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CDFM Module 1: Resource Management Environment 1.3 Accurate 100%EXAM BUNDLE

CDFM Module 1: Resource Management Environment 1.3 Accurate 100%EXAM BUNDLECDFM Module 1: Resource Management Environment 1.3 Accurate 100%EXAM BUNDLECDFM Module 1: Resource Management Environment 1.3 Accurate 100%EXAM BUNDLECDFM Module 1: Resource Management Environment 1.3 Accurate 100%EXAM BUNDL...

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CDFM Exam 1 Study Set Questions & Answers!!

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Competency 1: Gov't Resource Management Environment - ANSWER ... OMB Circular A-11 - ANSWER Preparation & Submission of Budget Estimates OMB Circular A-76 - ANSWER Performance of Commercial Activities OMB Circular A-123 - ANSWER Management's Responsibility for Internal Control OMB Circ...

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CDFM Module 1 *Indicate Quiz questions & Answers!!

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*How many branches of the government did the Constitution establish? - ANSWER 3 *Where are the Federal-level laws enacted? - ANSWER Congress *In which article of the Constitution is the power to raise taxes found? - ANSWER Article 1 *What occurs when Congress is not in session and the Presi...

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Constitution Article 1 - ANSWER Legislative Branch -power of the purse -passes laws -raises taxes -borrow money -regulate commerce -conscript forces -declare war -raise monies

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Constitution Article 1 - ANSWER Legislative Branch -power of the purse -passes laws -raises taxes -borrow money -regulate commerce -conscript forces -declare war -raise monies Constitution Article II - ANSWER Executive Branch -execute/implement laws -authority to make decision regarding...

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CDFM Module 1 Exam Questions from Other Modules Accurate 100%

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Working Capital Funds - ANSWER Unlike profit-oriented private-sector companies, the goal of working capital funds are to break even oover the long term. Further, revolving fund selling prices establisehd in the budget are fixed, or "stabilized", during the execution period to protect customers fro...

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CDFM - Module 1 - Knowledge Check Correct 100%

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How many branches of Government did the Constitution establish? - ANSWER Three What was the predecessor to the Constitution? - ANSWER The Articles of the Confederation Where all federal-level laws enacted? - ANSWER Congress In which article of the Constitution is the power to raise taxes fo...

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CDFM Module 1(Latest Update 2024)Correct 100%

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*How many branches of Government did the Constitution establish? - ANSWER Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch (Article III) *What was the predecessor to the Constitution? - ANSWER Articles of Confederation *Where are all Federal-level laws...

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CDFM Module 1: Resource Management Environment 1.3 Accurate 100%

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Enterprise Risk Management (ERM) - ANSWER -agency wide approach to addressing interrelated risk & how to more effectively prioritize & manage risk OMB Circular 136 Financial Reporting Requirements - ANSWER -Requires each agency to develop a risk profile & suggest putting in place an oversight cou...

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CDFM Module 1 Competency 2: Knowledge Checks Accurate 100%

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Where can the rules for calculating FTE employment be founds? - ANSWER OMB Circular A-11 What term is used to refer to the totality of units in a DoD Component? - ANSWER Force Structure What term is used to refer to the authorized and programmed strenght at the end of the fiscial year for the ...

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CDFM Training Module 1 Correct 100%

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Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evide...

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CDFM Training Module 1 Correct questions & Answers!!

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Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evide...

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CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Control Accurate 100%

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What is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers' Financial Integrity Act of 1982 are to prevent t waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Assets...

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CDFM(2024 Latest Update)Correct 100%

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Borrowing Authority - ANSWER permits agencies to incur obligations and make payments to liquidate the obligations out of moneys borrowed from the Treasury Budget Authority - ANSWER Congress provides in appropriations act. This is the authority to enter into obligations that will result in outlays...

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CDFM - Module 1 & Fiscal Law Questions & Answers!!

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How many branches of Government did the Constitution establish? - ANSWER Three What was the predecessor to the Constitution? - ANSWER Articles of Confederation Where are all Federal-level laws enacted? - ANSWER Congress In which article of the Constitution is the power to raise taxes found?...

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CDFM Module 1 Terms(2024 Latest Update)Correct 100%

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Appraisal - ANSWER Comparison under an appraisal system of an employee's performance of duties and responsibilities with performance standards Critical Element - ANSWER A component of an employee's job that is of sufficient importance that performance below minimum standard established by manag...

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CDFM Module 1.1 Correct 100%

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Budget execution starts with _____________ - ANSWER issuance of Treasury Warrant The issuance of Treasury Warrants are the __________ __________ action taken after the President signs the bill into law. - ANSWER first legal Continuing resolutions (CRs) initially last _____ days and are designe...

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CDFM Module 1.2 Correct Questions & Answers!!!

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What are the 3 military departments to the Sec of Def - ANSWER Army, Navy, Airforce What are the 4 armed Services? - ANSWER Army, Navy, Airforce, and Marine Corps Refers to the process for determining manpower requirements for budgetary purposes and reporting manpower strengths to OMB - ANSWER...

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CDFM Module 4(Latest Update 2024)Accurate 100%

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What are Joint Acquisition Programs? - ANSWER Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint ...

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CDFM Module 1.2 Latest Update 2024

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OMB Circular A-76 - ANSWER Performance of Commercial Activities and Inherently governmental activities is found where? OMB Circular A-11 - ANSWER Reporting on Employment and Personnel Compensation is found in where? OMB Circular A-11 - ANSWER Where can the rules for calculating FTE employment ...

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CDFM Module 4 Latest Update 2024

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DoD has 3 principal decision making support systems - ANSWER 1. Planning, programming, budgeting and execution process (PPBE) 2. Joint Capabilities Integration and Development System (JCIDS) 3. Defense Acquisition System Resource Allocation - ANSWER Planning, Programming & Budgeting, Enactment,...

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CDFM Mod 1 Fiscal Law Correct 100%

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What should an FM professional do to address cost overruns for additional appropriation? - ANSWER Request additional funding through the budget process in the next fiscal year How should funds received from lease of non-excess DoD property be made available to the military department? - ANSWER 50...

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CDFM Mod 1 Lesson 2 Questions & Answers(RATED A)

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Where can the rules for calculating FTE employment be found? - ANSWER A-11, OMB Circular What is FTE and what is it for? - ANSWER Full Time Equivalent... What term is used to refer to the totality of units in a DoD component? - ANSWER Force Structure What term is used to refer to the author...

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CDFM Module 1 Competency 2 Correct 100%

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What is the DoD mission? - ANSWER Provide a lethal joint force to defend the security of our country and sustain American influence abroad What is manpower management? - ANSWER Processes for determining manpower requirements for budgetary purposes and reporting manpower strengths to OMB Who is...

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CDFM Module 2|| 50 Questions|| Correct 100%

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What are the 3 major phases of the PPBE? - ANSWER Planning, Programming, and Budgeting What is the name of the automated database that summarizes all forces, resources, and equipment associated with programs approved by the Secretary of Defense? - ANSWER Future Years Defense Program (FYDP) Wha...

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CDFM - Module 2(Latest Update 2024)Correct 100%

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A line chart is called what? - ANSWER Frequency Polygon What acquisition process category(s) has an independent cost estimate performed (by CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? - ANSWER ACAT 1 & ID PPBE Planning Phase provides information to who? - ...

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CDFM Module 2 Complete Questions & Answers!!

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What law identifies the Chairman of the Joint Chiefs of Staff as the senior ranking member of the Armed Forces? - ANSWER The Goldwater-Nichols DoD Reorganization Act of 1986 The military operational chain of command runs from the President to whom? - ANSWER The Secretary of Defense to the Combata...

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CDFM Module 2(Latest Update 2024)Correct 100%

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What are the OSD Decision Making Forums? - ANSWER 3 star program review Deputy Management Action Group (DMAG) Secretary of Defense Large & Small Groups What law identifies the Chairman Joint Chiefs of Staff as senior ranking member of the Armed Services - ANSWER Goldwater Nichols DoD Reorganiza...

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CDFM Module 1.3 (Risk Management and Internal Control)Accurate 100%

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What is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Accountabi...

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CDFM Fiscal Law Correct 100%

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Purpose, Time, and Amount (PTA) - ANSWER *Federal appropriations law can be categorized into which three topical areas? DoD General Counsel - ANSWER *In the Department of Defense, final decisions of fiscal law questions are "officially" rendered by whom? Appropriations; Contract Authority; B...

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CDFM Exam Module 2-1 Latest Update 2024/2025

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What law identifies the CJCS as the senior ranking member of the armed forces? - ANSWER Goldwater Nichols DoD Reorganization Act of 1986 The military operational chain of command runs from the President to whom? - ANSWER President to SecDef to Commanders of Combatant Commands The Commanders of...

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CDFM, Module 1.2|| 90 Questions|| Correct 100% The

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The mission of the Department of Defense is to - ANSWER Provide the military forces needed to deter war and to protect the security of our country. Defense Manpower Management - ANSWER Refers to the processes of determining manpower requirements for budgetary purposes and reporting manpower stren...

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CDFM Module 1.1 Correct 100%

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Executive, Judicial, Legislative - ANSWER 3 branches of federal government OMB Circular A-11 - ANSWER Preparation and Submission of Budget Estimates Comes out every summer. Contains a section on reporting on employment and personnel compensation. Rules for calculating FTEs can be found here? D...

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CDFM Module 1 || 155 Questions|| Correct 100%

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3 branches of federal government - ANSWER executive (me), judicial, legislative 1.1.1 OMB Circular A-11 - ANSWER Preparation and Submission of Budget Estimates Comes out every summer. 1.1.2 Contains a section on reporting on employment and personnel compensation 1.2.4 Rules for calculating FTEs c...

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