State and Local Governments and Not-For-Profit Organizations That Receive Grants

question 12

Multiple Choice

State and local governments and not-for-profit organizations that receive grants or contracts from the federal government should charge costs of these grants or contracts in conformity with:

• A) Cost Accounting Standards Board standards.
• B) Office of Management and Budget circulars.
• C) Financial Accounting Standards Board standards.
• D) Governmental Accounting Standards Board standards.

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Definitions:

Literal Value

A fixed value explicitly presented in source code, such as numerical constants, character constants, or string literals.

Identifier

A name used in programming to identify variables, functions, classes, modules, and other elements.

Unary Arithmetic Expression

An expression in computer programming that involves an operator and only one operand; examples include increment (++), decrement (--) operations.

LiteralValue

A value explicitly written in the code, representing a fixed value such as a number, string, or boolean.