For Governments That Expend Less Than $25 Million of Federal

question 12

Multiple Choice

For governments that expend less than $25 million of federal awards during a year, each federal program for which it expended $750,000 or more is

• A) Always treated as a major federal program.
• B) Treated as a major federal program if it is a high risk Type B program.
• C) Treated as a major federal program if it has not been audited as a major program in either of the two previous years.
• D) Treated as a major federal program only if needed to meet the 40% test.

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Definitions:

Retail Ownership

The possession and control of a retail business, which involves selling goods directly to consumers.

Aeon

In various mythologies, a vast, indefinite period of time, often used to describe an age or era of the universe.

Carrefour

A multinational retail corporation headquartered in France, known for its chain of hypermarkets, supermarkets, and convenience stores around the world.

Tesco

A British multinational groceries and general merchandise retailer, one of the world's largest supermarket chains.