Compliance with the Use of Funds

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1. Can aided schools consider a quotation from an online store as one of the quotations required when procuring stores (e.g. furniture) at the cost of above $5,000 to $50,000?

1 punto

A. Yes, but oral quotations from at least five suppliers must be invited

B. Yes, but written quotations from at least two suppliers must be invited

C. Yes, but oral quotations from at least two suppliers must be invited

D. No

2. For procurement at an estimated cost of up to $5,000, how many quotations must aided schools invite?

1 punto

A. At least five oral quotations

B. At least two written quotations

C. At least two oral quotations

D. Competitive bidding is not required

3. What is the maximum amount of surplus of the Expanded Operating Expenses Block Grant (EOEBG) that schools can retain?

1 punto

A. A maximum amount of surplus of up to 12 months’ provision of the EOEBG for the current year

B. A maximum amount of surplus of up to 14 months’ provision of the EOEBG for the current year

C. A maximum amount of surplus of up to 16 months’ provision of the EOEBG for the current year

D. A maximum amount of surplus of up to 18 months’ provision of the EOEBG for the current year

4. When procuring stores or services which are slightly different in their individual specifications, such as paper of different types/sizes, study tours with different destinations, or air-conditioners with different specifications, which of the following is not an appropriate handling method for aided schools?

1 punto

A. Group items of stores and services of the same category in the same quotation/tender schedule before inviting suppliers to bid

B. Indicate in the quotation/tender documents that acceptance of the quotations/tenders on an overall basis will be considered

C. Split the order for stores or services which are slightly different in their individual specifications

D. Indicate in the quotation/tender documents that acceptance of the quotations/tenders on a group/itemised basis will be considered

5. Which of the following grants can be used to appoint supply teachers when teachers from IMC aided schools lead an overseas study tour to take care of students?

1 punto

A. Student Activities Support Grant

B. Salaries Grant

C. Teacher Relief Grant

D. School-based Management Top-up Grant

6. In regard to staff members making purchases on behalf of the school, which of the following is not an appropriate handling method for aided schools?

1 punto

A. The staff member uses reward points so earned to redeem coupons for his/her own use when using his/her personal credit card

B. If the staff member uses his/her personal credit card to make purchases, the reimbursement amount to the staff member is calculated by deducting the rebates

C. Avoid as far as possible allowing their staff members to use their personal credit cards/Octopus cards to purchase on behalf of the schools

D. The school should apply for a credit card that accrues no reward points or rebates for staff members to make purchases on behalf of the school

7. What is the maximum percentage of the cost price from suppliers that the profit earned by the school from selling exercise books, school uniforms, stationery, and other items (excluding textbooks) should not exceed?

1 punto

A. The profit should not exceed the profit limit of 5% of the cost price from the supplier

B. The profit should not exceed the profit limit of 10% of the cost price from the supplier

C. The profit should not exceed the profit limit of 15% of the cost price from the supplier

D. The profit should not exceed the profit limit of 20% of the cost price from the supplier

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