Which of the following statements regarding costs under federal awards is not ?
A) Only items of cost specifically mentioned in a grant, contract, or other agreement document are allowable.
B) Several costs are allowable under highly restrictive conditions and generally require the explicit approval of the grantor agency.
C) For major not-for-profit organizations and institutions of higher learning, indirect costs must be classified within two broad categories termed "facilities" and "administration."
D) Direct costs are those that can be identified specifically with a particular cost objective.

Question

Quizplus · Accepted Answer

Items of cost do not need to be specifically mentioned in a grant, contract, or other agreement document to be allowable; they must comply with the principles and guidelines set forth in the federal regulations.

Which of the Following Statements Regarding Costs Under Federal Awards