Fiscal law
University Of Maryland - College Park
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Fiscal Law Exam answered- spring 2022.
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Fiscal Law Exam answered- spring 2022.
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Fiscal Law Exam answered- spring 2022.
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Fiscal Law Exam answered- spring 2022.
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Fiscal Law Final Exam - Questions and Answers
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Fiscal Law Final Exam - Questions and Answers QUESTION 1 1. It is appropriate for the Army to acquire lawn cutting services through the Project Order Statute. True False QUESTION 2 1. The proper amount of money to obligate at the award of a firm fixedprice contract is: The full amount of the contract. Nothing until the contractor performs the required work. Half of the total liability. A conservative amount based on the government’s estimated future requirements. QUESTION 3 1. How long does t...
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Fiscal Law: Competency Area 1
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Fiscal Law: Competency Area 1 
 
Federal appropriations law can be categorized into which three topical areas? - ANS Purpose, Time, and Amount 
 
In the Department of Defense, final decisions of Fiscal Law questions are "officially" rendered by whom? - ANS DoD General Counsel 
 
How many basic types of budget authority are used in the Federal Government? - ANS Appropriations 
Contract Authority 
Borrowing Authority 
Monetary Credits 
Offsetting Collections and Receipts 
 
Annual appropriations...
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CDFM All Modules FISCAL LAW
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CDFM All Modules FISCAL LAW 
 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANS FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANS 31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANS Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 
 
T/F? Article 2 section 8 empower...
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CDFM 3.1 Fiscal Law
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CDFM 3.1 Fiscal Law
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Fiscal Law
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Fiscal Law 
Affirmative Authority governed by what: - ANS • The U.S. Constitution 
• Legislative Appropriations and Authorization Acts 
• Judicial Court Rulings and Comptroller General decisions 
 
DoD AA - ANS Depart of Defense Appropriations Act 
 
NDAA - ANS National Defense Authorization Act 
 
Necessary Expense Defined - ANS • Must be reasonably necessary 
• Doesn't have to be only or best way 
• Determinations are fact, agency, and purpose specific; AFI65-601. 
 
Purpose: - AN...
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Fiscal Law Final Exam answered- spring 2 Latest Updated_2023
- Exam (elaborations) • 9 pages • 2022
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1. It is appropriate for the Army to acquire lawn cutting services through 
the Project Order Statute. 
True 
False 
4 points 
QUE ST ION 2 
1. The proper amount of money to obligate at the award of a firm fixedprice contract is: 
The full amount of the contract. 
Nothing until the contractor performs the required work. 
Half of the total liability. 
A conservative amount based on the government’s estimated 
future requirements. 
4 points 
QUE ST ION 3 
1. How long does the Department of Defen...
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