3.2 Lesson 3 Quiz

Please complete the quiz. You will have an unlimited number attempts in order to reach a passing score of 80% or higher.

Time limit: 0

Quiz Summary

0 of 14 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 14 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14

Current
Review
Answered
Correct
Incorrect

Question 1 of 14

1. Question
Using the prudent person principle, institutions can decide whether a cost is
- A good buy
- An asset to the program
- Reasonable and necessary
- Reasonable and important
Correct

Incorrect
Question 2 of 14

2. Question
Managing expenses, tracking revenue and expenses, and overseeing the processes and documentation are principles of
- QuickBooks
- Financial Management
- Methods of Accounting
- Fiscal Viability
Correct

Incorrect
Question 3 of 14

3. Question
An approved budget, meal records, reliable accounting and internal controls provide support for
- Claims for Reimbursement
- Costs for Meals
- Effective Financial Management
- Effective Internal Controls
Correct

Incorrect
Question 4 of 14

4. Question
Centralizing purchases, payments and documentation with one person
- Identifies who is responsible for CACFP accountability
- Ensures consistency for expenses
- Demonstrates poor internal controls
- Ensures quality control
Correct

Incorrect
Question 5 of 14

5. Question
One way to determine the CACFP’s portion of a shared cost is determining if there are sufficient CACFP funds to cover the cost.
- True
- False
Correct

Incorrect
Question 6 of 14

6. Question
If care providers or teachers split time between their primary duties and overseeing the CACFP meal service, you can charge half their salaries to the CACFP.
- True
- False
Correct

Incorrect
Question 7 of 14

7. Question
Including all line items in the budget and having the budget approved prior to making purchases ensures that all approved costs are allowable.
- True
- False
Correct

Incorrect
Question 8 of 14

8. Question
If an institution can demonstrate the value of a cost to the CACFP, and document its purchase, the cost will be allowed.
- True
- False
Correct

Incorrect
Question 9 of 14

9. Question
If there is a question regarding the allowability of a cost in the CACFP, it is best to
- Contact USDA
- Check the serious deficiency handbook
- Refer to the Financial Management Instruction
- Check prior purchases
Correct

Incorrect
Question 10 of 14

10. Question
Which of the following costs cannot be charged as operating costs?
- Menu development
- Food
- Non-food expenses used to serve the meals
- Cook's salary
Correct

Incorrect
Question 11 of 14

11. Question
Costs to plan, oversee, and manage the program are
- Operating Costs
- Managing Costs
- Administrative Costs
- Unallowable Costs
Correct

Incorrect
Question 12 of 14

12. Question
When approved allowable costs total more than the CACFP reimbursement received,
- Costs cannot be paid from other funds
- Costs are unfunded
- Costs can be paid from the next year’s money
- Costs are then unallowable
Correct

Incorrect
Question 13 of 14

13. Question
Claims for reimbursement must be filed not later than
- 45 days from incurring costs
- 60 days from incurring costs
- 60 days from the end of the claim month
- 40 days from the end of the claim month
Correct

Incorrect
Question 14 of 14

14. Question
If claims are submitted with errors, the claim
- Will be audited
- Will be paid and then disallowed meals reclaimed
- Will not be paid until error-free
- Will not be paid until further action is taken by the state agency
Correct

Incorrect