Basic fiscal law - Study guides, Class notes & Summaries
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CDFM Module 3.1 Fiscal Law
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CDFM Module 3.1 Fiscal Law 
Basic Axiom of Fiscal Law (the premise of fiscal law) 
The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. 
 
 
Common Law 
Which law: There is no law that says you can't do it. 
 
 
Fiscal Law 
Which Law: You can only do what the law authorized you to do. 
 
 
Constitutional Authority: Article 1, section 7,8,9 
Provisions of the U.S Constitution that provid...
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers,100% CORRECT
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers 
 
Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. 
 
Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...
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OCR A Level Economics ALL SOLUTION LATEST 2023 EDITION GUARANTEED GRADE A+
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normative statement 
an opinion that cannot be confirmed by referencing facts 
positive statement 
a statement that can be proved by referencing facts 
why are economic models used? 
theories cannot be tested in a controlled environment 
the basic economic problem 
scarcity - consumer wants are always greater than available resources 
opportunity cost 
the next best alternative foregone 
factors of production 
resources used by a firm in production 
list and define the factors of production 
lab...
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Basic Fiscal Law Exam Review
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Basic Fiscal Law Exam Review
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CDFM Module 3 Exam Questions with Complete Solutions | New Update 2024
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CDFM Module 3 Exam Questions with Complete 
Solutions | New Update 2024 
Federal appropriations law can be categorized into which three topical areas? - Answer ️️ - 
Purpose, Time and Amount 
In the Department of Defense, final decision of fiscal law questions are "officially" rendered by 
whom? - Answer ️️ -DoD General Counsel, Courts 
What are the basic types of budget authority used in the Federal Government? - Answer ️️ - 
Appropriations 
Contract Authority 
Borrowing Authority...
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FSD 101 Basic Fiscal Law
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________________ funds are available for new obligations for a period of 5 years. 
 
 
 
Anti deficiency Act Principles state that you can receive services without paying for them as benefit to the government. 
False 
 
 
 
________________ has the ability to appropriate funds to be spent by the federal government. 
Congress 
 
 
 
Under the "Separation of Powers" doctrine established by the Constitution, the _____________ carries out the laws with the money Congress provides. 
 
 
 
The _____...
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BASIC FISCAL LAW|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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BASIC FISCAL LAW|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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CDFM Module 3.1 Fiscal Law Questions With Complete Solutions
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CDFM - Certified Defense Financial Manager 
Basic Axiom of Fiscal Law (the premise of fiscal law) correct answer: The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. 
 
Common Law correct answer: Which law: There is no law that says you can't do it. 
 
Fiscal Law correct answer: Which Law: You can only do what the law authorized you to do. 
 
Constitutional Authority: Article 1, sec...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 61 pages • 2024
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CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use of 
appropriated funds be found? Who is it published by?" - ANSWER- Principles of 
Federal Appropriations better known as the Red Book-- published by the GA...
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Government POS 2041 Questions and Answers | New One | Grade A+
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What is the type of government policy that governs taxing and spending powers? Be able to 
explain how it affects the economy. 
Ans: Fiscal policy is the government's use of taxing, monetary, and spending powers to 
manipulate the economy. 
It uses tax to raise the revenue 
Determines amount of productive resources that govt. for non economic demand 
Know what priority is placed on promoting human rights by the United States. How does it 
rank in comparison to other foreign policy concerns ...
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