Each Federal Financial Assistance Program Has Specific Compliance Requirements

question 10

Multiple Choice

Each federal financial assistance program has specific compliance requirements. Which of the following is not an example of the general nature of the specific compliance requirements?

• A) Eligibility of individuals or groups to participate in the program.
• B) Allowability of certain types of goods or services that may be acquired.
• C) Maximum dollar amounts of expenditures.
• D) Matching fund requirements.

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Definitions:

Expectations Decrease

A reduction in the anticipated or desired outcomes, often leading to adjusted objectives or satisfaction levels.

Rough Order of Magnitude

An early estimate that gives a general sense of a project's size, cost, or duration, often with wide variances.

Ballpark Estimate

A rough approximation or preliminary calculation of cost or value, not intended to be exact but giving a general idea.

Risk Analysis

The systematic study and assessment of potential hazards that could impede achieving project or organizational goals, focusing on prevention and mitigation strategies.