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CDFM MODULE 1 TEST WITH OVER 150+ QUESTION AND 100% CORRECT ANSWERS[FOR A+ GRADES]
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CDFM MODULE 1 TEST WITH OVER 150+ QUESTION AND 100% CORRECT ANSWERS[FOR A+ GRADES]
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CDFM MODULE 1 TEST WITH OVER150+ QUESTION AND 100% CORRECT
ANSWERS[FOR A+ GRADES]
Federal Budget - ANSWER>>>>>President's Budget
1974 Congressional Budget Act - ANSWER>>>>>Requires that the
President submits the budget to Congress by the first Monday in
February
OMB Circular A-11 - ANSWER>>>>>Governs the budget formulation
process
Pocket Veto - ANSWER>>>>>If Congress is adjourned and the President
fails to sign a bill during the 10 day period, that bill does not become
law.
Enrolled - ANSWER>>>>>After a measure has been passed in identical
form by both the House and Senate
Conference Committees - ANSWER>>>>>Very powerful and have often
been referred to as 'the third chamber of the Congress
Engrossed Bill - ANSWER>>>>>After a bill has passed one body (House or
Senate)
Joint Resolutions - ANSWER>>>>>May originate in the House or Senate.
If originating in the House is designated "H.J.Res". If originating in the
Senate is designated "S.J.Res".
Article 1 of Constitution - ANSWER>>>>>Established the Legislative
Branch- Congress. Powers to raise taxes, borrow money, regulate
commerce, conscript forces, declare war, and raise and support armies.
,Legislative, Judicial, Executive - ANSWER>>>>>The three Branches of the
government that the Constitution established
Articles of Confederation - ANSWER>>>>>Predecessor to the
Constitution
Congress - ANSWER>>>>>Where Laws are Enacted
Article 1 - ANSWER>>>>>The part of the Constitution that gives power
to raise taxes.
Legislative, Judical, Executive - ANSWER>>>>>The Constitution create
what the branches of the government.?
Article 1 Section 8 - ANSWER>>>>>Gives Congress the authority to make
all laws which shall be necessary and proper for carrying into Exectuion.
23% - ANSWER>>>>>The percentage of Gross Domestic Product (GDP)
that is Federal Spending in FY12
36% - ANSWER>>>>>Percentage (%) of Federal spending this
discretionary spending
Executive Branch - ANSWER>>>>>Branch of government that
implements laws
Legislative Branch (Congress) - ANSWER>>>>>Branch of government
that is authorized to raise taxeds and borrow money
Conference Committee - ANSWER>>>>>Committees that attempt to
resolve differences between the House and Senate versions of bills,
sometimes called the 'Third Chamber'
Office of Management and Budget (OMB) - ANSWER>>>>>An Agency
that issues directions for use by other agencies in submitting their
budget estimates
Appropriations Acts - ANSWER>>>>>Provides budgetary authroity
, Allotment - ANSWER>>>>>Subdivision of an Apportionment
OMB - ANSWER>>>>>Issues approtionments
Legislative Branch - ANSWER>>>>>Branch of the government that
conducts hearings on the effectiveness of government programs, also
known as Congress.
Federal Agencies - ANSWER>>>>>The organizations that actually
prepare budget estimates in the Federal budget process
Individual Income Taxes - ANSWER>>>>>The largest single source of
Federal government tax revenues
Supplemental - ANSWER>>>>>Requests for funds in addition to amounts
already appropriated
Appropriation Warrant - ANSWER>>>>>Document issued by the
Treasury Department following the signature of the Appropriations Act
Deferral - ANSWER>>>>>Postponement in the use of appropriated funds
Recession - ANSWER>>>>>Cancellation of appropriated funds
Apportionment - ANSWER>>>>>DoD requests this after the
appropriation is signed into law
Commitment - ANSWER>>>>>An administrative reservation of funds
Authorization Legislation - ANSWER>>>>>Gives a Federal agency the
legal authority to operate a program
Performance Audit - ANSWER>>>>>When a Service Secretary asks his
internal audit organization to review a program to determine if it is
using its resources efficiently
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