Module 1 - Introduction to NAF Contracting
1. All of the following statements about Nonappropriated funds are true, EXCEPT:
a. Funds generated by military, authorized civilian personnel and their family
b. Funds used to augment funds appropriated
Module 1 - Income Statement as a Management Tool
1. Which of the following is a characteristic of This Month vs Budget Analysis?
a. Allows managers to see trends emerging month to month.
b. Highlights monthly performance against planned performance.
Module 1 - An Overview of Forecasting
1. In simple terms, forecasting is equal to:
a. Data + assumptions
b. Data + ideas
c. Assumptions + plans
d. Assumptions + facts
Correct. The correct answer is a. Great job!
1. Breakeven analysis can be used to:
a. Assist with pricing decisions.
b. Determine the financial viability of expanding a program.
c. Determine the likelihood that a special event will be financially successful.
d. All of the above.