CSCS Financial Management & Budgeting 5

Question 1

A strength coach is evaluating two vendors: Vendor A charges $500/unit with free shipping, and Vendor B charges $450/unit with $75 shipping per order. For a single order of 10 units, which is less expensive?

Accepted Answer

Vendor B at $4,575 total

Answer

Vendor B total = (10 × $450) + $75 = $4,500 + $75 = $4,575, which is less than Vendor A's $5,000.

Question 2

The term 'fiscal year' in athletic department budgeting refers to:

Accepted Answer

A 12-month accounting period that may or may not align with the calendar year

Answer

A fiscal year is any 12-month financial period; universities often use July 1–June 30 rather than the calendar year.

Question 3

Which budget item would MOST likely be classified as a capital expenditure rather than an operating expense?

Accepted Answer

Purchase of a $25,000 force plate system

Answer

Capital expenditures involve large purchases of long-term assets (typically over $5,000), such as force plates used for multiple years.

Question 4

Which practice BEST demonstrates ethical financial management for a CSCS professional managing a department budget?

Accepted Answer

Maintaining detailed records of all expenditures with supporting receipts

Answer

Maintaining detailed records with receipts ensures transparency, accountability, and compliance with institutional and regulatory requirements.

Question 5

A strength and conditioning program is considering outsourcing sports nutrition consulting to reduce costs. This decision is BEST evaluated using a:

Accepted Answer

Make-or-buy analysis

Answer

A make-or-buy analysis compares the total cost of providing a service in-house versus outsourcing to determine the more economical option.

Certified Strength and Conditioning Specialist Practice Test

Certified Strength and Conditioning Specialist Practice Test

CSCS Financial Management & Budgeting 5