Purple Sheep CPE™

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This assessment evaluates understanding of:

• Award activation as a compliance control
• Proper interpretation of award terms
• System configuration alignment
• Cost share capture
• Setup-related audit risk

You must score 80% or higher to pass.
You have 3 attempts.
Only your score will be displayed.

Time limit: 0

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Question 1 of 8

1. Question

Award setup should primarily be viewed as:

Clerical entry
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A compliance control function
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Optional review
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Sponsor responsibility
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Question 2 of 8

2. Question

Which document is critical for identifying rebudgeting restrictions?

Payroll register
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Award terms and conditions
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Department memo
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Effort report
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Question 3 of 8

3. Question

Failure to create a cost share account at activation creates:

Minor inconvenience
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No risk
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Reporting and audit exposure
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Payroll efficiency
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Question 4 of 8

4. Question

Cost share commitments should be:

Established at closeout
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Captured at activation
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Optional
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Tracked informally
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Question 5 of 8

5. Question

Which error most likely creates cumulative risk?

Independent validation review
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Correct end date entry
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Incorrect period of performance
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Documented oversight
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Question 6 of 8

6. Question

Incorrect F&A rate setup may lead to:

No impact
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Sponsor billing errors
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Improved monitoring
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Easier reconciliation
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Question 7 of 8

7. Question

Independent review prior to activation helps:

Delay processing
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Increase workload
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Reduce audit exposure
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Eliminate documentation
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Question 8 of 8

8. Question

System misalignment between award terms and financial setup indicates:

Strong compliance environment
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Documentation sufficiency
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Control failure
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Sponsor flexibility
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