CGMS STUDY GUIDE Questions with Correct Solutions
Question:
1. Subpart A - Acronyms and Definitions
Answer:
NOT SOURCE-VERIFIED — REVIEW REQUIRED: The study term or label is "Subpart A -
Acronyms and Definitions". Its definition or intended question is not sufficiently specified in
the source to produce a verified answer; check the relevant course glossary or diagram.
Question:
2. Subpart B - General Provisions
Answer:
Applicability Exceptions Federal Agency Implementation Conflict of Interest and Mandatory
Disclosures
Question:
3. Subpart C - Pre- Award Reqts and Contents of Fed' Awards
Answer:
Purpose and Highlights Fixed Amount Awards Notice of Funding Opportunities Application
Merit Based Review Risk Posed by the Applicant/Risk Assessment Cost Analysis Specific
Conditions Certifications and Award Notice
Question:
4. Subpart D - Post Award Requirements
Answer:
Internal Controls Performance Measurement Financial Management of a Grant Payment Cost
Sharing or Matching Program Income Revision of Budget and Program Plans Property
Standards Procurement Standards Performance and Financial Monitoring Subrecipient
Monitoring Record Retention Remedies for Noncompliance Closeout and Post Close Out
Requirements
Question:
5. Subpart E - Cost Principles
Answer:
Basic Considerations Factors affecting Allowability Prior Written Approval Limitations on the
Allowance of Cost Cost Principles Continued Special Considerations Classification of Cost
Indirect Cost Rate Proposal/De Minimis Rate
Question:
1. Subpart A - Acronyms and Definitions
Answer:
NOT SOURCE-VERIFIED — REVIEW REQUIRED: The study term or label is "Subpart A -
Acronyms and Definitions". Its definition or intended question is not sufficiently specified in
the source to produce a verified answer; check the relevant course glossary or diagram.
Question:
2. Subpart B - General Provisions
Answer:
Applicability Exceptions Federal Agency Implementation Conflict of Interest and Mandatory
Disclosures
Question:
3. Subpart C - Pre- Award Reqts and Contents of Fed' Awards
Answer:
Purpose and Highlights Fixed Amount Awards Notice of Funding Opportunities Application
Merit Based Review Risk Posed by the Applicant/Risk Assessment Cost Analysis Specific
Conditions Certifications and Award Notice
Question:
4. Subpart D - Post Award Requirements
Answer:
Internal Controls Performance Measurement Financial Management of a Grant Payment Cost
Sharing or Matching Program Income Revision of Budget and Program Plans Property
Standards Procurement Standards Performance and Financial Monitoring Subrecipient
Monitoring Record Retention Remedies for Noncompliance Closeout and Post Close Out
Requirements
Question:
5. Subpart E - Cost Principles
Answer:
Basic Considerations Factors affecting Allowability Prior Written Approval Limitations on the
Allowance of Cost Cost Principles Continued Special Considerations Classification of Cost
Indirect Cost Rate Proposal/De Minimis Rate
