Questions 1–3 are based on the following scenario:
Mrs. Carroll and her sister, Ms. Howard, plan to operate a small day care center in a remodeled building. They're licensed and staffed to handle up to 24 children. Ms. Howard doesn't plan to work at the center and hasn't incurred as many debts or responsibilities as Mrs. Carroll. She originally invested $8,000 in the business and Mrs. Carroll invested $24,000.
1. Mrs. Carroll and her sister want to keep their taxes low and keep Ms. Howard's liability to the amount of her original investment. Which type of business arrangement would be best for them?
A. Sole proprietorship
B. General partnership
C. Limited partnership
D. Corporation
2. Mrs. Carroll and Ms. Howard decide to divide all profits and share all losses using a fixed ratio. If the ratio agreed upon is in proportion to their original investment, what would be Ms. Howard's share of a $60,000 end-of-year profit? (Hint: The original total investment was $32,000—$8,000 from Ms. Howard and $24,000 from Mrs. Carroll. Ms. Howard's $8,000 is one-fourth, or 25 percent, of the total.)
A. $10,000
B. $15,000
C. $25,000
D. $30,000
3. What type of business tax form do Mrs. Carroll and Ms. Howard need to file 75 days after the close of the fiscal year?
A. Schedule C
B. Form 1065
C. Form 1120
D. Form 990
4. Carefully read the following paragraph:
Learning takes place during all the child's activities and interactions. The classroom is organized to give children opportunities to explore, discover, and grow in a warm, secure environment, with teachers prepared to guide and challenge. We recognize that all children are unique individuals who learn in different ways, at different times, and from each other as well as from adults.
This statement is an example of
A. standards.
B. a philosophy.
C. regulations.
D. a goal.
5. You're hoping to receive federal funds for your child care center. According to Title XX of the Social Security Act, you must
A. meet standards of both local and state laws.
B. be accredited in the state in which you operate.
C. first operate your business for a prescribed number of years.
D. limit group size for children ages 0–14.
6. The licensing standard for the staff/child ratio in a classroom of three-year-olds is 1:10. You have 22 three-year-olds in your center. What is the minimum number of staff you need to meet the licensing standard?
A. 1
B. 2
C. 3
D. 4
Questions 7–9 are based on the survey results shown in the tally below.
7. What is the largest age group represented?
A. Infants
B. Toddlers
C. Ages three to five
D. School-age children
8. The survey tally shows a total of _______ working parents. (Hint: Be careful when calculating the number of working parents for families in which both parents work.)
A. 37
B. 54
C. 69
D. 76
9. According to DHHSDCR, how many groups of 3–6 year olds would you need if all the children in that age group were enrolled at your facility?
A. 2
B. 3
C. 4
D. 5
10. In a day care facility, items such as exit doors and heating appliances are inspected by the
A. zoning committee.
B. building and safety committee.
C. fire department.
D. sanitation department.
11. You've just completed the coursework necessary to receive a CDA credential. You're ready to apply for an assessment. You've decided you want to receive endorsement for infants and toddlers. In what environment would your assessment occur?
A. State-licensed day care center
B. Family day care home
C. Private home using a home visitor
D. Day care facility in a fitness center
12. Carolyn has been operating a licensed day care facility for three years. She's now considering applying for accreditation. Why would Carolyn want to do this?
A. Accreditation represents a level of performance above minimum standards required for licensing.
B. The accreditation remains in effect as long as she's operating the facility.
C. Accreditation is required after three years of operation.
D. Her facility would have programs superior to those of nonaccredited facilities.
13. You're attempting to teach Brian, a preschooler, how to arrange a group of five blocks from largest to smallest. First, you explain what you want him to do; then you do it yourself so he can see what he's supposed to do. As Brian attempts to arrange the blocks himself, you provide encouragement. When he's successful, you reward him with a star sticker. In this situation, you're using the _______ learning method.
A. cognitive
B. behavior
C. developmental-interaction
D. eclectic
14. Recently you've noticed that the supply of disposable diapers at your day care facility is being used faster than usual. You've had to place an order twice this month and you usually order only once each month. You suspect that a new employee may be taking diapers to use for her baby. Finally you see her taking some diapers home and she admits the theft. What type of insurance would cover your loss?
A. Liability
B. Workers' compensation
C. Burglary
D. Fidelity bond
15. You're attempting to determine the usable floor space in your day care facility. Which one of the following areas can you include in your calculation?
A. Kitchen for all classrooms
B. Hallway in classroom area
C. Toy shelves in classroom A
D. Bathroom adjacent to classroom A
Since you obviously intend to work in a childcare program, it's necessary for you to answer these questions.
1c 2b 3d 4c 5a 6c 7d 8b 9a 10c 11a 12a 13c 14b 15c
I just took this test and the person Above amada got some questions wrong the real answers are:
1c2b3b4b5a6c7d8c9b10c11a12a13b14d15c
1 C 2 B 3 B 4 B 5A 6 C 7D 8 C 9B 10 C 11 A 12 A 13 B 14 D 15 C
1. To determine the best type of business arrangement for Mrs. Carroll and Ms. Howard, we need to consider their goal of keeping taxes low and limiting Ms. Howard's liability to her original investment. This indicates that they want to have some protection for their personal assets and minimize their tax obligations. The best option for them would be a Limited Partnership (C). In a limited partnership, Ms. Howard would be a limited partner and her liability would be limited to her original investment, while Mrs. Carroll would be a general partner and have more liability, but also more control.
2. To calculate Ms. Howard's share of the profit, we need to determine the ratio of her original investment to the total investment. Her investment of $8,000 is one-fourth (25%) of the total investment of $32,000. Therefore, her share of a $60,000 profit would be $15,000 (B).
3. To determine the type of business tax form they need to file, we need to consider their business arrangement as a partnership. In this case, Mrs. Carroll and Ms. Howard would need to file Form 1065 (B), which is the Partnership Return of Income form. This form is used to report the income, deductions, and profits or losses of a partnership.
4. The statement provided is an example of a philosophy (B). It expresses the beliefs and values that guide the day care center's approach to education and child development.
5. According to Title XX of the Social Security Act, to receive federal funds for a child care center, you must meet standards of both local and state laws (A). This means that you need to comply with the regulations and requirements set by your local and state authorities.
6. The licensing standard for a staff/child ratio in a classroom of three-year-olds is 1:10. Since you have 22 three-year-olds in your center, you would need a minimum of 3 staff members (C) to meet the licensing standard.
7. To determine the largest age group represented in the survey, we need to compare the tally results. Without the tally results, it is not possible to answer this question.
8. Without the tally results, it is not possible to calculate the number of working parents in the survey.
9. Without the tally results, it is not possible to determine the number of groups of 3-6 year olds needed.
10. In a day care facility, items such as exit doors and heating appliances are typically inspected by the fire department (C).
11. If you are applying for an assessment to receive endorsement for infants and toddlers, your assessment would occur in a Family day care home (B), because that is the environment where you work with infants and toddlers.
12. Carolyn would want to apply for accreditation because it represents a level of performance above the minimum standards required for licensing (A). It shows that her facility has programs and practices that are considered superior to non-accredited facilities.
13. The learning method described in the situation, where Brian is being encouraged and rewarded for successfully arranging blocks, is a behavior (B) learning method. This approach focuses on reinforcing desired behaviors through rewards and positive reinforcement.
14. The type of insurance that would cover the loss of diapers due to theft by an employee would be a fidelity bond (D). A fidelity bond provides coverage for losses resulting from employee theft or dishonesty.
15. In the calculation of usable floor space in a day care facility, you can include areas such as the classroom areas, toy shelves, and bathrooms adjacent to the classrooms. However, areas like the kitchen for all classrooms and hallways may not be included in the calculation (C). The specific requirements for usable floor space calculation may vary based on local regulations.