Hca 401 - Study guides, Class notes & Summaries

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

Chapter 2 – General Insurance 1. An insurance agent’s responsibilities include all of the following except: a. Represent the insurer b. Perform professionally c. Represent the client d. Perform faithfully 2. An individual’s tendency to be dishonest would be indicative of: a. Morale hazard b. Pure hazard c. Physical hazard d. Moral hazard 3. Shops near a college consistently get raided by fans after football games. Their insurers attach riders to their policies stating damage fr...

Chapter 2 – General Insurance 1. An insurance agent’s responsibilities include all of the following except: a. Represent the insurer b. Perform professionally c. Represent the client d. Perform faithfully 2. An individual’s tendency to be dishonest would be indicative of: a. Morale hazard b. Pure hazard c. Physical hazard d. Moral hazard 3. Shops near a college consistently get raided by fans after football games. Their insurers attach riders to their policies stating damage fr...

Chapter 2 – General Insurance 1. An insurance agent’s responsibilities include all of the following except: a. Represent the insurer b. Perform professionally c. Represent the client d. Perform faithfully 2. An individual’s tendency to be dishonest would be indicative of: a. Morale hazard b. Pure hazard c. Physical hazard d. Moral hazard 3. Shops near a college consistently get raided by fans after football games. Their insurers attach riders to their policies stating damage fr...

1. An insurance agent’s responsibilities include all of the following except: a. Represent the insurer b. Perform professionally c. Represent the client d. Perform faithfully 2. An individual’s tendency to be dishonest would be indicative of: a. Morale hazard b. Pure hazard c. Physical hazard d. Moral hazard 3. Shops near a college consistently get raided by fans after football games. Their insurers attach riders to their policies stating damage from raiding will not be covered. T...

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

Fiscal Law Final Exam 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 the Departme...

1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. QUESTION 2 20 points 1. It is July 2010. The ...

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at ...

You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place to store and prepare food they bring in from home. You respond by telling him: - ANSWER Absent any local or service-level policies to ...