Exam (elaborations)
ACQ 101 Module 7 & Exam: Financial Management
- Course
- Institution
ACQ 101 Module 7 & Exam: Financial Management
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
ACQ 101 Module 7 & Exam:Financial Management
Select the term that best fits the following definition: "An administrative
reservation of funds by the local comptroller, in anticipation of a future
obligation." - -*Commitment*
-Which of the following is a Life Cycle Cost Category? - -*Research and
Development*
-Generally, the Engineering cost technique method would be used early in
the life of the program during the TMRR Phase when you do not have in-
depth information about the system you are designing. - -*False*
-Which of the following appropriations categories provides funds for
programs that have been approved for production? - -*Procurement*
-The full funding policy governs the Procurement and MILCON appropriations
categories. - -*True*
-The primary product of the Planning phase is the National Defense Strategy
(NDS), which provides the priorities and objectives for the service program
request. - -*False*
-The primary products of the Programming phase are the Program
Objectives Memorandum (POM) and the Program Decision Memoranda
(PDM). - -*True*
-Which of the following is a product of the Budgeting phase? - -*All answers
are correct*
-The purpose of the Execution review is to make assessments of current and
previous resource allocations to determine if the planned performance goals
were met. - -*True*
-The Budget Authority is provided by which of the following? - -
*Appropriations Bill*
-After the budget authority has passed its obligation period, it goes into the
"Expired Account" for a period of 10 years and cannot be used for new
obligations. - -*False*
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now