CRA ACRP FINAL PRACTICE EXAM 2026
COMPLETE QUESTIONS WITH DETAILED
SOLUTIONS AND VERIFIED ANSWERS
◉ SD-272- federal cash transaction report. Answer: 1
grant/cooperative agreement
◉ ASAP
Automated Standard Application for Payments. Answer: a secure,
web-based all electronic payment and information application that
allows federal agencies to choose from three payment models to fit
their financial needs and streamline operations at no charge to
federal agencies and their recipients.
Grant Payment Program: Allows grantee "recipient" organizations to
draw from accounts pre-authorized by federal agencies.
1031/Letter of Credit (LOC) Payment Program: Makes
reimbursement payments to financial agents for financial services
performed for either Fiscal Service or other federal agencies.
Debit Card Payment Program: Allows federal agencies to quickly
provide the flexibility of cash with the added protection of a loadable
debit card in order to reduce liability.
◉ SBIR/STTR. Answer: Requires agencies to give high priority to
manufacturing-related research & development
,◉ NSF requires institutions to provide training and oversight in the
responsible and ethical conduct of research to which groups?.
Answer: undergrads, grad students, postdoc researchers
◉ NSF proposals and reporting. Answer: research.gov
◉ Overhead rate NIH restricts foreign governments to. Answer: 8%
◉ CFR 200.433 Contingency funds. Answer: generally not allowed
request can be made at the award stage pending agency approval as
long as its within CFR and general accounting guidelines
◉ A safety data sheet (SDS),[1] material safety data sheet (MSDS), or
product safety data sheet (PSDS). Answer: an important component
of product stewardship, occupational safety and health, and spill-
handling procedures. SDS formats can vary from source to source
within a country depending on national requirements.
SDSs are a widely used system for cataloging information on
chemicals, chemical compounds, and chemical mixtures. SDS
information may include instructions for the safe use and potential
hazards associated with a particular material or product. The SDS
should be available for reference in the area where the chemicals are
being stored or in use.
, There is also a duty to properly label substances on the basis of
physico-chemical, health and/or environmental risk. Labels can
include hazard symbols such as the European Union standard
symbols.
◉ FAR clause: 2-52.227-7039. Answer: 2 = chapter number
◉ Federal Financial Assistance Management Improvement Act (P.L.
106-107). Answer: enacted in 1999
The purposes of the Act are to (1) improve the effectiveness and
performance of Federal financial assistance programs, (2) simplify
Federal financial assistance application and reporting requirements,
(3) improve the delivery of services to the public, and (4) facilitate
greater coordination among those responsible for delivering the
services.
◉ Agency that does not fund health research. Answer: NSF
◉ Shelby Amendment. Answer: require Federal awarding agencies
to ensure that all data produced under an award will be made
available to the public through the procedures established under the
Freedom of Information Act
permits members of the public to gain access to research data
generated through the use of public funds
COMPLETE QUESTIONS WITH DETAILED
SOLUTIONS AND VERIFIED ANSWERS
◉ SD-272- federal cash transaction report. Answer: 1
grant/cooperative agreement
◉ ASAP
Automated Standard Application for Payments. Answer: a secure,
web-based all electronic payment and information application that
allows federal agencies to choose from three payment models to fit
their financial needs and streamline operations at no charge to
federal agencies and their recipients.
Grant Payment Program: Allows grantee "recipient" organizations to
draw from accounts pre-authorized by federal agencies.
1031/Letter of Credit (LOC) Payment Program: Makes
reimbursement payments to financial agents for financial services
performed for either Fiscal Service or other federal agencies.
Debit Card Payment Program: Allows federal agencies to quickly
provide the flexibility of cash with the added protection of a loadable
debit card in order to reduce liability.
◉ SBIR/STTR. Answer: Requires agencies to give high priority to
manufacturing-related research & development
,◉ NSF requires institutions to provide training and oversight in the
responsible and ethical conduct of research to which groups?.
Answer: undergrads, grad students, postdoc researchers
◉ NSF proposals and reporting. Answer: research.gov
◉ Overhead rate NIH restricts foreign governments to. Answer: 8%
◉ CFR 200.433 Contingency funds. Answer: generally not allowed
request can be made at the award stage pending agency approval as
long as its within CFR and general accounting guidelines
◉ A safety data sheet (SDS),[1] material safety data sheet (MSDS), or
product safety data sheet (PSDS). Answer: an important component
of product stewardship, occupational safety and health, and spill-
handling procedures. SDS formats can vary from source to source
within a country depending on national requirements.
SDSs are a widely used system for cataloging information on
chemicals, chemical compounds, and chemical mixtures. SDS
information may include instructions for the safe use and potential
hazards associated with a particular material or product. The SDS
should be available for reference in the area where the chemicals are
being stored or in use.
, There is also a duty to properly label substances on the basis of
physico-chemical, health and/or environmental risk. Labels can
include hazard symbols such as the European Union standard
symbols.
◉ FAR clause: 2-52.227-7039. Answer: 2 = chapter number
◉ Federal Financial Assistance Management Improvement Act (P.L.
106-107). Answer: enacted in 1999
The purposes of the Act are to (1) improve the effectiveness and
performance of Federal financial assistance programs, (2) simplify
Federal financial assistance application and reporting requirements,
(3) improve the delivery of services to the public, and (4) facilitate
greater coordination among those responsible for delivering the
services.
◉ Agency that does not fund health research. Answer: NSF
◉ Shelby Amendment. Answer: require Federal awarding agencies
to ensure that all data produced under an award will be made
available to the public through the procedures established under the
Freedom of Information Act
permits members of the public to gain access to research data
generated through the use of public funds
