QUESTIONS WITH EXPLANATIONS AND
VERIFIED ANSWERS ALREADY PASSED
◉ What are examples of intangible property?
a) Trademarks, Copyrights, Patents
b) Capital Equipment
c) Intellectual Property
d) N/A. Answer: A
◉ Which act establishes overtime pay for hours worked by
contractor employees in excess of 40 hours per week, and sets the
min wage equal to the prevailing wage?
a) Davis-Bacon
b) McNamara-O'Hara Service Contract Act
c) Walsh-Healey Public Contracts Act
d) Copeland anti-kickback act. Answer: C
◉ McNamara-Ohara Service Contract Act of 1965. Answer: Requires
general contractors/subcontractors on prime contracts in excess of
,$2,500 to pay service employees no less than the wage rates and
fringe benefits known as prevailing wage
◉ Which federal department could use eBRAP system for proposal
submissions?
a) Dept of Ed
b) DHHS
c) Dept of Energy
d) Dept of Defense. Answer: D
◉ How many grants/contracts/coorperative agreements are
generally on the federal cash transaction report SF-272?
a) Not required
b) 1
c) 5
d) 10. Answer: B
◉ What are generally accepted government auditing standards
known as?
a) Audit Report
,b) Yellow Book
c) GAAP
d) No other name. Answer: B
◉ ORI oversees and directs:
a) PHS on behalf of DHHS except for FDA
b) PHS on behalf of DHHS
c) NSF
d) FDA. Answer: A
◉ Notice of funding opportunities states that federal awards should
be posted for a min of how many days?
a) 15
b) 60
c) 30
d) Don't need to post. Answer: C
◉ What FAR clause stipulates policies and procedures for standard
forms?
, a) FAR 50
b) FAR 52
c) FAR 53
d) FAR 51. Answer: C
◉ What act led to the creation of OMB?
a) Davis Bacon Act of 1931
b) Budget and Accounting Act of 1921
c) Bayh-Dole Act of 1980
d) Federal Financial Assistance Management Improvement act of
1999. Answer: B
◉ What is the best source for University research and development
information on US institutions (administered by NSF)?
a) The higher education research and development survey
b) CENSUS
c) Survey of research and development expenditures at universities
and colleges
d) STAR metrics. Answer: A