Cob Form Post-test For Rescare Workforce Services

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

Explanation

The COB Form database application is accessible from the website http://www.wftoolbox.com.

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About This Quiz
Cob Form Post-test For Rescare Workforce Services - Quiz

The COB Form Post-Test for ResCare Workforce Services evaluates understanding of the COB Form database, its usage, and related documentation. It assesses skills in managing contract financial data and understanding amendments and their effects.

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

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?

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. âAdds/Reduces Fundsâ is a possible effect of what documentation source?

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?

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 âNotification of Lossâ?

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?

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?

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?

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?

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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The COB Form database application is accessible from which website(s)?
What is the primary purpose of the Change of Business form?
It is the responsibility of whom to complete the COB form?
âAdds/Reduces Fundsâ is a possible effect of what documentation...
Which of the following is not considered a documentation source at it...
Which of the following is not a possible effect of the documentation...
Which of the following is not a use of the Change of Business Form?
Which of the following is not a reason to complete a Change of...
At the end of  the day, who must ensure that the Change of...
From which layout(s) in the COB Form database may one initiate a new...
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