CSCS Financial Management & Budgeting 3

Question 1

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

Accepted Answer

Defer non-essential purchases and revise spending projections

Answer

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

Question 2

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

Accepted Answer

Cost per athlete served

Answer

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

Question 3

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

Accepted Answer

$2,000

Answer

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

Question 4

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

Accepted Answer

Athletic tape and bandaging supplies

Answer

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

Question 5

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

Accepted Answer

Athlete injury rates and projected performance improvements

Answer

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

Certified Strength and Conditioning Specialist Practice Test

Certified Strength and Conditioning Specialist Practice Test

CSCS Financial Management & Budgeting 3