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CDFM MODULE 1 EXAM LATEST VERSION REAL EXAM 250 QUESTIONS AND CORRECT DETAI LED ANSWERS 2024
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CDFM MODULE 1 EXAM LATEST VERSION REAL EXAM 250 QUESTIONS AND CORRECT DETAI LED ANSWERS 2024
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CDFM MODULE 1EXAM LATEST VERSION
REAL EXAM 250
QUESTIONS AND
CORRECT DETAI LED
ANSWERS 2024
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(arthurmurphy121@gmail.com)
,The President is responsible to transmit the
budget of the US government to congress NLT
when? - CORRECT ANSWER-1st Monday in
February each year
Congress she process authorization
legislation, which authorizes or allows
programs to exist. They also pass
appropriations, which provide funding for
programs - CORRECT ANSWER-
Congressional Action Phase
The President signs the bills into law that
provides legal budget authority to incur
obligations and make payments out of the
Treasury for specified purposes. - CORRECT
ANSWER-Appropriation
In the Congressional Action Phase, who
holds hearing in January in preperation for
drafting the concurrent resolution of the
budget? - CORRECT ANSWER-Budget
Committees
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,Budget Committees this to their respective
houses. The resolution sets spending revenue
and other budget targets for the upcoming
fiscal year. - CORRECT ANSWER- Concurrent
Resolution - April of each year
This is the process of estimating the
budgetary effects of pending legislation and
comparing them to a baseline such as a
budget resolution or to any limits that may be
set in law. - CORRECT ANSWER-Scorekeeping
What data does scorekeeping track? -
CORRECT ANSWER- budget authority,
receipts, outlays, surplus or deficit, and the
public debt
No money shall be drawn from the Treasury,
but in the Consequence of Appropriations
made by law. - CORRECT ANSWER-Article 1,
Section 9
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, What give Congress the authority to make
laws? - CORRECT ANSWER-Article 1, Section 8
of the Constitution
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(arthurmurphy121@gmail.com)
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