reduces costly emergency repairs or early replacements.