Which of the Following Statements Regarding Costs Under Federal Awards

question 28

Multiple Choice

Which of the following statements regarding costs under federal awards is not True?

• A) Only items of cost specifically mentioned in a grant, contract, or other agreement document are allowable.
• B) Several costs are allowable under highly restrictive conditions and generally require the explicit approval of the grantor agency.
• C) For major not-for-profit organizations and institutions of higher learning, indirect costs must be classified within two broad categories termed "facilities" and "administration."
• D) Direct costs are those that can be identified specifically with a particular cost objective.

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Definitions:

Primary Visual Cortex

The region of the brain located in the occipital lobe that processes visual information received from the eyes.

Visual Signals

Information conveyed through visual cues such as gestures, symbols, signs, and expressions, often used in communication.

Broca's Aphasia

A language disorder characterized by difficulties in speech production, caused by damage to Broca's area in the left hemisphere of the brain.

Symptoms

The signs or indications of a condition, illness, or disease, experienced by an individual and often used in diagnosing medical issues.