CUNNINGHAM'S 2002 COMPLETE CERTIFICATION TESTBANK 1 Flashcards
(229 cards)
1
Q
If both houses of Congress do not complete action on the proposed rescission within _____ days of continuous congressional session after its receipt, the funds must be made available for obligation. US Budget FY 2001, FMR 7000.14
A. 30 B. 45 C. 14 D. 60
A
CORRECT ANSWER: B
2
Q
The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14
A. National Security Strategy B. National Military Strategy C. Joint Strategic Planning D. President's Budget
A
CORRECT ANSWER: A
3
Q
The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b
A. Cost plus 10% return B. Cost plus 5 % return C. Breakeven D. Mandatory , cost of goods sold plus 15% return
A
CORRECT ANSWER: C
4
Q
________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14
A. Liquidations B. Commitments C. MIPIR D. Contracts
A
CORRECT ANSWER: B
5
Q
The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001
A. Special Fund B. Trust Fund C. Public enterprise fund D. Deposit Fund
A
CORRECT ANSWER: D
6
Q
______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14
A. Allotment B. Apportionment request C. Apportionment D. Treasury Warrant
A
CORRECT ANSWER: C
7
Q
In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001 A. Personnel needed B. Budget Authority C. Apportionments D. All of the above
A
CORRECT ANSWER: B
8
Q
In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001
A. Congressional Budget Office B. Chairman Joint Chiefs of Staff C. Office of Management and Budget
A
CORRECT ANSWER: C
9
Q
The President has delegated the authority to apportion to___________. US Budget FY 2001
A. OMB B. CBO C. Secretary of the Treasury D. All of the above
A
CORRECT ANSWER: A
10
Q
Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001
A. General Fund B. Trust Fund C. Public enterprise fund D. Deposit Fund
A
CORRECT ANSWER: A
11
Q
Offsetting collections and receipts result from either ______or ______. US Budget FY 2001
A. Business like or market-oriented activities with the public and Intergovernmental transactions. B. Contracts and Intergovernmental transactions C. Business like or market-oriented activities with the public and thrift fund proceeds D. Sale of government property and the collection of debts in arrears.
A
CORRECT ANSWER: A
12
Q
The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee
A
CORRECT ANSWER: C
13
Q
A
14
Q
The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14
A. National Security Strategy B. National Military Strategy C. Joint Strategic Planning D. President's Budget
A
CORRECT ANSWER: A
15
Q
The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b
A. Cost plus 10% return B. Cost plus 5 % return C. Breakeven D. Mandatory , cost of goods sold plus 15% return
A
CORRECT ANSWER: C
16
Q
________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14
A. Liquidations B. Commitments C. MIPIR D. Contracts
A
CORRECT ANSWER: B
17
Q
The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001
A. Special Fund B. Trust Fund C. Public enterprise fund D. Deposit Fund
A
CORRECT ANSWER: D
18
Q
______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14
A. Allotment B. Apportionment request C. Apportionment D. Treasury Warrant
A
CORRECT ANSWER: C
19
Q
In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001 A. Personnel needed B. Budget Authority C. Apportionments D. All of the above
A
CORRECT ANSWER: B
20
Q
In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001
A. Congressional Budget Office B. Chairman Joint Chiefs of Staff C. Office of Management and Budget
A
CORRECT ANSWER: C
21
Q
The President has delegated the authority to apportion to___________. US Budget FY 2001
A. OMB B. CBO C. Secretary of the Treasury D. All of the above
A
CORRECT ANSWER: A
22
Q
Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001
A. General Fund B. Trust Fund C. Public enterprise fund D. Deposit Fund
A
CORRECT ANSWER: A
23
Q
Offsetting collections and receipts result from either ______or ______. US Budget FY 2001
A. Business like or market-oriented activities with the public and Intergovernmental transactions. B. Contracts and Intergovernmental transactions C. Business like or market-oriented activities with the public and thrift fund proceeds D. Sale of government property and the collection of debts in arrears.
A
CORRECT ANSWER: A
24
Q
The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee
A
CORRECT ANSWER: C
25
```
____refers to the budget authority that is made available for obligation beginning in the last quarter of the fiscal year for financing ongoing grant programs during the next fiscal year. US Budget FY 2001
A. Contractual Funding
B. Forward Funding
C. Advance Funding
D. B and C
```
CORRECT ANSWER: B
26
The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. President's Budget
CORRECT ANSWER: A
27
The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b
A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return
CORRECT ANSWER: C
28
________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14
A. Liquidations
B. Commitments
C. MIPIR
D. Contracts
CORRECT ANSWER: B
29
The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001
A. Special Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: D
30
______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14
A. Allotment
B. Apportionment request
C. Apportionment
D. Treasury Warrant
CORRECT ANSWER: C
31
```
In making appropriations Congress doesn’t vote on the level of outlays but rather on______ US Budget FY 2001
A. Personnel needed
B. Budget Authority
C. Apportionments
D. All of the above
```
CORRECT ANSWER: B
32
In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001
A. Congressional Budget Office
B. Chairman Joint Chiefs of Staff
C. Office of Management and Budget
CORRECT ANSWER: C
33
The President has delegated the authority to apportion to___________. US Budget FY 2001
A. OMB
B. CBO
C. Secretary of the Treasury
D. All of the above
CORRECT ANSWER: A
34
Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001
A. General Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: A
35
Offsetting collections and receipts result from either ______or ______. US Budget FY 2001
A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B. Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D. Sale of government property and the collection of debts in arrears.
CORRECT ANSWER: A
36
The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee
CORRECT ANSWER: C
37
```
____refers to the budget authority that is made available for obligation beginning in the last quarter of the fiscal year for financing ongoing grant programs during the next fiscal year. US Budget FY 2001
A. Contractual Funding
B. Forward Funding
C. Advance Funding
D. B and C
```
CORRECT ANSWER: B
38
___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001
A. Passed Funding
B. Forward Funding
C. Advance Funding
D. None of the above
CORRECT ANSWER: C
39
____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001
A. Ca$hlink
B. Reauthorization
C. PAYGO
D. Automatic offsetting adjustment Act
CORRECT ANSWER: C
40
The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. President's Budget
CORRECT ANSWER: A
41
The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b
A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return
CORRECT ANSWER: C
42
________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14
A. Liquidations
B. Commitments
C. MIPIR
D. Contracts
CORRECT ANSWER: B
43
The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001
A. Special Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: D
44
______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14
A. Allotment
B. Apportionment request
C. Apportionment
D. Treasury Warrant
CORRECT ANSWER: C
45
```
In making appropriations Congress doesn’t vote on the level of outlays but rather on______ US Budget FY 2001
A. Personnel needed
B. Budget Authority
C. Apportionments
D. All of the above
```
CORRECT ANSWER: B
46
In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001
A. Congressional Budget Office
B. Chairman Joint Chiefs of Staff
C. Office of Management and Budget
CORRECT ANSWER: C
47
The President has delegated the authority to apportion to___________. US Budget FY 2001
A. OMB
B. CBO
C. Secretary of the Treasury
D. All of the above
CORRECT ANSWER: A
48
Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001
A. General Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: A
49
Offsetting collections and receipts result from either ______or ______. US Budget FY 2001
A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B. Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D. Sale of government property and the collection of debts in arrears.
CORRECT ANSWER: A
50
The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee
CORRECT ANSWER: C
51
```
____refers to the budget authority that is made available for obligation beginning in the last quarter of the fiscal year for financing ongoing grant programs during the next fiscal year. US Budget FY 2001
A. Contractual Funding
B. Forward Funding
C. Advance Funding
D. B and C
```
CORRECT ANSWER: B
52
___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001
A. Passed Funding
B. Forward Funding
C. Advance Funding
D. None of the above
CORRECT ANSWER: C
53
____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001
A. Ca$hlink
B. Reauthorization
C. PAYGO
D. Automatic offsetting adjustment Act
CORRECT ANSWER: C
54
_____________ funds such as the Working Capital Fund are financed primarily by
reimbursements from customers appropriated accounts. FMR Volume 11
A. Reimbursable
B. Reengineering
C. Revolving
D. All of the above
CORRECT ANSWER: C
55
_______, which are the amounts of orders placed, contracts awarded, services received, and similar transactions during an accounting period that will require payment during the same or future period. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIR
D. Contracts
CORRECT ANSWER: A
56
```
____ are the most common type of obligating document. It is an agreement between the Gov and a commercial vendor to provide specific goods and/or services to the Federal government. The funds are obligated when it has been accepted and signed. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIRs
D. Contracts
```
CORRECT ANSWER: D
57
```
____ are the most universal forms for requesting work or services from another government entity. These documents are subject to downward adjustment when the obligated appropriation is no longer available for obligation to the extent that the procuring component has not executed its agreed-upon contract or project order actions. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIRs
D. Contracts
```
CORRECT ANSWER: C
58
True or false? An amount may be recorded as an obligation when supported by simple verbal evidence of the transaction. US Budget FY 2001, FMR 7000.14
A True B False
CORRECT ANSWER: B
59
___________ orders are used for ordering work or services from another Government entity.
This document is treated as a contract and when it is accepted in writing by the performing
activity, the amount must be recorded as an obligation in the amount stated in the order. US Budget FY 2001, FMR 7000.14
A. Commitment
B. Contract
C. Project
D. Working Capital Fund
CORRECT ANSWER: C
60
___ are intergovernmental order that when issued against annual or multiple year appropriations, or both, must be adjusted downward when the appropriation is no longer available for obligation. US Budget FY 2001, FMR 7000.14
A. Project Adjustment Orders
B. Economy Act Orders
C. Project Orders
D. Working Capital Fund Order
CORRECT ANSWER: B
61
The foreign currency fluctuation appropriation was established to eliminate losses or gains to
programs caused by _______ from those used in the budget. Working Capital Fund (WCF)
foreign currency fluctuations are absorbed by the incurring WCF business area, not the foreign currency account. US Budget FY 2001, FMR 7000.14
A. fluctuation of specified foreign currency exchange rates
B. fluctuation of American stock markets to foreign stock market
C. fluctuation of consumer price index to foreign price indices.
CORRECT ANSWER: A
62
_____are monies that are not appropriated by Congress. They come primarily from the sale of goods and services and are used to support MWR billeting and certain religious and educational programs. US Budget FY 2001, FMR 7000.14 Vol. 13
A. Petty Cash
B. New-Appropriation Funds (NAF)
C. Non-Appropriated Funds (NAF)
CORRECT ANSWER: C
63
The goal of the ___________ was to achieve economy and enhance productivity. by
increasing competition. It is designed to retain government functions in-house and rely on
the commercial sector
A. Circular A-76
B. Circular A-11
C. SF 1-33
D. Circular A-14
CORRECT ANSWER: A
64
"The _____ states that, "It is a well-settled rule of statutory construction that where an appropriation is made for a particular object, by implication it confers authority to incur expenses which are necessary or proper or incident to the proper execution of the object, unless there is another appropriation…" US Budget FY 2001, FMR 7000.14
A. Preamble
B. Needless Expense Doctrine
C. Specific Expense Doctrine
D. Necessary Expense Doctrine
CORRECT ANSWER: D
65
The _____was created by the Employment Act of 1946 It has 3 members appointed by the (a Chairman, 2 members and 10 economists assisted by 10 junior staff economists.) It's function is to____________. www.whitehouse.gov, Employment Act of 1946
A. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of
the State of the Union.
B. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of the Economic Report
C. Council of Financial Accountants (CFA), Assist and advise the Pres. in the preparation of the Economic Report
D. Council of Acquisition Advisors (CAA), Assist and advise the Pres. in the preparation of the Economic Report
CORRECT ANSWER: B
66
The ______examines the global security situation and develops strategy to achieve national security objectives and sets related force requirements. FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above
CORRECT ANSWER: C
67
The ____ is the process used to acquire, allocate, account for, and analyze personnel and financial resources for the Department of Defense. FMR 7000.14
A. Planning, Programming, and Balance Budget System
B. Procurement, Programming, and Budgeting System
C. Planning, Processing, and Budgeting System
D. Planning, Programming, and Budgeting System
CORRECT ANSWER: D
68
The ultimate objective of the PPBS is to provide the Commander's with the best allocation
of_________
A. Forces, equipment and support regardless of resource constraints.
B. Forces, equipment and support within resource constraints.
C. Forces, maintenance and support regardless of resource constraints.
CORRECT ANSWER: B
69
The DoDs principal resource management organization responsible for reviewing the
service and defense agency Program Objectives Memoranda (POMs) and conducting program execution reviews is _________..
A. The Defense Reallocation Board
b. The Defense Realignment Board
c. The Defense Resources Board
d. The Defense Redesignation
CORRECT ANSWER: C
70
The __________ is chaired by the _______________.
A. The Defense Reallocation Board, Under Secretary Acquisition, Technology and
Logistics (USD(AT&L)
b. The Defense Realignment Board, Under SECDEF Program Analysis and Evaluation
(DPA&E)
c. The Defense Redesignation Board,the Under Sec.Comptroller (USD(C)),
d. The Defense Resources Board, DepSec of Defense
CORRECT ANSWER: D
71
The _______, composed of senior acquisition personnel is DoD's senior-level forum for
advising the USD(AT&L) on critical decisions regarding Major Defense Acquisition Programs
A. Defense Acquisition Board (DAB).
B. Defense Accreditation Board (DAB).
C. Logistics Acquisition Board (LAB).
D. Defense Resource Board (DAB).
CORRECT ANSWER: A.
72
The _____is the DAB Chairman, while the _____serves as the DAB Vice Chairman.
A. Under Secretary Acquistion, Technology and Logistics (USD(AT&L),Chairman of the
Joint Chiefs of Staff
B. Under Sec Def. Program Analysis and Evaluation(DPA&E), Chairman of the Joint
Chiefs of Staff
C. The USD(AT&L), Vice Chairman of the Joint Chiefs of Staff
D. The USD(AT&L), Chairman of the Joint Chiefs of Staff
CORRECT ANSWER: C
73
A comprehensive review is done on a _______ basis by each DoD activity and is adjusted as
needed. US Budget FY 2001
A. Quarterly
B. Weekly
C. Midyear
D. Bi-Annual
CORRECT ANSWER: C
74
The President's principal forum on national security and foreign policy matters is the __________. www.whitehouse.gov
A. Joint Chiefs of Staff
B. House/Senate Armed services Committee
C. Central Intelligence Agency
D. The National Security Council
CORRECT ANSWER: D
75
The Office of the SECDEF is required to report to the OMB the status of expenditures___________. US Budget Fy2001
A. As soon as is practical
B. Quarterly using the SF-133
C. OSD is not required to report to OMB.
D. Ongoing throughout the fiscal year
CORRECT ANSWER: B
76
The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. President's Budget
CORRECT ANSWER: A
77
The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b
A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return
CORRECT ANSWER: C
78
________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14
A. Liquidations
B. Commitments
C. MIPIR
D. Contracts
CORRECT ANSWER: B
79
The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001
A. Special Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: D
80
______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14
A. Allotment
B. Apportionment request
C. Apportionment
D. Treasury Warrant
CORRECT ANSWER: C
81
```
In making appropriations Congress doesn’t vote on the level of outlays but rather on______ US Budget FY 2001
A. Personnel needed
B. Budget Authority
C. Apportionments
D. All of the above
```
CORRECT ANSWER: B
82
In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001
A. Congressional Budget Office
B. Chairman Joint Chiefs of Staff
C. Office of Management and Budget
CORRECT ANSWER: C
83
The President has delegated the authority to apportion to___________. US Budget FY 2001
A. OMB
B. CBO
C. Secretary of the Treasury
D. All of the above
CORRECT ANSWER: A
84
Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001
A. General Fund
B. Trust Fund
C. Public enterprise fund
D. Deposit Fund
CORRECT ANSWER: A
85
Offsetting collections and receipts result from either ______or ______. US Budget FY 2001
A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B. Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D. Sale of government property and the collection of debts in arrears.
CORRECT ANSWER: A
86
The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee
CORRECT ANSWER: C
87
```
____refers to the budget authority that is made available for obligation beginning in the last quarter of the fiscal year for financing ongoing grant programs during the next fiscal year. US Budget FY 2001
A. Contractual Funding
B. Forward Funding
C. Advance Funding
D. B and C
```
CORRECT ANSWER: B
88
___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001
A. Passed Funding
B. Forward Funding
C. Advance Funding
D. None of the above
CORRECT ANSWER: C
89
____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001
A. Ca$hlink
B. Reauthorization
C. PAYGO
D. Automatic offsetting adjustment Act
CORRECT ANSWER: C
90
_____________ funds such as the Working Capital Fund are financed primarily by
reimbursements from customers appropriated accounts. FMR Volume 11
A. Reimbursable
B. Reengineering
C. Revolving
D. All of the above
CORRECT ANSWER: C
91
_______, which are the amounts of orders placed, contracts awarded, services received, and similar transactions during an accounting period that will require payment during the same or future period. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIR
D. Contracts
CORRECT ANSWER: A
92
```
____ are the most common type of obligating document. It is an agreement between the Gov and a commercial vendor to provide specific goods and/or services to the Federal government. The funds are obligated when it has been accepted and signed. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIRs
D. Contracts
```
CORRECT ANSWER: D
93
```
____ are the most universal forms for requesting work or services from another government entity. These documents are subject to downward adjustment when the obligated appropriation is no longer available for obligation to the extent that the procuring component has not executed its agreed-upon contract or project order actions. US Budget FY 2001, FMR 7000.14
A. Obligations
B. Commitments
C. MIPIRs
D. Contracts
```
CORRECT ANSWER: C
94
True or false? An amount may be recorded as an obligation when supported by simple verbal evidence of the transaction. US Budget FY 2001, FMR 7000.14
A True B False
CORRECT ANSWER: B
95
___________ orders are used for ordering work or services from another Government entity.
This document is treated as a contract and when it is accepted in writing by the performing
activity, the amount must be recorded as an obligation in the amount stated in the order. US Budget FY 2001, FMR 7000.14
A. Commitment
B. Contract
C. Project
D. Working Capital Fund
CORRECT ANSWER: C
96
___ are intergovernmental order that when issued against annual or multiple year appropriations, or both, must be adjusted downward when the appropriation is no longer available for obligation. US Budget FY 2001, FMR 7000.14
A. Project Adjustment Orders
B. Economy Act Orders
C. Project Orders
D. Working Capital Fund Order
CORRECT ANSWER: B
97
The foreign currency fluctuation appropriation was established to eliminate losses or gains to
programs caused by _______ from those used in the budget. Working Capital Fund (WCF)
foreign currency fluctuations are absorbed by the incurring WCF business area, not the foreign currency account. US Budget FY 2001, FMR 7000.14
A. fluctuation of specified foreign currency exchange rates
B. fluctuation of American stock markets to foreign stock market
C. fluctuation of consumer price index to foreign price indices.
CORRECT ANSWER: A
98
_____are monies that are not appropriated by Congress. They come primarily from the sale of goods and services and are used to support MWR billeting and certain religious and educational programs. US Budget FY 2001, FMR 7000.14 Vol. 13
A. Petty Cash
B. New-Appropriation Funds (NAF)
C. Non-Appropriated Funds (NAF)
CORRECT ANSWER: C
99
The goal of the ___________ was to achieve economy and enhance productivity. by
increasing competition. It is designed to retain government functions in-house and rely on
the commercial sector
A. Circular A-76
B. Circular A-11
C. SF 1-33
D. Circular A-14
CORRECT ANSWER: A
100
"The _____ states that, "It is a well-settled rule of statutory construction that where an appropriation is made for a particular object, by implication it confers authority to incur expenses which are necessary or proper or incident to the proper execution of the object, unless there is another appropriation…" US Budget FY 2001, FMR 7000.14
A. Preamble
B. Needless Expense Doctrine
C. Specific Expense Doctrine
D. Necessary Expense Doctrine
CORRECT ANSWER: D
101
The _____was created by the Employment Act of 1946 It has 3 members appointed by the (a Chairman, 2 members and 10 economists assisted by 10 junior staff economists.) It's function is to____________. www.whitehouse.gov, Employment Act of 1946
A. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of
the State of the Union.
B. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of the Economic Report
C. Council of Financial Accountants (CFA), Assist and advise the Pres. in the preparation of the Economic Report
D. Council of Acquisition Advisors (CAA), Assist and advise the Pres. in the preparation of the Economic Report
CORRECT ANSWER: B
102
The ______examines the global security situation and develops strategy to achieve national security objectives and sets related force requirements. FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above
CORRECT ANSWER: C
103
The ____ is the process used to acquire, allocate, account for, and analyze personnel and financial resources for the Department of Defense. FMR 7000.14
A. Planning, Programming, and Balance Budget System
B. Procurement, Programming, and Budgeting System
C. Planning, Processing, and Budgeting System
D. Planning, Programming, and Budgeting System
CORRECT ANSWER: D
104
The ultimate objective of the PPBS is to provide the Commander's with the best allocation
of_________
A. Forces, equipment and support regardless of resource constraints.
B. Forces, equipment and support within resource constraints.
C. Forces, maintenance and support regardless of resource constraints.
CORRECT ANSWER: B
105
The DoDs principal resource management organization responsible for reviewing the
service and defense agency Program Objectives Memoranda (POMs) and conducting program execution reviews is _________..
A. The Defense Reallocation Board
b. The Defense Realignment Board
c. The Defense Resources Board
d. The Defense Redesignation
CORRECT ANSWER: C
106
The __________ is chaired by the _______________.
A. The Defense Reallocation Board, Under Secretary Acquisition, Technology and
Logistics (USD(AT&L)
b. The Defense Realignment Board, Under SECDEF Program Analysis and Evaluation
(DPA&E)
c. The Defense Redesignation Board,the Under Sec.Comptroller (USD(C)),
d. The Defense Resources Board, DepSec of Defense
CORRECT ANSWER: D
107
The _______, composed of senior acquisition personnel is DoD's senior-level forum for
advising the USD(AT&L) on critical decisions regarding Major Defense Acquisition Programs
A. Defense Acquisition Board (DAB).
B. Defense Accreditation Board (DAB).
C. Logistics Acquisition Board (LAB).
D. Defense Resource Board (DAB).
CORRECT ANSWER: A.
108
The _____is the DAB Chairman, while the _____serves as the DAB Vice Chairman.
A. Under Secretary Acquistion, Technology and Logistics (USD(AT&L),Chairman of the
Joint Chiefs of Staff
B. Under Sec Def. Program Analysis and Evaluation(DPA&E), Chairman of the Joint
Chiefs of Staff
C. The USD(AT&L), Vice Chairman of the Joint Chiefs of Staff
D. The USD(AT&L), Chairman of the Joint Chiefs of Staff
CORRECT ANSWER: C
109
A comprehensive review is done on a _______ basis by each DoD activity and is adjusted as
needed. US Budget FY 2001
A. Quarterly
B. Weekly
C. Midyear
D. Bi-Annual
CORRECT ANSWER: C
110
The President's principal forum on national security and foreign policy matters is the __________. www.whitehouse.gov
A. Joint Chiefs of Staff
B. House/Senate Armed services Committee
C. Central Intelligence Agency
D. The National Security Council
CORRECT ANSWER: D
111
The Office of the SECDEF is required to report to the OMB the status of expenditures___________. US Budget Fy2001
A. As soon as is practical
B. Quarterly using the SF-133
C. OSD is not required to report to OMB.
D. Ongoing throughout the fiscal year
CORRECT ANSWER: B
112
The Final Document of the Planning Phase is the_________________. FMR 7000.14
A. Project Objective Memorandum
B. Program Objective Memorandum
C. Presidents Budget
D. Defense Planning Guidance.
CORRECT ANSWER: D
113
The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14
A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: B
114
____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14
A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: D
115
____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: A
116
The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14
A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: B
117
____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14
A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: D
118
____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: A
119
The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions
CORRECT ANSWER: D
120
The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Decision
CORRECT ANSWER: B
121
The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.
A. Joint Requirements Oversight Council (JROC).
B. Joint Regulations Oversight Council (JROC).
C. Defense Acquisition Board
D. Defense Resources Board
CORRECT ANSWER: A
122
Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. None of these are violations.
CORRECT ANSWER: A
123
True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.
A. True B. False
CORRECT ANSWER: B
124
Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14
A. An Obligation in advance of funds being available
B. Accepting voluntary services beyond that authorized by law
C. Attempting to exceed your daily Government Purchase card limit
D. Obligation that is not a bonafide need.
CORRECT ANSWER: C
125
```
A (n)_____ is a financial control document that establishes the amount of monies authorized to be withdrawn from the central accounts that are maintained by the Treasury Department. US Budget FY 2001
A. Resolution
B. Allotment
C. Apportionment
D. Treasury Warrant
```
CORRECT ANSWER: D
126
Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. A and C
CORRECT ANSWER: D
127
The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above
CORRECT ANSWER: B
128
If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14
A. 15
B. 20
C. 14
D. 30
CORRECT ANSWER: A
129
The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14
A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: B
130
____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14
A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: D
131
____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: A
132
The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions
CORRECT ANSWER: D
133
The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Decision
CORRECT ANSWER: B
134
The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.
A. Joint Requirements Oversight Council (JROC).
B. Joint Regulations Oversight Council (JROC).
C. Defense Acquisition Board
D. Defense Resources Board
CORRECT ANSWER: A
135
Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. None of these are violations.
CORRECT ANSWER: A
136
True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.
A. True B. False
CORRECT ANSWER: B
137
Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14
A. An Obligation in advance of funds being available
B. Accepting voluntary services beyond that authorized by law
C. Attempting to exceed your daily Government Purchase card limit
D. Obligation that is not a bonafide need.
CORRECT ANSWER: C
138
```
A (n)_____ is a financial control document that establishes the amount of monies authorized to be withdrawn from the central accounts that are maintained by the Treasury Department. US Budget FY 2001
A. Resolution
B. Allotment
C. Apportionment
D. Treasury Warrant
```
CORRECT ANSWER: D
139
Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. A and C
CORRECT ANSWER: D
140
The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above
CORRECT ANSWER: B
141
If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14
A. 15
B. 20
C. 14
D. 30
CORRECT ANSWER: A
142
If within 10 days following the conduct of an inspection, audit or review the Under Secretary of Defense Comptroller determines that a potential Anti Deficiency violation has occurred he shall request a preliminary review within _____ days FMR 7000.14
A. 15
B. 20
C. 14
D. 30
CORRECT ANSWER: D
143
Law provides the ______ with the authority to conduct investigations into violations of
the AntiDeficiency Act. FMR 7000.14
A. The service chiefs
B. Chairman Joint Chiefs of Staff
C. GAO
D. IG, DoD
CORRECT ANSWER: D
144
The total time frame for investigations of potential violations of the Antideficiency Act, including submission of the final report to the Under SECDEF Comptroller is _____ months from the date of discovery through the preparation of transmittal letters to the
President, Director of OMB and the leaders of both Houses of Congress. FMR 7000.14
A. 10
B. 9
C. 12
D. 6
CORRECT ANSWER: C
145
Within _______of the appropriations bill being signed the Office of the Secretary of
Defense (OSD) and the Office of Management and Budget negotiate apportionment.
A. 14 days
B. 10 days
C. 7 days
D. 24 hours
CORRECT ANSWER: B
146
Office of the Secretary of Defense allots to military departments____________.
A. Once a year
B. Quarterly only
C. Midyear
D. Ongoing throughout the fiscal year
CORRECT ANSWER: A
147
Military departments and other defense agencies obligate for goods an services__________.
A. As soon as is practical
B. Quarterly only.
C. Midyear
D. Ongoing throughout the fiscal year
CORRECT ANSWER: D
148
The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14
A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: B
149
____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14
A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: D
150
____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Issue Books.
CORRECT ANSWER: A
151
The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions
CORRECT ANSWER: D
152
The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Decision
CORRECT ANSWER: B
153
The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.
A. Joint Requirements Oversight Council (JROC).
B. Joint Regulations Oversight Council (JROC).
C. Defense Acquisition Board
D. Defense Resources Board
CORRECT ANSWER: A
154
Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. None of these are violations.
CORRECT ANSWER: A
155
True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.
A. True B. False
CORRECT ANSWER: B
156
Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14
A. An Obligation in advance of funds being available
B. Accepting voluntary services beyond that authorized by law
C. Attempting to exceed your daily Government Purchase card limit
D. Obligation that is not a bonafide need.
CORRECT ANSWER: C
157
```
A (n)_____ is a financial control document that establishes the amount of monies authorized to be withdrawn from the central accounts that are maintained by the Treasury Department. US Budget FY 2001
A. Resolution
B. Allotment
C. Apportionment
D. Treasury Warrant
```
CORRECT ANSWER: D
158
Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. A and C
CORRECT ANSWER: D
159
The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14
A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above
CORRECT ANSWER: B
160
If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14
A. 15
B. 20
C. 14
D. 30
CORRECT ANSWER: A
161
If within 10 days following the conduct of an inspection, audit or review the Under Secretary of Defense Comptroller determines that a potential Anti Deficiency violation has occurred he shall request a preliminary review within _____ days FMR 7000.14
A. 15
B. 20
C. 14
D. 30
CORRECT ANSWER: D
162
Law provides the ______ with the authority to conduct investigations into violations of
the AntiDeficiency Act. FMR 7000.14
A. The service chiefs
B. Chairman Joint Chiefs of Staff
C. GAO
D. IG, DoD
CORRECT ANSWER: D
163
The total time frame for investigations of potential violations of the Antideficiency Act, including submission of the final report to the Under SECDEF Comptroller is _____ months from the date of discovery through the preparation of transmittal letters to the
President, Director of OMB and the leaders of both Houses of Congress. FMR 7000.14
A. 10
B. 9
C. 12
D. 6
CORRECT ANSWER: C
164
Within _______of the appropriations bill being signed the Office of the Secretary of
Defense (OSD) and the Office of Management and Budget negotiate apportionment.
A. 14 days
B. 10 days
C. 7 days
D. 24 hours
CORRECT ANSWER: B
165
Office of the Secretary of Defense allots to military departments____________.
A. Once a year
B. Quarterly only
C. Midyear
D. Ongoing throughout the fiscal year
CORRECT ANSWER: A
166
Military departments and other defense agencies obligate for goods an services__________.
A. As soon as is practical
B. Quarterly only.
C. Midyear
D. Ongoing throughout the fiscal year
CORRECT ANSWER: D
167
Which of these is Not a violation of US Code 1341 FMR 7000.14
A. Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B. Accepting voluntary services beyond that authorized by law
C. Involving US Government in Contract prior to appropriation being made.
D. Involving US Government in a Contract with funds required to be sequestered.
CORRECT ANSWER: B
168
_______establishes the procedures for recording refunds. Circular A-11
A. Circular A-76
B. Circular A-11
C. SF 1-33
D. Circular A-14
CORRECT ANSWER: B
169
The _____and financial plan for DoD as approved by the SECDEF compiles cost and force
structure data over a 6-year period for congressional review. FMR 7000.14
A. Fiscal Year Program Defense Program
B. Annual Program Defense Program
C. Future Years Program Defense Program
D. Budget Estimate Submissions
CORRECT ANSWER: C
170
The Federal budget is the President's budget request as modified by _____. The law requires that by the first Monday in ____________, the President submit the proposed
budget for the next fiscal year. US Budget FY 2001
A. Congress, September
B. Joint Chiefs of Staff, February
C. Congress, October
D. Congress , February
CORRECT ANSWER: D
171
The Budget Act Requires that by the ____ day after Labor Day that Congress must complete action on bills providing new budget authority. US Budget FY 2001, The Budget Act
A. 10th
B. 7th
C. 8th
D. 14th
CORRECT ANSWER: B
172
By___ the Congress must complete action on a concurrent resolution on the budget, setting ceilings for budget authority and floors for revenues. US Budget FY 2001, The Budget Act
A. Sept 1
B. Oct 1
C. Sept 15
D. Oct 15
CORRECT ANSWER: C
173
True or False? Congress cannot adjourn until the second required resolution on
the budget has been adopted and if required the reconciliation process has been completed. US Budget FY 2001, The Budget Act
A. True B. False
CORRECT ANSWER: A
174
___ are transmitted to Congress to revise budget estimates transmitted previously and on which Congress has not completed action. US Budget FY 2001, The Budget Act,
A. Budget Agreements
B. Supplemental
C. SF-133
D. Budget Amendments
CORRECT ANSWER: D
175
______are normally transmitted to Congress as requests to provide funds in addition to amounts already appropriated. US Budget FY 2001, The Budget Act,
A. Budget Agreements
B. Supplemental
C. SF-133
D. Budget Amendments
CORRECT ANSWER: B
176
_____spending, which consists of Federal retirement and insurance programs, unemployment, and payments to farmers, comprises about 6 percent of Federal spending. US Budget FY 2001
A. National Defense Discretionary
B. Other Means
C. Non-Defense Discretionary
D. Other Mandatory
CORRECT ANSWER: D
177
The planning process begins_____ in advance of the fiscal year in which the budget authority will be requested. FMR 7000.14
A.about a year and a half
B.about 2 years
C.about 3 years and a half
D.about a 2 and a half years
CORRECT ANSWER: A
178
The purpose of the ______phase is to translate planning decisions, programming guidance, and congressional guidance into a detailed allocation of resource requirements.FMR 7000.14
A. Procurement
B. Budgeting
C Planning
D. Programming
CORRECT ANSWER: D
179
In addition to the budget year, the program period includes the ___ years beyond the budget
year for cost and manpower, and ___years beyond the budget year for forces. FMR 7000.14
A. 3, 6
B. 5,11
C. 4, 7
D. 2, 4
CORRECT ANSWER: C
180
True or False? The issuing of the Program Objective Memorandum (POM) completes the programming phase. FMR 7000.14
A. True B. False
CORRECT ANSWER: B
181
A list prepared by the CINCs that list of high-priority needs is called ________. FMR 7000.14
A. Program Priority Lists
B. Program Objective Memorandum
C. Integrated Priority Lists
D. Program Decision Lists
CORRECT ANSWER: C
182
The RD&A process focuses on a ____-year planning horizon ,____ budget and POM years plus a ____-year extended planning period.. FMR 7000.14
A. 10, 7,3
B. 15, 6, 9
C. 11, 7, 4
D. 9, 3, 6
CORRECT ANSWER: B
183
The ______valuates the balance and capabilities of the composite force and support
levels to attain national security objectives recommended by the Services' POMs and helps the SECDEF make program decisions. FMR 7000.14
A. Chairman's Progress Assessment (CPA)
B. Committee Program Assessment (CPA)
C. Chairman's Program Evaluation (CPE)
D. Chairman's Program Assessment (CPA)
CORRECT ANSWER: D
184
_________spending will provide benefits to people and families with incomes below certain
minimum levels that vary from program to program. US Budget FY 2001
A. National Defense Discretionary.
B. Other Means
C. Non-Defense Discretionary.
D. Other Mandatory
CORRECT ANSWER: B
185
```
Each DoD component submits a budget estimate to the SECDEF in________ of each Year. FMR 7000.14
A. January
B. December
C. September
D. October
```
CORRECT ANSWER: C
186
The mission of the _____ is to work collaboratively to develop, review and recommend policies and procedures for the Defense Working Capital Fund. FMR 7000.14 Vol 11b
A. Defense Working Capital Fund Corporate Board
B. Joint Working Capital Fund Collaboration Board
C. Defense Resource Board
D. Defense Finance Accounting Service
CORRECT ANSWER: A
187
True or False? The final output of PPBS is the submission of the DoD budget to the Pres. for approval and to Congress for authorization and appropriation. FMR 7000.14
A. True B. False
CORRECT ANSWER: A
188
True or False? Revenues generated from taxes are the smallest amount of money the Federal government receives to pay its bills. US Budget FY 2001
A. True B. False
CORRECT ANSWER: B
189
The Federal Revenue Sources and their corresponding percentages are: US Budget FY 2001
A. Individual Income Tax 48%, Social Insurance Tax 34% Corporate Income Tax 10%, Excise Tax 4%, Other 4%
B. Individual Income Tax 38% , Social Insurance Tax 39% Corporate Income Tax 15%,
Excise Tax 4%, Other 4%
C. Individual Income Tax 34% , Social Insurance Tax 48%Corporate Income Tax 10%,
Excise Tax 4%, Other 4%
D. Individual Income Tax 68% , Social Insurance Payroll Tax 14%
CORRECT ANSWER: A
190
Some of the Federal Spending % and the associated programs are: US Budget FY 2001
A. Social Security 33%,Non-Defense Discretionary 29%,National Defense Discretionary16%
B. Social Security 26%,Non-Defense Discretionary 19%,National Defense Discretionary16%
C.Social Security 13%, Non-Defense Discretionary 24%,National Defense Discretionary16%
D. Social Security 23% ,Non-Defense Discretionary 19%,National Defense Discretionary16%
CORRECT ANSWER: D
191
This category of spending, comprising 19 percent of the total, includes education, training, science, technology, housing, transportation, and foreign aid. US Budget FY 2001
A. National Defense Discretionary
B. Net Interest
C. Non-Defense Discretionary
CORRECT ANSWER: C
192
This category of spending represents an estimated 16 percent of Federal spending. US Budget FY 2001
A. National Defense Discretionary Spending.
B. Other Means
C. Non-Defense Discretionary Spending.
D. Medicaid
CORRECT ANSWER: A
193
____spending will provide health care coverage for elderly Americans and people with disabilities. US Budget FY 2001
A. National Defense Discretionary.
B. Other Means
C. Non-Defense Discretionary
D. Medicaid
CORRECT ANSWER: D
194
The planning process begins_____ in advance of the fiscal year in which the budget authority will be requested. FMR 7000.14
A.about a year and a half
B.about 2 years
C.about 3 years and a half
D.about a 2 and a half years
CORRECT ANSWER: A
195
The purpose of the ______phase is to translate planning decisions, programming guidance, and congressional guidance into a detailed allocation of resource requirements.FMR 7000.14
A. Procurement
B. Budgeting
C Planning
D. Programming
CORRECT ANSWER: D
196
In addition to the budget year, the program period includes the ___ years beyond the budget
year for cost and manpower, and ___years beyond the budget year for forces. FMR 7000.14
A. 3, 6
B. 5,11
C. 4, 7
D. 2, 4
CORRECT ANSWER: C
197
True or False? The issuing of the Program Objective Memorandum (POM) completes the programming phase. FMR 7000.14
A. True B. False
CORRECT ANSWER: B
198
A list prepared by the CINCs that list of high-priority needs is called ________. FMR 7000.14
A. Program Priority Lists
B. Program Objective Memorandum
C. Integrated Priority Lists
D. Program Decision Lists
CORRECT ANSWER: C
199
The RD&A process focuses on a ____-year planning horizon ,____ budget and POM years plus a ____-year extended planning period.. FMR 7000.14
A. 10, 7,3
B. 15, 6, 9
C. 11, 7, 4
D. 9, 3, 6
CORRECT ANSWER: B
200
The ______valuates the balance and capabilities of the composite force and support
levels to attain national security objectives recommended by the Services' POMs and helps the SECDEF make program decisions. FMR 7000.14
A. Chairman's Progress Assessment (CPA)
B. Committee Program Assessment (CPA)
C. Chairman's Program Evaluation (CPE)
D. Chairman's Program Assessment (CPA)
CORRECT ANSWER: D
201
_________spending will provide benefits to people and families with incomes below certain
minimum levels that vary from program to program. US Budget FY 2001
A. National Defense Discretionary.
B. Other Means
C. Non-Defense Discretionary.
D. Other Mandatory
CORRECT ANSWER: B
202
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Each DoD component submits a budget estimate to the SECDEF in________ of each Year. FMR 7000.14
A. January
B. December
C. September
D. October
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CORRECT ANSWER: C
203
The mission of the _____ is to work collaboratively to develop, review and recommend policies and procedures for the Defense Working Capital Fund. FMR 7000.14 Vol 11b
A. Defense Working Capital Fund Corporate Board
B. Joint Working Capital Fund Collaboration Board
C. Defense Resource Board
D. Defense Finance Accounting Service
CORRECT ANSWER: A
204
True or False? The final output of PPBS is the submission of the DoD budget to the Pres. for approval and to Congress for authorization and appropriation. FMR 7000.14
A. True B. False
CORRECT ANSWER: A
205
True or False? Revenues generated from taxes are the smallest amount of money the Federal government receives to pay its bills. US Budget FY 2001
A. True B. False
CORRECT ANSWER: B
206
The Federal Revenue Sources and their corresponding percentages are: US Budget FY 2001
A. Individual Income Tax 48%, Social Insurance Tax 34% Corporate Income Tax 10%, Excise Tax 4%, Other 4%
B. Individual Income Tax 38% , Social Insurance Tax 39% Corporate Income Tax 15%,
Excise Tax 4%, Other 4%
C. Individual Income Tax 34% , Social Insurance Tax 48%Corporate Income Tax 10%,
Excise Tax 4%, Other 4%
D. Individual Income Tax 68% , Social Insurance Payroll Tax 14%
CORRECT ANSWER: A
207
Some of the Federal Spending % and the associated programs are: US Budget FY 2001
A. Social Security 33%,Non-Defense Discretionary 29%,National Defense Discretionary16%
B. Social Security 26%,Non-Defense Discretionary 19%,National Defense Discretionary16%
C.Social Security 13%, Non-Defense Discretionary 24%,National Defense Discretionary16%
D. Social Security 23% ,Non-Defense Discretionary 19%,National Defense Discretionary16%
CORRECT ANSWER: D
208
This category of spending, comprising 19 percent of the total, includes education, training, science, technology, housing, transportation, and foreign aid. US Budget FY 2001
A. National Defense Discretionary
B. Net Interest
C. Non-Defense Discretionary
CORRECT ANSWER: C
209
This category of spending represents an estimated 16 percent of Federal spending. US Budget FY 2001
A. National Defense Discretionary Spending.
B. Other Means
C. Non-Defense Discretionary Spending.
D. Medicaid
CORRECT ANSWER: A
210
____spending will provide health care coverage for elderly Americans and people with disabilities. US Budget FY 2001
A. National Defense Discretionary.
B. Other Means
C. Non-Defense Discretionary
D. Medicaid
CORRECT ANSWER: D
211
The final phase of the PPBS process, is ____________________. FMR 7000.14
A. Planning Estimates
B. Concurrent House and Senate Meetings
C. Budget Development
D. Procurement of equipment
CORRECT ANSWER: C
212
_____ means the cancellation of budgetary resources provided by discretionary appropriations or mandatory spending legislation, following various procedures prescribed by the Budget Act. US Budget FY 2001
A. Scorekeeping
b. Trust Fund
c. User Fee
d. Sequestration
CORRECT ANSWER: D
213
____________ is a lump sum included in the budget to represent certain transactions that are expected to increase or decrease budget authority, outlays, or receipts but that are not, for various reasons, reflected in the program details. US Budget FY 2001
A. Budget Authority
b. Base Line
c. Allowance
d Budgetary Resources
CORRECT ANSWER: C
214
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___ are totals included in the budget for budget authority, outlays and receipts. Some presentations in the budget distinguish on budget totals and off budget totals. Budget totals reflect the transactions of the Fed. Gov. excepts those excluded by law. Off Budget totals reflect the transactions of Gov. entities excluded from the budget by law. US Budget FY 2001
A. Budget Authority
b. Base Line
c. Allowance
d Budgetary Resources
```
CORRECT ANSWER: A
215
_____ means an estimate of the receipts, outlays, and deficits or surplus that would result from continuing current law through the period covered by the budget. . US Budget FY 2001
A. Budget Authority
b. Base Line
c. Allowance
d Budgetary Resources
CORRECT ANSWER: B
216
_____ means a non budgetary account that records all of the cash flows resulting from post 1991 direct loan obligations or loan guarantee commitments. US Budget FY 2001
A. Financing Account
b. Direct Cash Flow Account
c. Liquidating Account
d. Working Capital Account
CORRECT ANSWER: A
217
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_____ means measuring the budget effects of legislation, generally in terms of budget authority, receipts, and outlays for purposes of the Budget Enforcement Act. US Budget FY 2001
A. Scorekeeping
b. Trust Fund
c. User Fee
d. Sequestration
```
CORRECT ANSWER: A
218
____ means a type of account, designated by law for receipts earmarked for specific purposes and the expenditure of these receipts. US Budget FY 2001
A. Proprietary
b. Trust Fund
c. Sequestered
d. None of the Above
CORRECT ANSWER: B
219
```
___ means a charge or assessment levied on a class directly benefiting from, or subject to regulation by, a. program or activity, to be utilized solely to support the program or activity. US Budget FY 2001
A. Community Fee
b. Coupon Fee
c. User Fee
d. None of the Above
```
CORRECT ANSWER: C
220
___ means a budget account that records all of the cash flows to and from the Gov. resulting from pre 1992 direct loan obligations or loan guarantee commitments. US Budget FY 2001
A. Financing Account
b. Direct Cash Flow Account
c. Liquidating Account
d. Working Capital Account
CORRECT ANSWER: C
221
True or false? The payback period for an item with an initial investment of $50,000.00 and expected annual cash flow increase of $2,500 would be 15 years.
A. True B. False
CORRECT ANSWER: B
222
The _____ is charged with the responsibility of developing and implementing Financial
Management Systems and overseeing financial management activities for the FMR 7000.14
A. Sec of Defense
B. Chief Financial Officer of the DoD
C. Sec. Of the Treasury
D. Director of Defense Finance Accounting Service
CORRECT ANSWER: B
223
Which of these is not a principle of the DoD Financial Management System Principles. FMR 7000.14
A. Materiality
B. Usefulness
C. Timeliness
D. All of the above are Financial Management principles
CORRECT ANSWER: D
224
The authorized users of the Defense Working Capital Fund are______. FMR 7000.14 vol 11b
A. Any DoD command, organization, office, or other element.
B. Non- DoD Federal Government agencies
C. any private party that wishes to use the service
D. A and B
CORRECT ANSWER: D
225
The responsibility of managing Defense Working Capital Funds activities within approved funding and a providing periodic financial and management information as required by theUnder SECDEF (Comptroller) and Chief Financial Officer falls with the _____ FMR 7000.14
A. Defense Working Capital Fund Corporate Board
B. Secretaries of the Military Departments and the Directors of Defense
C. Defense Resource Board
D. Defense Finance Accounting Service
CORRECT ANSWER: B
226
The ___ is designed to provide a more effective means of controlling the costs of goods and services and to provide a more effective and flexible means for financing, budgeting, and accounting for the costs thereof. FMR 7000.14 vol 11b
A. Defense Working Capital Fund
B. Morale Welfare and Recreation Fund
C. Trust Fund
CORRECT ANSWER: A
227
Which of the following is NOT an objective of the Defense Working Capital Fund? FMR 7000.14 vol 11b
A. Outsource the purchasing function
B. Furnish managers with modern management tools comparable to those utilized by efficient private enterprises engaged in similar types of activities.
C. Improve Cost estimating and cost control through comparison of estimates and actual costs.
D. Encourage producers of goods and services to coordinate labor forces and inventories with workload, budgeting and cost controls
CORRECT ANSWER: A
228
The US Government prepares a Statement of Financial Position which includes ____,______ and __________. FMR 7000.14 vol 11b
A. Assets, liabilities, and the DCWF
B. Assets, liabilities and Investments
C. Assets, liabilities and net position
D. Assets, liabilities, Net Income
CORRECT ANSWER: C
229
The _____ discloses the Defense Working Capital Funds cash receipts, disbursements
with an explanation of the changes in cash or cash equivalents for the period. FMR 7000.14
A. Statement of Net Position
B. Statement of Net Worth
C. US Government Balance Sheet
D. Statement of Cash Flows
CORRECT ANSWER: D
