Trivia Night Review Game

You just received your budget for the new fiscal year. You want to set up individual funds and portion out your budget. What action would help you complete this?

• Budget Transfer

• Journal Entry

• Labor Redistribution

When salaries are charged to sponsored projects that were previously budgeted, E&G money is generated and can be beneficial for the department. This is known as ________.

• salary savings

• overhead

• position allocations

This essential control process involves initiating, processing, and recording financial transactions and custody of related assets between two or more competent and qualified individuals, which prevents or detects errors and irregularities.

• approvals

• segregation of duties

• reconciliation

• procedures

True or False: The State Budget Process is also referred to as the internal budget process.

• True

• False

The ​ (a)   explains how the budget will be distributed to the college and VP areas.

• Authorized Budget Document
• policy library
• Strategic Plan
• Faculty Handbook

​ ​ (a)   are the expenses incurred to support a specific research project, including salary, fringe, equipment, travel, supplies, tuition, and subcontracts.

• Direct costs
• Indirect Costs

Where else do manual edits to hours made to the Banner form PHAHOUR need to be documented?

• TimeClock Plus

• PageUp

• Chrome River

• MicroStrategy

What percentage of an annual salary is a faculty member eligible to receive over the summer?

• 1/2

• 1/4

• 33 1/3