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M16_Accounts Receivable (1)

Total questions: 9

Worksheet time: 37mins

Name
Class
Date
1.

Receivables that are past due 91 days and beyond are referred to as ____________.

a)

delinquent

b)

service centers

c)

past due

d)

reconciled

2.

Receivables that are unpaid from 1 to 90 days beyond the initial due date are referred to as _______________.

a)

delinquent

b)

service centers

c)

past due

d)

relinquished

3.

Cost that cannot be charged directly or indirectly to federally sponsored programs.

a)

direct

b)

allowable

c)

indirect

d)

unallowable

4.

These facilities offer unique goods and services that are not readily available from external sources.

a)

service center

b)

instructional institute

c)

sponsored programs

d)

technology center

5.

Policy ________ states that the university can not have business activities that compete unfairly with the private sector.

a)

3005

b)

4520

c)

3602

d)

4000

6.

True or False: According to Policy 3005, the residential and dining hall auxiliary provides general student food service in the dining halls and meal plans.

a)

True

b)

False

7.

True or False: According to Policy 3005, the University Treasurer is responsible for all banking facilities and services.

a)

True

b)

False

8.

According to Policy 3250, this office is responsible for making periodic reviews of the financial operations of service centers.

a)

University Bursar

b)

University Controller

9.

According to Policy 3250, financial, statistical and other records related to operations for a service center must be retained for ___ years.

a)

1

b)

2

c)

3

d)

4