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:

Exit & Repair Button

A feature in some software applications intended to close the current session and initiate a diagnostic or repair process.

Save Button

A graphical user interface element that allows the user to save changes made to a document or file.

Access Report

A feature in Microsoft Access that allows users to create a formatted printout or summary of the data from various queries or tables.

Fields

In databases and forms, specific areas designated for the input or display of particular pieces of data.