4 Questions
Which one of the following is NOT typically included in the preliminary budget for a new school?
Ongoing operational expenses for the first year
Which of the following is the primary purpose of requiring a specific number of months' operational costs to be set aside before issuing a license?
To ensure the school has adequate funds to operate during the initial low enrollment period
Which of the following is the MAIN purpose of preparing an annual budget for a school?
To gauge the effectiveness of the school's management of resources, particularly cash
Why is a survey of other schools in the area important when determining tuition for a new school?
To ensure the tuition is set at a competitive level
Learn about the initial expenses involved in opening a new school, including costs for equipment, building renovations, and staff planning. Understand the importance of budgeting for potential fluctuations in enrollment and the requirements set by licensing agencies.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
