CRA EXAM- OVERALL & UG (LATEST UPDATE) REAL
QUESTIONS AND VERIFIED ANSWERS |100% CORRECT |
ALREADY GRADED
Catalog of Federal Domestic Assistance (CFDA) Ans✓✓✓ •
Compendium of Federal programs, projects, services, and activities that
provide assistance or benefits to the American public
• Includes programs for State or States territorial possession, county, city
other political subdivision, grouping, or instrumentality thereof; any
domestic profit or nonprofit corporation, institution, or individual, other
than an agency of the Federal government
Federal Register (FR) Ans✓✓✓ The daily journal of the United States
Government
Code of Federal Regulations (CFR) Ans✓✓✓ Codification of the
general and permanent rules published in the Federal Register
Uniform Guidance Summary Ans✓✓✓ "To deliver on the promise of a
21st Century government that is more efficient, effective and
transparent, the Office of Management and Budget (OMB) is
streamlining the Federal government's guidance on Administrative
Requirements, Cost Principles, and Audit Requirements for Federal
Awards...This reform of the OMB Guidance will reduce administrative
burden for non-Federal entities receiving Federal awards while reducing
the risk of waste, fraud and abuse."
Instructions issued by the Office of Management and Budget to Federal
agencies
,Federal agencies then develop policies and procedures that are codified
in CFR
Uniform Guidance: Goals Ans✓✓✓ Eliminating duplicative and
conflicting guidance
Focusing on performance over compliance to provide accountability for
Federal funds
Encouraging efficient use of information technology and shared services
Providing for consistent and transparent treatment of costs Setting
standard business processes using data definitions Encouraging non-
Federal entities to have family-friendly policies
Limiting allowable costs to make the best use of Federal awards
Strengthening oversight
Targeting audit requirements on risk of waste, fraud & abuse
Uniform Guidance: A Simplified Version of 8 Circulars Ans✓✓✓
Supplementary Information
Objectives & Background
Major Policy Reforms
Subpart A:
•Acronyms and Definitions
Subpart B:
•General Provisions
Subpart C:
•Pre-Award Requirements
, Subpart D:
•Post Award Requirements
Subpart E:
•Cost Principles
Subpart F
•Audit Requirements
Appendices
•Funding opportunities, F&A...
Funding Mechanisms Ans✓✓✓ Assistance: grant & cooperative
agreement; Procurement: contract
Grant Ans✓✓✓ •Funding is being provided to the recipient to carry out
research or another activity for the public good
•No substantial involvement is anticipated between the government and
the recipient
•Project idea usually originated with applicant
•Has a CFDA number
Cooperative Agreement Ans✓✓✓ •Roughly the same as a grant except
the idea may or may not originate with the applicant
•Substantial involvement between the government agency and the
recipient is expected throughout the activity.
QUESTIONS AND VERIFIED ANSWERS |100% CORRECT |
ALREADY GRADED
Catalog of Federal Domestic Assistance (CFDA) Ans✓✓✓ •
Compendium of Federal programs, projects, services, and activities that
provide assistance or benefits to the American public
• Includes programs for State or States territorial possession, county, city
other political subdivision, grouping, or instrumentality thereof; any
domestic profit or nonprofit corporation, institution, or individual, other
than an agency of the Federal government
Federal Register (FR) Ans✓✓✓ The daily journal of the United States
Government
Code of Federal Regulations (CFR) Ans✓✓✓ Codification of the
general and permanent rules published in the Federal Register
Uniform Guidance Summary Ans✓✓✓ "To deliver on the promise of a
21st Century government that is more efficient, effective and
transparent, the Office of Management and Budget (OMB) is
streamlining the Federal government's guidance on Administrative
Requirements, Cost Principles, and Audit Requirements for Federal
Awards...This reform of the OMB Guidance will reduce administrative
burden for non-Federal entities receiving Federal awards while reducing
the risk of waste, fraud and abuse."
Instructions issued by the Office of Management and Budget to Federal
agencies
,Federal agencies then develop policies and procedures that are codified
in CFR
Uniform Guidance: Goals Ans✓✓✓ Eliminating duplicative and
conflicting guidance
Focusing on performance over compliance to provide accountability for
Federal funds
Encouraging efficient use of information technology and shared services
Providing for consistent and transparent treatment of costs Setting
standard business processes using data definitions Encouraging non-
Federal entities to have family-friendly policies
Limiting allowable costs to make the best use of Federal awards
Strengthening oversight
Targeting audit requirements on risk of waste, fraud & abuse
Uniform Guidance: A Simplified Version of 8 Circulars Ans✓✓✓
Supplementary Information
Objectives & Background
Major Policy Reforms
Subpart A:
•Acronyms and Definitions
Subpart B:
•General Provisions
Subpart C:
•Pre-Award Requirements
, Subpart D:
•Post Award Requirements
Subpart E:
•Cost Principles
Subpart F
•Audit Requirements
Appendices
•Funding opportunities, F&A...
Funding Mechanisms Ans✓✓✓ Assistance: grant & cooperative
agreement; Procurement: contract
Grant Ans✓✓✓ •Funding is being provided to the recipient to carry out
research or another activity for the public good
•No substantial involvement is anticipated between the government and
the recipient
•Project idea usually originated with applicant
•Has a CFDA number
Cooperative Agreement Ans✓✓✓ •Roughly the same as a grant except
the idea may or may not originate with the applicant
•Substantial involvement between the government agency and the
recipient is expected throughout the activity.
