Facilities & Administrative (F&A) and Indirect Costs (IDC) Quiz
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Questions and Answers

Which activities are included in the category of Organized Research?

  • Departmental research
  • Programs and projects financed by agencies
  • Research and development activities (correct)
  • Teaching and training activities

    • Under what circumstances is an Organized Research rate of 58.5% appropriate?

  • When teaching and training activities are involved
  • When departmental research is conducted
  • When work other than instruction and organized research is performed
  • When any of the above is true (correct)

    • What is the definition of Instruction?

  • Research and development activities
  • Teaching and training activities (correct)
  • Programs and projects financed by agencies
  • Departmental research

    • When is an Instruction rate of 50% appropriate?

    <p>When any of the above is true</p> Signup and view all the answers

    What does Other Sponsored Activities refer to?

    <p>Programs and projects financed by agencies</p> Signup and view all the answers

    A statement of financial position is intended to help investors and creditors

    <p>Evaluate economic resources and obligations of a firm.</p> Signup and view all the answers

    A statement of cash flows prepared using the indirect method would have cash activities listed in which one of the following orders?

    <p>Operating, investing, financing.</p> Signup and view all the answers

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