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setcompetency 1: gov't resource management environment cdfm exam 1 study 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 $17.99   Add to cart

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setcompetency 1: gov't resource management environment cdfm exam 1 study 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

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setcompetency 1: gov't resource management environment cdfm exam 1 study 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 C...

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  • Business Organizational Architecture Chapter 14 In
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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 Circular A-136 - ✔✔ANSWER✔✔-Financial Reporting Requirements


What was precursor to Constitution? - ✔✔ANSWER✔✔-Articles Of Confederation
(1781)


What was required to amend the Art. Of Confed? - ✔✔ANSWER✔✔-Unanimous
approval from all states

,When was Constitution Ratified? - ✔✔ANSWER✔✔-June 1788


What is the principle behind the separation of power between the 3 branches? -
✔✔ANSWER✔✔-Devised to allay the fear that a centralized government would
lead to tyranny


What is the essential principle of the Constitution? - ✔✔ANSWER✔✔-That the
government must be confined to the rule of law


What does the Constitution define as the fundamental law of the US Federal
Government? - ✔✔ANSWER✔✔-Set forth the 3 principal branches of the Federal
Government; outline their jurisdictions; propound the basic rights of US citizens


What Article lays out the rules for the Legislative Branch? - ✔✔ANSWER✔✔-
Article I


What section of Article 1 allows Congress to levy taxes and establish District
Courts? - ✔✔ANSWER✔✔-Section 8


What Article lays out the rules for the Executive Branch? - ✔✔ANSWER✔✔-Article
2


What Article lays out the rules for the Judicial Branch? - ✔✔ANSWER✔✔-Article 3

,Where are all revenue bills generated? - ✔✔ANSWER✔✔-House of
Representatives


The President has how many days to act on a bill? - ✔✔ANSWER✔✔-10, excluding
Sundays or Holidays


What can override a Presidential veto of a bill? - ✔✔ANSWER✔✔-2/3 approval in
both chambers


Congress is adjourned and the President fails to sign a bill during the 10-day
period, that bill does not become law. - ✔✔ANSWER✔✔-Pocket Veto


What is important about Art I, Sec 9? - ✔✔ANSWER✔✔-No money is to be issued
from Treasury without an Appropriation law


A legislative proposal of a general nature, only allowed to be introduced by a
member of Congress, and must be reviewed by the President for approval into law
or rejected with a veto. - ✔✔ANSWER✔✔-Bill


Legislative proposal similar to a bill, frequently used to amend the Constitution ,
and can originate in either the House or Senate, and must be reviewed by the
President the same as a bill. - ✔✔ANSWER✔✔-Joint Resolution


Proposal to address matters that affect the operation of both the House and
Senate, does not go to the President for action. - ✔✔ANSWER✔✔-Concurrent
Resolution

, Proposal to address matters that affect the operation of either the House or the
Senate, does not go to the President for action. - ✔✔ANSWER✔✔-Simple
Resolution


The bill that has passed one body, House or Senate, is called what? -
✔✔ANSWER✔✔-Engrossed bill


Committee appointed to resolve differences between bills approved in both the
House and Senate. Referred to as "the third chamber" of Congress. -
✔✔ANSWER✔✔-Conference committee


A bill that has passed the House and Senate in identical form to be sent to the
President for action is called what? - ✔✔ANSWER✔✔-Enrolled bill


What are the phases of the Federal Budget Process? - ✔✔ANSWER✔✔-Budget
formulation
Congressional Action
Budget Execution


The Federal Budget is the _____ Budget. - ✔✔ANSWER✔✔-The President's


Phase governed by OMB A-11. Organizations start drafts as early as 21 months
prior to the FY in which it will be executed - ✔✔ANSWER✔✔-Phase 1: Budget
Formulation


When must the President submit the next FY Budget? - ✔✔ANSWER✔✔-1st
Monday in February

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