AFSB 152 THE INSTITUTES UPDATED EXAM
SCRIPT WITH COMPLETE ANSWERS
◉ What is the total project cost of a $500,000 Equipment Grant with
a 20% match requirement, if the institution's F&A rate is 50%?
Answer: $500,000/80% = $625,000
20% match required, therefore award is 80% of total project cost
$500,000 divided by 80% = $625,000 total project cost
◉ The Department of Energy is over the
Answer: a. Office of Science
b. National Science Foundation
c. Environmental Protection Agency
d. Office of Naval Research
◉ A Disclosure Statement is required for educational institutions
that receive aggregate sponsored agreements totaling
Answer: $25 Million
◉ Which of the following best describes when a substantial
involvement is anticipated between the sponsor and recipient?
,Answer: a cooperative agreement
◉ A type of assistance award and a legal instrument which permits a
federal agency to transfer money, property, services or other things
of value to a grantee when no substantial involvement is anticipated
between the agency and the recipient during the performance of the
contemplated activity
Answer: Grant
◉ (1) The purpose of the relationship is the transfer, between a
federal agency and a non-federal entity, of money, property, services,
or anything of value to accomplish a public purpose authorized by
law, rather than by purchase, lease, or barter, for the direct benefit or
use of the federal government.
(2) Substantial involvement is anticipated between the federal
agency and the cooperative during the performance of the agreed
upon activity.
(3) The cooperative is a state or local government entity or any
person or organization authorized to receive federal assistance or
procurement contracts.
Answer: Cooperative agreement
◉ One module in a NIH Modular Grant is equal to
,Answer: $25,000
◉ Which of following is not covered under expanded authorities?
Answer: a. change in budget
b. one year no cost extension
c. change in PI
d. 90 day pre-award costs
◉ Cost incurred for a common purpose are considered
Answer: a. direct costs
b. indirect costs
c. unallowable costs
d. both direct and indirect costs
◉ Which of the following is not a basic underlying ethical principle
in the protection of human subjects?
Answer: a. Justice
b. Respect for Persons
c. Beneficence
d. Cure
◉ A SF 272 reports the following
, Answer: a. non-federal cost share
b. federal cash transactions
c. federal expenditures
d. all federal assistance
◉ Which of the following covers cost principals?
Answer: a. OMB Circular A-87
b. OMB Circular A-102
c. OMB Circular A-133
d. 37 CFR Part 401
◉ NSF salary for senior personnel is limited to
Answer: a. 3 months
b. 1 1/2 months
c. 2 months
d. 1 month
◉ How often must the IACUC inspect facilities?
Answer: a. annually
b. quarterly
c. when requested
d. semi-annually
SCRIPT WITH COMPLETE ANSWERS
◉ What is the total project cost of a $500,000 Equipment Grant with
a 20% match requirement, if the institution's F&A rate is 50%?
Answer: $500,000/80% = $625,000
20% match required, therefore award is 80% of total project cost
$500,000 divided by 80% = $625,000 total project cost
◉ The Department of Energy is over the
Answer: a. Office of Science
b. National Science Foundation
c. Environmental Protection Agency
d. Office of Naval Research
◉ A Disclosure Statement is required for educational institutions
that receive aggregate sponsored agreements totaling
Answer: $25 Million
◉ Which of the following best describes when a substantial
involvement is anticipated between the sponsor and recipient?
,Answer: a cooperative agreement
◉ A type of assistance award and a legal instrument which permits a
federal agency to transfer money, property, services or other things
of value to a grantee when no substantial involvement is anticipated
between the agency and the recipient during the performance of the
contemplated activity
Answer: Grant
◉ (1) The purpose of the relationship is the transfer, between a
federal agency and a non-federal entity, of money, property, services,
or anything of value to accomplish a public purpose authorized by
law, rather than by purchase, lease, or barter, for the direct benefit or
use of the federal government.
(2) Substantial involvement is anticipated between the federal
agency and the cooperative during the performance of the agreed
upon activity.
(3) The cooperative is a state or local government entity or any
person or organization authorized to receive federal assistance or
procurement contracts.
Answer: Cooperative agreement
◉ One module in a NIH Modular Grant is equal to
,Answer: $25,000
◉ Which of following is not covered under expanded authorities?
Answer: a. change in budget
b. one year no cost extension
c. change in PI
d. 90 day pre-award costs
◉ Cost incurred for a common purpose are considered
Answer: a. direct costs
b. indirect costs
c. unallowable costs
d. both direct and indirect costs
◉ Which of the following is not a basic underlying ethical principle
in the protection of human subjects?
Answer: a. Justice
b. Respect for Persons
c. Beneficence
d. Cure
◉ A SF 272 reports the following
, Answer: a. non-federal cost share
b. federal cash transactions
c. federal expenditures
d. all federal assistance
◉ Which of the following covers cost principals?
Answer: a. OMB Circular A-87
b. OMB Circular A-102
c. OMB Circular A-133
d. 37 CFR Part 401
◉ NSF salary for senior personnel is limited to
Answer: a. 3 months
b. 1 1/2 months
c. 2 months
d. 1 month
◉ How often must the IACUC inspect facilities?
Answer: a. annually
b. quarterly
c. when requested
d. semi-annually
