Student Organization Online Management Test - Financial Management Module

6 Questions | By Usfmsc | Updated: Mar 20, 2022 | Attempts: 1318

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Student Organization Online Management Test - Financial Management Module - Quiz

Questions and Answers

1.

Organization presidents should use their own funds for organization purchases because cash reimbursements are better for account management.
- A.
  
  True
- B.
  
  False
2.

Two authorized signatures, such as the president and treasurer, should be the accountable officers to manage organization funds and transactions.
- A.
  
  True
- B.
  
  False
3.

When new officers are elected/appointed into office, outgoing officers should facilitate a(n) ______________ meeting to help new officers adjust to their newly elected/appointed positions.
- A.
  
  Officer Exchange
- B.
  
  Informational Session
- C.
  
  Office Transition
- D.
  
  International Exchange
4.

Student Organizations should refrain from obtaining and/or using ATM cards. Why is this important?
- A.
  
  You could forget the Personal Identification Number (PIN)
- B.
  
  It is too difficult to track the originator of the purchase
- C.
  
  The use of ATM cards is restricted to the person whose name is on the card so everyone in the organization would not be able to use it
- D.
  
  You could be tempted to over spend since the ATM card gives you easy access to an account
5.

The _____________ of the student organization should NOT have fiscal responsibility or be listed on an organization financial account.
- A.
  
  President
- B.
  
  Advisor
- C.
  
  Treasurer
- D.
  
  Members
6.

Student Organizations are encouraged to establish an address to receive important organization information and financial statements. What resource does the Center for Student Involvement (in MSC 3302) provide to assist with this?
- A.
  
  Storage Room
- B.
  
  Student Organization Office Space
- C.
  
  Mailbox
- D.
  
  CSI Front Desk