Are you a certification student preparing for exams, or someone who just wants to test your threshold of fleet knowledge? NAFAConnection presents a monthly quiz to help you on the road to certification or just measure your skills. Give it a try!
Instructions: Copy and paste the quiz fields or print this article. Fill in your answers - include your name and email address - and send in your results by email by 12:00 noon (Eastern) this Friday, September 21, to be in the running for a $20 Starbucks gift card.
Also, five people who return correct answers by Friday, September 21, will be entered in an additional drawing to take place in December. The winner will be chosen at random and will receive one free registration to a NAFA program of their choice in 2019.
Financial Management – Acquisition
The world of fleet pricing can be complicated and confusing. It is important for fleet professionals to know and understand the following terms.
Identify the following descriptions from the items listed below.
| Question | Answer |
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1) Money paid by manufacturer to dealer
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2) Amount paid by factory to dealership
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3) Amount a dealer pays the manufacturer
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4) Negotiated rebates in addition to
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5) An equation: Invoice minus holdback
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Your choices are:
A. Advertising
B. Bid assistance
C. Dealer/factory invoice
D. MSRP
E. Factory to dealer incentives
F. Financing
G. Threshold pricing
H. Holdback
I. Triple Net
Print the quiz or copy/paste to email, match the letter with the description, and send your quiz answers to education@nafa.org with your name and return email address.
Interested in learning more? NAFA offers various ways to engage with valuable fleet education, from single module Fleet Discipline Certificates of Completion to the entire eight-discipline Certified Automotive Fleet Manager (CAFM®) program. To begin your certification process, click here to learn more and register.
NAFA Fleet Management Association
http://www.nafa.org/