Fiscal Law Final Exam answered- spring 2022.
QUESTION 1
1. It is appropriate for the Army to acquire lawn cutting services through the Project Order Statute.
True False
QUESTION 2
1. The proper amount of money to obligate at the award of a firm fixed- price contract is:
The full amoun...
QUESTIO N 1
1. It is appropriate for the Army to acquire lawn cutting services through
the Project Order Statute.
True
False
4 points
QUESTIO N 2
1. The proper amount of money to obligate at the award of a firm
fixed- price contract is:
The full amount of the contract.
Nothing until the contractor performs the required work.
Half of the total liability.
A conservative amount based on the government’s estimated
future requirements.
4 points
QUESTIO N 3
1. How long does the Department of Defense Financial Management
Regulation give an individual discovering a possible Antideficiency Act
violation to report it to his/her chain of command and the Financial
Management Comptroller?
5
working
days.
2 weeks.
90
calendar
days.
45 days.
4 points
QUESTIO N 4
1. On 1 September 2011 the command at New Sands Missile Range
purchases an x-ray machine for the installation hospital, which arrives and is
accepted on 15 September 2011. The x-ray machine is not needed until
August of 2012, when an increased number of Soldiers arrive due to BRAC.
Assuming there is no applicable delivery or production lead time exception
(as this is a commercial item and readily available off the shelf), has an ADA
violation been committed and is it correctable?
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