WGU D023 Terms and Definitions Exam
Questions With Correct Answers
5 Stakeholders Who Should Be at Your District's or School's Fundraising Table -
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CORRECT ANSWER✔✔-District and School Leadership, teachers, PTO and/or
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Educational Foundation, IT team,Other PLTW Advocates (parents, business
| | | | | | | |
leaders, clubs) |
Accrual Accounting - CORRECT ANSWER✔✔-Recognition of revenue when it is
| | | | | | | | | |
obtained. This accounting system is based on a process of amortization, long-term
| | | | | | | | | | |
capitalization, and depreciation. This system is not commonly utilized at the
| | | | | | | | | | | |
building level but is a common practice for maintenance of bond referendum
| | | | | | | | | | | |
management, debt management, transportation equipment purchase and
| | | | | | |
management, and construction or major renovation
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Activity Fund - CORRECT ANSWER✔✔-Any fee associated with noncurricular
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activities.
Agency Funds - CORRECT ANSWER✔✔-Fudiciary Funds/related to school
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activities and not owned or controlled by district.
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Asset - CORRECT ANSWER✔✔-Something of value that is held by the
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organization. State general aid, property tax revenue, fundraiser profit, grant
| | | | | | | | | |
funding, activity fees, buses, computer hardware, textbooks, playground
| | | | | | | |
equipment, or band instruments | | |
, Award Grant Stage - CORRECT ANSWER✔✔-Notification of award status and
| | | | | | | | | |
implementation of the initiative or program as described in the grant application.
| | | | | | | | | | |
Balance Sheet - CORRECT ANSWER✔✔-Provides a projection of expenditures for
| | | | | | | | | |
the school year. Report of the financial status of the organization on a given date
| | | | | | | | | | | | | | |
or end of an accounting period
| | | | |
Bonding - CORRECT ANSWER✔✔-The building of school buildings with bond
| | | | | | | | | |
money. Similar to a mortgage.
| | | |
Capital - CORRECT ANSWER✔✔-This funding line item within a budget represents
| | | | | | | | | |
longer term items such as construction projects, renovations, and improvements
| | | | | | | | | | |
of a large scale.
| | |
Capital Outlay - CORRECT ANSWER✔✔-The money put forth to build a building
| | | | | | | | | | |
Capital Projects Funds - CORRECT ANSWER✔✔-Governmental Funds/Account for
| | | | | | | |
resources held for acquisition or construction of capital facilities.
| | | | | | | |
Cash Flow - CORRECT ANSWER✔✔-the total amount of money being transferred
| | | | | | | | | | |
into and out of a business.
| | | | |
Categorical Grants - CORRECT ANSWER✔✔-typically awarded by the state or
| | | | | | | | | |
federal government but are restricted in their use to specific expenditures.
| | | | | | | | | |
Questions With Correct Answers
5 Stakeholders Who Should Be at Your District's or School's Fundraising Table -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-District and School Leadership, teachers, PTO and/or
| | | | | | | |
Educational Foundation, IT team,Other PLTW Advocates (parents, business
| | | | | | | |
leaders, clubs) |
Accrual Accounting - CORRECT ANSWER✔✔-Recognition of revenue when it is
| | | | | | | | | |
obtained. This accounting system is based on a process of amortization, long-term
| | | | | | | | | | |
capitalization, and depreciation. This system is not commonly utilized at the
| | | | | | | | | | | |
building level but is a common practice for maintenance of bond referendum
| | | | | | | | | | | |
management, debt management, transportation equipment purchase and
| | | | | | |
management, and construction or major renovation
| | | | |
Activity Fund - CORRECT ANSWER✔✔-Any fee associated with noncurricular
| | | | | | | | |
activities.
Agency Funds - CORRECT ANSWER✔✔-Fudiciary Funds/related to school
| | | | | | | |
activities and not owned or controlled by district.
| | | | | | |
Asset - CORRECT ANSWER✔✔-Something of value that is held by the
| | | | | | | | | | |
organization. State general aid, property tax revenue, fundraiser profit, grant
| | | | | | | | | |
funding, activity fees, buses, computer hardware, textbooks, playground
| | | | | | | |
equipment, or band instruments | | |
, Award Grant Stage - CORRECT ANSWER✔✔-Notification of award status and
| | | | | | | | | |
implementation of the initiative or program as described in the grant application.
| | | | | | | | | | |
Balance Sheet - CORRECT ANSWER✔✔-Provides a projection of expenditures for
| | | | | | | | | |
the school year. Report of the financial status of the organization on a given date
| | | | | | | | | | | | | | |
or end of an accounting period
| | | | |
Bonding - CORRECT ANSWER✔✔-The building of school buildings with bond
| | | | | | | | | |
money. Similar to a mortgage.
| | | |
Capital - CORRECT ANSWER✔✔-This funding line item within a budget represents
| | | | | | | | | |
longer term items such as construction projects, renovations, and improvements
| | | | | | | | | | |
of a large scale.
| | |
Capital Outlay - CORRECT ANSWER✔✔-The money put forth to build a building
| | | | | | | | | | |
Capital Projects Funds - CORRECT ANSWER✔✔-Governmental Funds/Account for
| | | | | | | |
resources held for acquisition or construction of capital facilities.
| | | | | | | |
Cash Flow - CORRECT ANSWER✔✔-the total amount of money being transferred
| | | | | | | | | | |
into and out of a business.
| | | | |
Categorical Grants - CORRECT ANSWER✔✔-typically awarded by the state or
| | | | | | | | | |
federal government but are restricted in their use to specific expenditures.
| | | | | | | | | |
