Global Scholars’ Resource Hub

This document offers a detailed question-and-answer format review of key topics covered on the Certified Research Administrator (CRA) exam. It includes accurate definitions and distinctions across funding mechanisms (grants, contracts, cooperative agreements), major federal agencies and their roles, proposal elements, cost principles, types of financial reports, and research compliance topics. It also covers institutional roles and U.S. regulations relevant to research administration, such as NI...

Transfer payments correct answers A payment made by a govt for which no goods or services are given in return Intermediation correct answers The transfer of funds from savers to borrowers through the services of a financial intermediary Product (output) markets correct answers A market in which businesses supply finished goods and service to households, other businesses and governments Labor markets correct answers A market in which households offer their labor to businesses and governm...

Interest on investments, 3 factors affect their growth correct answers 1. Interest rate 2. The type of interest 3. The time period during which the invested principal earns interest Interest rates correct answers Remember that interest is a fee that individuals and financial institutions pay (or charge) for the use of borrowed money. And the amount of interest earnings depends on the interest rate that's applied to the principal. Interest rates are usually stated in decimal form, so a...

Economy correct answers The part of the environment that includes all of the elements affecting the production, distribution, and consumption of goods and services. economies exist at three different levels - local economies: include the activities of people, businesses, and governments in individual neighborhoods, cities, provinces, territories, or states. - national economies: include the activities of people, businesses, and governments in all local economies in a nation. - global econ...

waiver of premium for payor benefit correct answers insurer waives renewal premiums if the policy owner, rather than the insured, dies or becomes totally disabled (must provide evidence of insurability) Contracts of Indemnity correct answers base benefits on the actual amount of the financial loss that results from a covered event when it occurs, subject to maximum limits (other than life insurance) Valued Contract correct answers life insurance policies which state the benefit payable at ...

Financial services industry correct answers An industry in which financial institutions help people, businesses, and governments with their asset accumulation, asset management, and asset protection needs Financial institutions correct answers A business that owns primarily financial assets, such as stock and bonds, rather than fixed assets, such as equipment and raw materials Depository institution correct answers A financial institution that specializes in accepting deposits and making l...

BUS 237 FINAL || ACTUAL QUESTIONS WITH A GRADED SOLUTIONS!! BUS 237 Mid-term Questions || CORRECTLY ANSWERED; TO SCORE A !! BUS 237 NOTES CHAPTERS 7-12 || EXAM-STYLE QUESTIONS WITH 100% CORRECT ANSWERS!! BUS 237 Quizzes || QUESTIONS & ANSWERS; 100% CORRECT (A GRADED) Bus 237 Test-Bank Chapter 1 || QUESTIONS WITH 100% CORRECT SOLUTIONS!!

Business Processes correct answers • We are surrounded by business processes • Understanding how things work helps us to make us more valuable members of the economy Business Process correct answers describes a set of activities that are necessary to complete a response to a stimulus applied to an organization Business Process - A response correct answers • The response is the action(s) that the organization takes as a result of the stimulus EX) Ship product to customer, update in...

How Did This Stuff Get Here? correct answers • Business processes must work together • Each business must - Obtain payment - Cover costs - Make profit • A cup of coffee and a muffin at the Tim Hortons - Ordering - Receiving - Storing - Paying Business Process correct answers a series of activities, tasks or steps designed to produce a product or service • Sometimes referred to as a business system example: Inventory management processes → manufacturing processes...

- Where does IT stand? correct answers - IT always supports businesses What is IT/IS? correct answers IS is a combination of IT and people + procedures - Information vs. Computer literarcy - Data vs. information. IS is here to help - Digital firm is using IT to recreate company. Every firm can be a digital (Tea Collection) 6 business objectives of information systems correct answers 1. Operational excellence 2. New products, services, and business models 3. Customer and supplier in...

What you should do= correct answers What you can technically do + what you can legally do + what you can morally do Information system(IS) correct answers Group of components that interact to produce information 6 fundamentals components of computer based software: correct answers - Hardware - Software - Data - People - Procedures - Communication Data acts as a ____ between the computer side and human side correct answers bridge MIS correct answers - IS to achieve business gaols...

False correct answers MIS only matters to MIS majors and not to students in other business disciplines. True correct answers Information systems are not created for the sheer joy of exploring technology. False correct answers You must be a technology wizard to achieve the company's goals and objectives using IT. True correct answers Moore's Law can be expressed as "the speed of a computer chip doubles every 20 months." True correct answers In the next decade unlimited sto...

Data is the same as Information. The terms are interchangeable. - True - False correct answers False Why is there a "people" component in IS? - Because people design it - All of these - Because people use it - Because people support it correct answers Because people use it Ultimately an IS should be able to help manager to ________________. create more manpower reduce environmental impact None of these create business solution correct answers create business solution Ev...

one way to gain competitive advantage using information systems is through business process correct answers true it is illegal to use a shared supply chain management system to infer what your competitors inventory levels are correct answers false it is illegal to use a shared supply chain management system to infer what your competitor's inventory levels are correct answers false using MIS, one way to gain competitive advantage is to enhance the product or service by applying techno...

MIS correct answers Comprise the development and use of information systems that help organizations achieve their goals and objectives Key elements -Development and use -Information systems -Goals and objectives System correct answers a group of components that interact to achieve some purpose Information System (IS) correct answers -a group of components that interact to produce information -combine the people and procedures they use to make technology work for business Informa...

Applications correct answers Computer programs Hardware correct answers Refers to the electronic components and associated gadgetry that constitute a computer system. Five Component Framework correct answers The five fundamental components of an information system—computer hardware, software, data, procedures, and people—that are present in every information system, from the simplest to the most complex. Information and Communication Technology (ICT) Sector correct answers Provides ...

system correct answers group of components that interact to achieve some purpose information system correct answers purpose is to produce information Five Component Framework of IS correct answers 1) hardware 2) software 3) data 4)procedures 5)people hardware correct answers electronic component and associated gadgetry that constitute a computer system software correct answers non-hardware components of a system, programs(or applications) that run or operate on computer systems ...

According to Industry Canada, what were the revenues of the Canada ICT sector in 2010? correct answers 162 billion What was the total number of Canadian workers employed by the ICT sector in 2010 according to Industry Canada? correct answers 563 000 Which of the following segments of the ICT sector in Canada is responsible for the majority of this sectors revenue, according to Industry Canada? correct answers Services What does ICT stand for? a. Information Communications Terminology...

Porter's Five Competitive Forces correct answers Bargaining power of customers Threat of substitutions Bargaining power of suppliers Threat of new entrants Rivalry among existing firms Porter's Four Competitive Strategies correct answers Cost leadership across industry Cost leadership focused on particular industry segment Differentiation across industry Differentiation focused on particular industry segment Value Chain correct answers Network of value-creating activities. ...

2 basic ways to gain competitive advantage through systems: correct answers 1. Changing the product 2. Business Process Porter's Value Chain correct answers Functional Systems correct answers Facilitate the work of a single department or business function. May also be called functional silos because they work independent of others. Cross-functional systems correct answers These systems integrate data and business processes across different departments and systems Inter-organizat...