This occurs when one person takes more risks because someone else bears the cost of those risks.
What is a moral hazard?
100
TCU sold $150 million worth of bonds in less than this amount of time.
What is two minutes?
200
Many institutions that have failed in recent years have made the mistake of taking too much money from this long-term revenue source
What is the endowment?
200
Financial resources provided by the state to the university, which expenditures must be consistent with state law and legislative intent.
What is state appropriated funds?
200
These units, which are expected to generate enough income to be self-sustaining, include student housing, dining services, and student unions.
What are auxiliary units?
200
In higher education, we should be careful when discussing these two often-confused terms, one of which is in the title of the Archibald & Feldman text.
What are cost and price?
200
This woman bequeathed her estate to TCU to spite her husband who had her held in an insane asylum.
Who is Mary Couts Burnett?
300
An example of an alternative source of revenue for institutions as they strive to maintain financial strength.
What is bookable event space, an athletic program, continuing education courses, corporate sponsorships, etc.?
300
This federally funded program assists students with the costs of college, where students earn financial funding through a part-time work program.
What is the federal work-study program?
300
The budget often funding activities such as replacing computers and renovating libraries.
What is the capital budget?
300
The price of higher education has price behavior most similar to what other group?
What are Highly educated service providers—i.e. doctors, lawyers, dentists, etc.?
300
This former TCU CEO said the following words: “We do a strategic planning document every year. It’s called our budget.”
Who is Chancellor Emeritus Bill Tucker?
400
One reason accounting for the rise in costs for higher education.
What is employing highly-educated workers, demand for more services, demand for nicer facilities, lower state funding, etc.?
400
Intercollegiate athletics is the most striking example of rising costs associated with this portion of the United States Education Amendments of 1972.
What is Title IX?
400
Timbutku University uses this method of budgeting, which requires the consideration of multiple variables in order to determine allocation of resources.
What is formula budgeting?
400
This happens when productivity does not change but wages increase over time.
What is cost disease?
400
At this institution, every position on the football team has an endowed scholarship.
What is the University of Southern California (USC)?
500
In 2013, Texas A&M University paid Texas Wesleyan University $73.2 million for the acquisition of this former TWU program.
What is Texas Wesleyan’s School of Law?
500
The largest federal subsidy granted to colleges and universities.
What is tax exemption?
500
According to Barr and McClellan, this most common mistake made by budget managers can often occur by “simple arithmetic error or faulty assumptions.”
What is overestimating revenue?
500
This happens when there is an economic disincentive to work.
What is shirking?
500
According to Dr. Mills, creating one of these can help tell your story, though it sounds more related to math than to literature.