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

1. 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.

2. 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

Submit

3. 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.

4. 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.

5. 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

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

Submit

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

True

False

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

Depreciation

Property taxes

Hired labor

Insurance

9. 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