(NIH) Refer to the requisition form marked Form E.    Would you approve or send back this transaction?  If send back, why?

Department of Defense (DOD) Case study questions   This sponsored project involves building robots that are able to roll across land and modify their behavior based on the input they receive from the terrain.  These robots may be used in mine fields to detect mines.  This is an incrementally funded contract currently in its first year. The required items for this case are: DOD Case Study Portfolio (will open in new tab/window) Related Research Policies (will open in a new tab/window) Important Notes:  Questions on this exam refer to specific forms.  Each financial transaction form is labeled.  Not all of the financial transaction forms included in the study portfolio link may be helpful for all exam questions, but are included as reference materials. Assume all the available documents are included, unless otherwise stated in the question.  If a document is not included, that means it is missing.  The only exception to this rule is required receipts.  Assume that all required receipts are available and that per diem requests accurately reflect departure and arrival times.  Regardless of dates of document, please use current policy. Assume that each financial transaction is independent of the others.  For the purpose of this exam, prior transactions do not have any effect on subsequent transactions.   Assume all the transactions require action by the Certified Approver regardless of the type or dollar amount of the transaction. As the Certified Approver, assume you are also the Dept ID approver for all non P-Card transactions.  Your approval will be the final one applied before the transaction gets posted to the ledger.

(NIH) Refer to the form that is providing information for an employee reimbursement marked Form M-1.   Would you approve or send back this transaction?  If send back, why?

(FDN) Refer to the email marked Form G.    The PI should be notified that the University can receive a no cost extension if it submits a request for one, and submits the agency requirements of::

(DOD) What is the first point at which the PI must request prior approval before making additional purchases?

A situation where the level of output, scale and average costs are all rising is called

If a graph is used to compare total revenue and total cost of a perfectly competitive firm, then the horizontal axis of the graph will represent the __________ and the vertical axis will represent ________________________________.

          Refer to Figure 5-1. Graph B represents a demand curve that is relatively __________. Total revenue __________ as the price decreases from $10 to $5.

The ______________ of all firms can be broken down into some common underlying patterns.

Fixed costs are important because, at least in the ___________, the firm _______________.