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Child Care, Local Standard, Regulations
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. Howards 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 devide 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 form Ms. Howard and $24,000 from Mrs. Carroll. Ms. Howards $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 close to 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 childs 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 rcognize that all children ar 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. firts 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 licensing standard? A. 1 B. 2 C. 3 D. 4 7. You've just completed the coursework necessary to recieve a CDA credential. You're ready to apply for an assesment. You've decided you want to receive endorsement for infants and toddlers. In what environment woul 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 8. Carolyn has been operating a licensed day care facility for three years. She's no 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 on nonaccredited facilities. 9. 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 10. 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 11. 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
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