Cob Form Post-test For Rescare Workforce Services

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Cob Form Post-test For Rescare Workforce Services - Quiz


To be completed after COB Form training.


Questions and Answers
  • 1. 

    The COB Form database application is accessible from which website(s)?

    • A.

      Http://www.wftoolbox.com

    • B.

      Http://info.rescare.com

    • C.

      Http://intranet.rescare.com

    • D.

      Http://pts.wftoolbox.com

    Correct Answer
    A. Http://www.wftoolbox.com
    Explanation
    The COB Form database application is accessible from the website http://www.wftoolbox.com.

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  • 2. 

    What is the primary purpose of the Change of Business form?

    • A.

      To torment projects by making them complete yet another form

    • B.

      To review, approve, and communicate contract financial data

    • C.

      To keep the PTS header up-to-date

    • D.

      To keep Contraxx up-to-date

    Correct Answer
    B. To review, approve, and communicate contract financial data
    Explanation
    The primary purpose of the Change of Business form is to review, approve, and communicate contract financial data. This form is used to track and document any changes in the financial aspects of a contract, such as budget revisions, cost allocations, or funding adjustments. It ensures that all financial changes are properly reviewed and approved before being communicated to relevant stakeholders.

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  • 3. 

    It is the responsibility of whom to complete the COB form?

    • A.

      Project director

    • B.

      Project Accountant

    • C.

      Regional Finance Manager

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    The COB form is a crucial document that needs to be completed for a project. It includes financial information and details about the project. Since the COB form requires input from different roles and departments, it is the responsibility of all the mentioned positions - the project director, project accountant, and regional finance manager - to complete the form. Each of these individuals plays a vital role in providing accurate and comprehensive information for the COB form to ensure the project's financial transparency and accountability.

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  • 4. 

    �Adds/Reduces Funds� is a possible effect of what documentation source?

    • A.

      Contract

    • B.

      Amendment

    • C.

      Notification of Loss

    • D.

      None of the Above

    Correct Answer
    B. Amendment
    Explanation
    An amendment is a modification or addition to a contract. It can change the terms and conditions of the original agreement, including the amount of funds involved. Therefore, an amendment can have the effect of adding or reducing funds.

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  • 5. 

    Which of the following is not considered a documentation source at it pertains to the COB Form database?

    • A.

      Replaces Existing Contract

    • B.

      Amendment

    • C.

      Notification of Loss

    • D.

      Contract

    Correct Answer
    A. Replaces Existing Contract
    Explanation
    The question is asking for a documentation source that is not considered as part of the COB Form database. The COB Form database is likely a database that stores information about contracts. The other options listed - Amendment, Notification of Loss, and Contract - are all types of documents that would be relevant to a contract database. However, "Replaces Existing Contract" is not a specific type of document, but rather a statement or action that could occur in relation to a contract. Therefore, it is not considered a documentation source in the COB Form database.

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  • 6. 

    Which of the following is not a possible effect of the documentation source �Notification of Loss�?

    • A.

      Expires Contract Normally

    • B.

      Expires Contract Late

    • C.

      Expires Contract Early

    • D.

      All of the above

    Correct Answer
    B. Expires Contract Late
    Explanation
    The given correct answer is "Expires Contract Late". This means that one possible effect of the documentation source "Notification of Loss" is not the expiration of a contract being delayed. The other options, "Expires Contract Normally" and "Expires Contract Early", suggest that the expiration of a contract can occur under normal circumstances or earlier than expected, respectively. However, "Expires Contract Late" implies that the contract expiration can be delayed, which is not a possible effect of the "Notification of Loss" documentation source.

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  • 7. 

    Which of the following is not a use of the Change of Business Form?

    • A.

      Triggers budget modifications to be performed in Oracle

    • B.

      Assists with financial forecasting

    • C.

      Communicates and verifies Oracle job codes

    • D.

      Tracks and facilitates contract approval and input into Contraxx

    Correct Answer
    C. Communicates and verifies Oracle job codes
    Explanation
    The Change of Business Form is used for various purposes, including triggering budget modifications in Oracle, assisting with financial forecasting, and tracking and facilitating contract approval and input into Contraxx. However, it does not have a use in communicating and verifying Oracle job codes.

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  • 8. 

    Which of the following is not a reason to complete a Change of Business Form?

    • A.

      An existing contract has been amended, adding funds to the contract

    • B.

      An existing contract has ended and will not be renewed

    • C.

      A new contract has been awarded

    • D.

      An existing contract has been amended, changing the targets of several benchmarks

    Correct Answer
    D. An existing contract has been amended, changing the targets of several benchmarks
    Explanation
    The reason to complete a Change of Business Form is not when an existing contract has been amended, changing the targets of several benchmarks. The form is typically used when there are changes in the business structure, ownership, or legal status. Changing the targets of several benchmarks within an existing contract does not fall under these categories and therefore does not require a Change of Business Form.

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  • 9. 

    At the end of  the day, who must ensure that the Change of Business form is processed and approved?

    • A.

      Regional Vice President

    • B.

      Project Director

    • C.

      Regional Finance Manager

    • D.

      Financial Director

    Correct Answer
    B. Project Director
    Explanation
    The Project Director is responsible for ensuring that the Change of Business form is processed and approved. This is because the Project Director oversees the overall management and execution of the project, and any changes to the business must be properly reviewed and approved by the project team. The Regional Vice President, Regional Finance Manager, and Financial Director may have oversight and involvement in the process, but it is ultimately the responsibility of the Project Director to ensure the form is processed and approved.

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  • 10. 

    From which layout(s) in the COB Form database may one initiate a new form?

    • A.

      Main

    • B.

      Form Wizard

    • C.

      Form

    • D.

      Both a and b

    Correct Answer
    D. Both a and b
    Explanation
    Both the Main layout and the Form Wizard layout in the COB Form database allow users to initiate a new form. The Main layout typically provides a general interface for users to navigate through different sections and functionalities of the form database. On the other hand, the Form Wizard layout is specifically designed to guide users through the process of creating a new form step by step. Therefore, users can choose to initiate a new form from either of these layouts based on their preference and requirements.

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 05, 2010
    Quiz Created by
    Dtemple

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