The Dollars And Sense Of Sheltering: A Tool For Financially Evaluating Your Shelter’s Programs

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Which term is best described by the following: Shows the projected costs and returns associated with some change in the shelter.
- Cost of production
- Variable costs
- Partial budget
- Whole farm budget

The Dollars And Sense Of Sheltering: A Tool For Financially Evaluating Your Shelter’s Programs - Quiz

About This Quiz

Sheltering isn't just about good intentions. It's about planning and developing programs that have a good chance of keeping animals healthy and happy, as well as maximizing adoptions and lifesaving. To make that happen, shelter directors and managers need to have a solid understanding of the practical and financial aspects of their programs. They also need to be See moreable to analyze their results to determine if a program is achieving its goals, and what its real costs are.
Dr. Nicole Olynk Widmar has developed a shelter financial management tool that can be used to analyze financial outcomes for shelter programs under different management strategies.

2.

Which of the following is an example of a variable expense (or cost)?
- Depreciation
- Property taxes
- Hired labor
- Insurance
Correct Answer

A. Hired labor
3.

Which term is best described by the following: Costs which the shelter incurs that do not vary with the number of animals housed/saved (generally referred to as the "level of production" in other firms).
- Variable costs
- Cost of production
- Enterprise budget
- Fixed costs
Correct Answer

A. Fixed costs
4.

A cash flow statement shows all the following except:
- When you need to borrow money.
- How much money you need to borrow.
- When you can increase spending without additional borrowing.
- When you can repay loans.
- All of the above are shown by using cash flow.
Correct Answer

A. All of the above are shown by using cash flow.
5.

What are the two “types” or general classifications of management that shelter managers need to be participating in? (Select two answers.)
- Strategic management
- Cash management
- Tactical management
- Employee management
Correct Answer(s)

A. Strategic management
A. Tactical management
6.

What are the three financial statements that all shelter managers should be aware of? (Select three answers.)
- Balance sheet
- Income statement
- Partial budget
- Cash flow statement
Correct Answer(s)

A. Balance sheet
A. Income statement
A. Cash flow statement
7.

It is possible to improve the net income of the shelter by:
- Increasing revenues and decreasing costs.
- Decreasing costs by $A and decreasing revenues $B, where $A>$B.
- Decreasing revenues by $C and decreasing costs by $D, where $C
- Increasing revenues by $X and increasing costs by $Y, where $X>$Y.
- All of the above.
Correct Answer

A. All of the above.
8.

It is always better for the financial performance of the shelter to increase total adoption numbers of dogs and puppies.
- True
- False
Correct Answer

A. False
9.

Commonly overlooked ways to decrease shelter costs include:
- Bulk purchasing of animal-related supplies (i.e., food, vaccines).
- Reducing carrying costs through careful inventory management and planning.
- Borrowing money to purchase supplies ahead.
- Utilizing incentive-based programs (i.e., cash back credit cards).
- A, B and D.
Correct Answer

A. A, B and D.
10.

We hope you have enjoyed the presentation. If you receive a passing score, a Certificate of Attendance in your name will be awarded at the end of this quiz. Please let us know if you have viewed the entire presentation.
- I certify that I have viewed the entire presentation.
- I did not view the entire presentation.
Correct Answer

A. I certify that I have viewed the entire presentation.
11.

According to the shutdown rule, a shelter will shut down when revenue received from goods and services provided cannot cover the variable costs of operating.
- True
- False
Correct Answer

A. True

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Jun 23, 2020

Quiz Edited by
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Aug 12, 2013

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The Dollars And Sense Of Sheltering: A Tool For Financially Evaluating Your Shelter’s Programs

Which term is best described by the following: Shows the projected costs and returns associated with some change in the shelter.

Quiz Preview

Which of the following is an example of a variable expense (or cost)?

Which term is best described by the following: Costs which the shelter incurs that do not vary with the number of animals housed/saved (generally referred to as the "level of production" in other firms).

A cash flow statement shows all the following except:

What are the two “types” or general classifications of management that shelter managers need to be participating in? (Select two answers.)

What are the three financial statements that all shelter managers should be aware of? (Select three answers.)

It is possible to improve the net income of the shelter by:

It is always better for the financial performance of the shelter to increase total adoption numbers of dogs and puppies.

Commonly overlooked ways to decrease shelter costs include:

We hope you have enjoyed the presentation. If you receive a passing score, a Certificate of Attendance in your name will be awarded at the end of this quiz. Please let us know if you have viewed the entire presentation.

According to the shutdown rule, a shelter will shut down when revenue received from goods and services provided cannot cover the variable costs of operating.