Decoding FL Quiz

What is the ideal MoFR or MoCR that a LC should have?

• 4

• 6

• 10

• 12

Answer explanation

The current MoFR and MoCR of LC Sunway is about 12 which is above the ideal MoFR and MoCR.

What is the difference between MoFR and MoCR?

• MoFR is measuring LC ability to pay fixed cost with current cash available; MoCR is measuring LC ability to pay fixed cost with current assets available.

• MoFR is measuring LC ability to pay fixed cost with current liability available; MoCR is measuring LC ability to pay fixed cost with current cash available.

• MoFR is measuring LC ability to pay fixed cost with current budgeted revenue available; MoCR is measuring LC ability to pay fixed cost with current cash available.

• MoFR is measuring LC ability to pay fixed cost with current assets available; MoCR is measuring LC ability to pay fixed cost with current cash available.

Which of the following are included in FL Standards? (Choose all that apply)

• Budgeting

• Auditing

• Investing

• Data Protection

Answer explanation

The Finance and Legal Standards include Legalities, Accounting, Budgeting, Reporting, Analysing, Investing, Auditing and Risk Management.

Which standard does the Finance Education Cycle under?

• Reporting

• Analysing

• Risk Management

• Legalities

What is the definition of "a plan that allows a nonprofit to sustain itself over the long term so it is able to continue to support its mission"?

Why is sustainability important? (choose all that apply)

• To allow projects to continue operating

• To allow more people to join AIESEC

• To earn more money

• To create more impact in the future

What is the profitability benchmark of oGV?

• 50%

• 70%

• 90%

• 100%

Which of the following are the roles of FL on assisting other departments? (choose all that apply)

• Venue Booking

• Generate MYV Receipts

• Review Budget

• Review Agreement

From the FL Resources, which of the following contributes to the revenue stream of our LC?

• National Affiliation Fee

• AIESEC in Sunway Roll Call

• Malaysian Youth Volunteer (MYV)

• Learning Partner (LP)

Answer explanation

Malaysian Youth Volunteer is the main revenue stream for our LC currently and other revenue streams include Global Volunteer, Youth Speak Forum, Financial Partnership and Sponsorship, Profit Strategies, Membership Fees and others

According to FL Resources, how many LC Partner documents do FL manage?

• 5

• 3

• 4

• 2