Answer to Question 1
ANS: B
Gifts are philanthropic contributions. Contracts are awarded for the performance of a specific task or service, usually to meet guidelines specified by the organization making the award. Grants are awards to nonprofit organizations to allow the recipient to implement activities of their own design that address the interests of the funding agency. A loan is money that needs to be paid back to the lender.
Answer to Question 2
ANS: D
A cost-efficiency study is designed to examine the actual cost of performing program services and to focus on productivity versus cost. A study designed to measure the quality of a program as it relates to cost is a cost-effectiveness study. A study used to assess the desirability of a pro-gram by examining costs and benefits is a cost-benefit study. Cost-accounting studies are per-formed to find the actual cost of a program.