Basic fiscal law 2024 - Study guides, Class notes & Summaries

CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 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...

BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.

BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. "The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ - CORRECT ANSWER Affirmative Authority ______ has the ability to appropriate funds to be spent by the federal government. - CORRECT ANSWER Congress The three main elements that must be met before funds are obligated are - CORRECT ANSWER Purpose Time Amoun

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...

CDFM ALL MODULES FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - CORRECT ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - CORRECT ANSWER 31 USC 1341, 1342, and 1517 ADA The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - CORRECT ANSWER Article 1...

CON 3900 Practice Exam: Questions & Answers Latest 2024/2025 (100% Correct) Market research is conducted during which phase of acquisition? (Ans- All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? (Ans- Deviation Simplified Acquisition Procedures (SAP) should (Ans- Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? (Ans- DD Form 1547, Weighted Guidelines Method What type(...

WGU C239 Pre-Assessment Test Questions With 100% Correct Answers Latest Updated 2024/2025 (VERIFIED A+) Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? Regressive tax Incremental tax Progressive tax Proportional tax - ️️Progressive What would a graph look like for Progressive, Proportional, Incremental, and Regressive tax structures? - ️️Progressive- ascending Proportional- flat line Incremental- stair-steps Regressive- des...

CDFM MODULE 3.1 FISCAL LAW Exam |QUESTIONS AND ANSWERS |ALREADY PASSED |VERIFIED & UPDATED | 2024 FEDERAL APPROPRIATIONS LAW CAN BE CATEGORIZED INTO WHICH 3 AREAS - ANSWER PURPOSE TIME AMOUNT IN DOD FINAL DECISIONS ON FISCAL LAW QUESTIONS ARE OFFICIALLY RENDERED BY - ANSWER DOD GENERAL COUNSEL, COURTS BASIC TYPES OF BUDGET AUTHORITY USED IN FEDERAL GOVT - ANSWER APPROPRIATIONS, CONTRACT AUTHORITY, BORROWING AUTHORITY, MONETARY CREDITS, OFFSETTING COLLECTIONS AND RECEIPTS, LOAN AND LOAN ...

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...