___________ is a contract for a supply that does not procure or specify a firm quantity of supplies (other than a minimum or maximum quantity), and that provides for the issuance of orders for the delivery of supplies during the period of the contract. Where as _________ is a contract that may be used to acquire supplies and/or services when the exact times and/or exact quantities of future deliveries are not known at the time of contract award.
A. Delivery order, indefinite quantity
B. Cost-plus-fixed-fee is, cost-plus-incentive-fee
C. Cost-reimbursement, cost sharing
D. Cost-plus-incentive-fee, cost sharing
The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. All of the following given below are some of the disadvantages of direct delivery of services by government employees EXCEPT:
A. Increased lead time for deployment of new programs as internal staff resources are allocated among current and proposed programs.
B. Indirect ("hidden") costs to program (pension, benefits, training, etc.).
C. Direct ("hidden") costs to program (pension, benefits, training, etc.).
D. Decreased flexibility to make changes/reductions (due to constraints on hiring, layoffs, and position reclassification).
Grants are used by governments to operate programs and provide services. Following are some of the some of the disadvantages of using grants please choose the correct option:
A. Increased control over program design and types of services, since specific requirements can be included in grant agreements.
B. Increased control over expenditure categories, since only specific expenditures may be permitted in the grant agreement.
C. Ability to place limits on costs (such as overhead costs) that will be reimbursed.
D. None of the above.
E. All of the above.
Grants are used by governments to operate programs and provide services. Following are some of the some of the advantages of using grants please choose the correct option:
A. Use of resources for monitoring compliance with grant terms.
B. Decrease in control over specific program activities.
C. Limitations on consistency of program implementation and leadership.
D. All of the above.
E. None of the above.
Contracts are written agreements (in most cases) that obligate the government to expenditure of money upon delivery of goods or performance of services. Following are various contract types available to ensure cost-effective delivery of services please choose the correct option:
A. Fixed-price
B. Firm fixed-price
C. Cost-plus-award-fee
D. A and C only.
E. All of above.
Grants are used by governments to operate programs and provide services. Common types of grant classifications include the following given below please choose the correct option:
A. Formula grants -- legally mandated funding levels and restrictions on eligible grantees, with little or no discretion being exercised by the grantor.
B. Project grants -- similar to contracts because grantors agree to pay the grantee for services, performance, or a specific project.
C. Construction grants -- awarded only for construction of permanent facilities.
D. All of the above.
E. None of the above.
The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. All of the following given below are some of the advantages of direct delivery of services by government employees EXCEPT:
A. Existing government employees might be expected to have a more thorough understanding of program objectives than a private-sector contractor hired for a one-year contract.
B. Often viewed as a more economical approach (for example, a new program is assigned to existing staff and indirect costs are not included in the analysis).
C. Increased lead time for deployment of new programs as internal staff resources are allocated among current and proposed programs.
D. Existing government employees might be expected to have increased knowledge of government regulations and requirements and the environment surrounding the program.
All of the following are the examples Payroll Red Flags EXCEPT:
A. Customer complaints that they are not receiving notices for nonpayment on account.
B. Inconsistent overtime hours for a cost center.
C. Overtime charged during a slack period.
D. Inconsistent overtime hours for a cost center.
Some specific problems that can occur with secondary data and suggested methods to correct those problems include all of the following EXCEPT:
A. Incomplete data
B. Irrelevant data
C. Incomparable data
D. Complete data
Auditors must master a variety of techniques for gathering information. All of the techniques, which involve both manual and electronic means, are described below EXCEPT:
A. Planning and controlling.
B. Reviewing management reports
C. Direct observation -- auditors can obtain valuable information and evidence by directly observing the customer's operations and work processes.
D. Interviews -- it is important to meet with personnel involved in the processes being audited to discuss key issues.
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