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CDFM Module 1 Latest Update 2024 Questions with Verified Correct Answers Guaranteed Success (Certified Defense Financial Manager)

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CDFM Module 1 Latest Update 2024 Questions with Verified Correct Answers Guaranteed Success (Certified Defense Financial Manager) What prevents Congress and the President from unilaterally making laws and treaties? -correct answer- Separation of Power What give Congress the authority to make ...

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  • March 6, 2024
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  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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PASSINGMASTER01
CDFM Module 1 Latest Update 2024 Questions with
Verified Correct Answers Guaranteed Success

What prevents Congress and the President from unilaterally making laws and treaties? -
correct answer-Separation of Power

What give Congress the authority to make laws? -correct answer- Article 1,
Section 8 of theConstitution

What does the Congress of the US consist of? -correct answer- Senate (6 yrs); House (2
yrs)


Who reviews the constitution for interpretation of the constitution? -correct answer-
Supreme Court

Who has the power to raise taxes given in Article 1 of the Constitution? -correct
answer- Congress(Legislative Branch)


All bills for raising Revenue shall originate where? But the Senate may propose or
concur with Amendments as on other Bills. -correct answer- House of Representative

To be able to override a presidential veto, the House has to have a majority to pass the
bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the
Bill becomes Law. What is the percentage the vote has to pass by in both the House &
Senate? -correct answer- 2/3 and 2/3

If any Bill shall not be returned by the President after it has been presented to him, the
Same shall be a law. How many days? -correct answer- 10 Days

Who has the power to lay and collect taxes, duties, imposts and Excises to pay the
debts and provide for the common defense and general welfare of the United States. -
correct answer-Congress

Article 1, Section 8 of the Constitution allows for what? -correct answer- 1) borrow
money on credit 2)regulate commerce; 3) Coin money; 4) Constitute Tribunals; 5)
Declare War; 6) Raiseand support Armies; 7) provide and maintain Navy; 8) Make
Rules for Government Regulation of land and naval forces; 9) Provide for calling forth
Militia; 10) to make alllaws

No money shall be drawn from the Treasury, but in the Consequence of Appropriations
made by law. -correct answer- Article 1, Section 9

Once the money officially and legally gets into the Treasury, to be able to use the
money, what does Congress have to do? -correct answer- Write a Law

,Gives executive power to the President to be the Commander in Chief and to execute
the laws -correct answer- Article 2 Executive Branch

The President has the power to nominate and with the advice and consent of the
Senate, shall appoint these officials. Name 2? -correct answer- Ambassadors &
Supreme Court Judges

Who and what branch is responsibly for faithfully executing the laws enacted by
Congress (Legislative Branch)? -correct answer- President (Executive Branch)


How often does the President give to Congress the State of the Union (Jan/Feb) time
frame. -correct answer- Once year

The Supreme Court does not deal in the matter of what? -correct answer- State Laws

A new Congress convenes for two years following the November general elections, it
consists of how many sessions, and each in what duration? -correct answer- 2
sessions; 1 year duration

This may originate either in the House of Representatives or in the Senate. There is
little practice difference between a bill and a " ", once agree, it goes to the President for
signature. -correct answer- Joint Resolution

Matters affecting the operation of the House & Senate and both chambers agree, does
not go to the President for signature. -correct answer- Concurrent Resolution

The House and Senate can each write an matter concerning the operation on its own.
Applies to the chamber that created it. Knows as the H.Res & S.Res -correct answer-
Simple Resolution

During the State of The Union, what message is the President giving? -correct answer-
State of Union,recommend measures necessary and expedient

Can an Executive Branch Department pass legislation with the approval of OMB and on
Behalf of the president, to a congressional committee or subcommittee -correct answer-
Yes, but must be approved by OMB

Who resolves differences between the HR and the Senate? -correct answer-
Conference Committee(Third Chamber)

What is usually the first step in the process for consideration by committee? -correct
answer- PublicHearing

When a Conference Committee is convened dealing with an amendment, what can the
conferees do and not do? -correct answer- Only deal with matters in disagreement;
cannot insert new matter or leave out matter agreed on

,The final step after the Conference Committee Resolution after a measure has been
passed in identical form by both the House andSenate, it is considered to be what? -
correct answer-"Enrolled" (then sent to the president)

What was declared unconstitutional in 1998 with respect to Presidential Veto? -
correct answer- LineItem Veto

If the President Veto a Bill, it is returned to the house of original acting first. If the Bill
does not receive 2/3 vote, it is sustained and the bill fails to become law. If it receives
the required 2/3 vote, an endorsement to the effect is made on the back of the bill and it
is then transmitted, with the accompany message, the to the second house for its
action. What has to happen for the Bill to become Law? -correct answer- The next
house has to pass itwith a 2/3 vote to become law.

Who is responsible for the 3 phases of the Budget Cycle? -correct answer- OMB

What are the 3 Phases of the Budget Cycle? -correct answer- Budget Formulation,
CongressionalAction and Budget Execution

Who does the Federal budget belong to? -correct answer- The President

The Budget Formulation processed is governed by this? -correct answer- OMB Circular
A-correct answer-11

OMB Circular A-correct answer-11 sets out the promises of the president -correct
answer- Presidential Priorities

What are the six major steps in the budget formulation process laid out in OMB Circular
A-correct answer-11? -correct answer- 1) OMB Issues guidance; 2) Organization
develops draft; 3) Agency submit budget estimates to OMB; 4) OMB hold hearings on
Agency Budgets; 5) President makes final decisions on Agency budgets; 6) President
transmits the budget to Congress.

What organization is responsible for helping the President with spending policy,
managing the executive budget, and providing advice an dangles on a broad range of
topics? -correct answer- Additional OMB Duties

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

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
-correct answer- 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 ordeficit, and the public debt

This resolution fixes new budget authority and outlay target and establishes target for
the Gross National Debt, revenues, and surplus/deficit. -correct answer- Budget
Resolution

This resolution does not require the signature of the President. It is the first step in the
Congressional Budget Process. -correct answer- Concurrent Budget Resolution

This Bill may not exceed the ceilings set in the CBR w/out a 60% majority vote of the
entire congress & CBO monitors for compliance. -correct answer- Annual Appropriation
Bill

Defense, Military Construction/Veterans Affairs & Energy and Water -correct answer-
Defense RelatesAppropriations Acts

When a statutes language is not clear as written, the best place to go for interpretation
of the law is where? -correct answer- Legislative History

Who will provide DoDs position on appeal items? -correct answer- SECDEF

Amends the budgets submission prior to completion of a congressional act .... they have
been submitted but not yet processed by congress -correct answer- Budget Amendments

Normally transmitted to Congress as requests to provide funds in addition to amounts
already appropriated for the ongoing fiscal year. -correct answer- Supplmental
Requests

What provides budget authority for specific ongoing activities for a specific period of
time? -correct answer- Continuing Resolution (CR)

Budget authority and the availability of budgetary resources for obligation and
expenditure are limited by the following elements. -correct answer- Time, Purpose &
Amount

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