3.1.5 Field Activity Management 4/23

Question 1

In General Fund Operations, direct costs _____ .

Answer 1

are not charged to customers.

Question 2

What is the Navy Working Capital Fund?

Answer 2

A revolving fund that operates like a commercial business, but focused on mission requirements vice making a profit

Question 3

What do Stabilized Labor Rates provide?

Answer 3

Provides budget stability to customers

Question 4

Stabilized Labor Rates are required to be established during the budget process at levels estimated to recover what 3 things:

Answer 4

• Budgeted costs of goods or services to be provided including all G&A overhead costs
• Prior period gains and losses
• Approved surcharges for capital assets acquisition

Question 5

What is the Net Operating Result (NOR)?

Answer 5

– Used to monitor how closely a NWCF activity performs compared to its budget
– Current year’s profit or loss based on revenue and expenses
– NOR = Revenue – Expenses