CGMS Practice Exam with correct
answers rated a+
Atecloseout,ewhatemusterecipientsedoeregardingerealepropertyethateisenoelongereneededetoeachievee
theeobjectiveeforewhicheitewaseoriginallyepurchased?e-
eCORRECTeANSWERSeRequestedispositioneinstructionsefrometheegrantor.
Whoeiserequiredetoesubmitefinancialeandeperformanceereports?e-
eCORRECTeANSWERSeRecipientseduringetheeawardeperiods.
Recipientsemayenegotiateewithetheefederaleawardingeagencyeaboutewhicheofetheefollowingeprovisio
ns?e-
eCORRECTeANSWERSeTheetransfereofefundseamongedirectecostecategoriesetoeeffectebudgetechanges
eforeawards
Howemayeprogrameincomeebeeusedeasespecifiedeineaefederalegrantseaward?e-
eCORRECTeANSWERSeToefurthereeligibleeactivitieseforethategrant
Ineadditionetoetheeawardedollareamount,ewhateotheredollareamounteiseprovidedeonetheenoticeeofea
ward?e-eCORRECTeANSWERSeNon-federalecosteshare
Inetheeabsenceeofespecialeconditions,ewhenewouldeexemptepropertyebeereturnedeoreproceedsefrom
etheesaleeofethatepropertyebeeprovidedetoetheegrantor?e-eCORRECTeANSWERSeNever
Theefederalerecipienteoresubrecipienteshallemakeeequipmenteavailableeforeuseeoneothereprojectseor
eprogramsecurrentlyeorepreviouslyesupportedebyetheefederalegovernment,eprovidingethatewhatecon
ditioneapplies?e-
eCORRECTeANSWERSeThateequipmentehasebeenedepreciatedetoeaneamountelessethane$5,000
answers rated a+
Atecloseout,ewhatemusterecipientsedoeregardingerealepropertyethateisenoelongereneededetoeachievee
theeobjectiveeforewhicheitewaseoriginallyepurchased?e-
eCORRECTeANSWERSeRequestedispositioneinstructionsefrometheegrantor.
Whoeiserequiredetoesubmitefinancialeandeperformanceereports?e-
eCORRECTeANSWERSeRecipientseduringetheeawardeperiods.
Recipientsemayenegotiateewithetheefederaleawardingeagencyeaboutewhicheofetheefollowingeprovisio
ns?e-
eCORRECTeANSWERSeTheetransfereofefundseamongedirectecostecategoriesetoeeffectebudgetechanges
eforeawards
Howemayeprogrameincomeebeeusedeasespecifiedeineaefederalegrantseaward?e-
eCORRECTeANSWERSeToefurthereeligibleeactivitieseforethategrant
Ineadditionetoetheeawardedollareamount,ewhateotheredollareamounteiseprovidedeonetheenoticeeofea
ward?e-eCORRECTeANSWERSeNon-federalecosteshare
Inetheeabsenceeofespecialeconditions,ewhenewouldeexemptepropertyebeereturnedeoreproceedsefrom
etheesaleeofethatepropertyebeeprovidedetoetheegrantor?e-eCORRECTeANSWERSeNever
Theefederalerecipienteoresubrecipienteshallemakeeequipmenteavailableeforeuseeoneothereprojectseor
eprogramsecurrentlyeorepreviouslyesupportedebyetheefederalegovernment,eprovidingethatewhatecon
ditioneapplies?e-
eCORRECTeANSWERSeThateequipmentehasebeenedepreciatedetoeaneamountelessethane$5,000