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Free CRA Exam Braindumps (page: 5)

Page 4 of 61
PDF with 240 Questions

A Challenge Grant is a form of grant that provides monies determined:

  1. basing on a specific formula
  2. basing on the direct costing formula
  3. basing on the indirect costing formula
  4. None of the choices.

Answer(s): A

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.



With a Challenge Grant,

  1. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made.
  2. There is usually a fixed upper limit plus a challenge minimum below which only HALF of the grant will be made.
  3. There is usually no fixed upper limit.
  4. There is usually a variable upper limit plus a challenge minimum below which no grant will be made.
  5. None of the choices.

Answer(s): A

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.



Challenge Grant is rather popular in the fields of (choose all that apply):

  1. arts
  2. humanities
  3. science
  4. space aviation
  5. None of the choices.

Answer(s): A,B

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.



A challenge grant is not really different from a matching grant.

  1. True
  2. False

Answer(s): B

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.






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