Which of the following statements regarding costs under federal awards is not true?
A. Direct costs are those that can be identified specifically with a particular cost objective.
B. For major not-for-profit organizations and institutions of higher learning, indirect costs must be classified within two broad categories termed "facilities" and "administration."
C. Several costs are allowable under highly restrictive conditions and generally require the explicit approval of the grantor agency.
D. Only items of cost specifically mentioned in a grant, contract, or other agreement document are allowable.
Answer: D
You might also like to view...
A massive effort dubbed as "Mose Project" is underway in Venice in order to:
A) promote passive tourism. B) reduce the number of billboards on historic sites. C) provide biblical information to tourists. D) prevent flooding. E) modernize accommodations.
The means of differentiation that are often most compelling to consumers relate to aspects of the product and service
Indicate whether the statement is true or false
Flighting as an advertising timing pattern is most useful when ________
A) purchase cycle is rather frequent B) substantial advertising budget is available C) items are seasonal D) tightly defined buyer categories exist E) there are expanding market situations
Which of the following describes the similarities of memos and emails?
A) Memos and emails are both typically sent only to internal audiences. B) Memos and emails have very little in common. C) Unlike emails, memos should address multiple topics. D) Like emails, memos should include complimentary closings and signatures at the end. E) Memos are often longer than the recommended length for emails.