Which of the Following Statements Regarding Costs Under Federal Awards

question 46

Multiple Choice

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

• 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:

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Predictive Browsing

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Switch Between Tabs

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A keyboard shortcut commonly used to switch between tabs in browsers and other software applications.