CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) 2023-
2024 ACTUAL EXAM TEST BANK 270 QUESTIONS AND
CORRECT DETAILED ANSWERS
After a measure/bill has been passed in identical form by both legislative
bodies, it is known as what? - ANSWER--An enrolled bill
How many votes are required for reconsideration of a bill to overrule a
presidents veto? - ANSWER--2/3rds
What are the three steps of a Federal Budget Cycle? - ANSWER--
Budget Formulation
Congressional Action
Budget Execution
When is the president required to submit the proposed budget to
congress, and what act established this? - ANSWER--First Monday in
February; The 1974 Congressional Budget Act
The budget formulation process is governed by what? - ANSWER--
OMB Circular A-11
What are the 6 major steps in the budget formulation stage as laid out in
the OMB Circular A-11? - ANSWER--1. OMB Issues Guidance
2. Organization develops draft
3. Agency submits budget estimates
,CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) 2023-
2024 ACTUAL EXAM TEST BANK 270 QUESTIONS AND
CORRECT DETAILED ANSWERS
4. OMB hold hearings on Agency budgets
5. President makes final decisions on Agency budgets
6. President transmits the budget to congress
What does DoD use as their strategic plan? - ANSWER--National
Defense Strategy (NDS)
The formulation phase starts how many months before the Fiscal Year in
which the budget will be executed? - ANSWER--21 months
What term is used to describe the formal results provided back to
agencies after OMB's review. - ANSWER--Passback
Who does OMB send their passback report too? - ANSWER--Head of
the Agency
Who can passback results be appealed to? - ANSWER--President
What changes can be made through the passback? - ANSWER--
Funding for individual programs
Reduce or increase Agency funding
Direct that additional funding be added to specific programs within
existing Agency funding levels.
,CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) 2023-
2024 ACTUAL EXAM TEST BANK 270 QUESTIONS AND
CORRECT DETAILED ANSWERS
What are the three major processes associated with the Congressional
Action phase? - ANSWER--Budget Resolution Process
Authorization Process
Appropriation Process
How many appropriations are there? - ANSWER--12; One from each
Agency
What date should the House and Senate Budget Committee receive
reports from all other congressional committees? - ANSWER--March
15th
The congressional budget office provides support to the various
committees through ____________? - ANSWER--scorekeeping
Define scorekeeping? - ANSWER--Process of estimating the
budgetary effects of pending legislation and comparing them to a
baseline such as budget resolution or limits set in law.
By law the Concurrent Budget Resolution must be completed by what
date? - ANSWER--April 15th
, CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) 2023-
2024 ACTUAL EXAM TEST BANK 270 QUESTIONS AND
CORRECT DETAILED ANSWERS
Does the Concurrent Budget Resolution require the president's
signature? - ANSWER--No
The output of the authorization process may be considered _________
or __________ legislation, which also provides _________ _________
legislation. - ANSWER--enabling or organic
appropriation authorization
How often and by what means must the DoD be authorized? -
ANSWER--Annually through the National Defense Act
Who manages the authorization process for DoD? - ANSWER--House
and Senate Armed Services Committess
When do hearings before the HASC and SASC begin? - ANSWER--
After the Presidents State of the Union
What are the six defense-related House and Senate Authorization
Committees? - ANSWER--1. Armed Services (Senate and House)
2. Permanent Select Committee on Intelligence (House)
3. Select Committee on Intelligence (Senate)
4. Energy and Natural Resources (Senate)
5. Energy and Commerce (House)
6. Environment and Public Works (Senate)
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