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BCF110 L7 1 Exam

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EXECUTION EXAM PART 1: Apportionment Here is your test result.The dots represent the choices you have made. The highlighted questions are the questions you have missed. Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited li...

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  • May 10, 2022
  • 6
  • 2022/2023
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EXECUTION EXAM PART 1: Apportionment
Here is your test result.The dots represent the choices you have made.
The highlighted questions are the questions you have missed.
Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y'
represents visited links.
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contains 22 Questions


1) Which of the following is NOT part of the apportionment process? [Recognize how a defense
acquisition program receives budget authority through the apportionment process.]


Authorization


Allotment


Apportionment


Allocation




2) Which of the following statements is FALSE regarding rescissions? [Recall the rules for the use
of the deferral and rescission provisions of the Budget and Impoundment Control Act of 1974.]

If Congress does nothing, the rescission is in force and the funds are cancelled


Congress must pass a rescission bill within 45 days of continuous session after receipt of the
rescission request

A rescission is a permanent impoundment (i.e., cancellation) of funding


If Congress does not pass a rescission bill, the President must release the funds for execution.


3) Obligation and expenditure plans: [Identify the purposes and contents of obligation plans and
expenditure plans.]

Are prepared by the Program Management Offices


Should always be coordinated with the regional Defense Finance and Accounting Service
(DFAS) office

Should reflect the most optimistic schedule for executing funds


Should include as many fourth-quarter obligations and expenditures as possible to minimize


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the possibility of falling behind the execution plan


4) All of the following may occur for acquisition programs whose actual obligations and
expenditures appear to be significantly lower than their planned levels EXCEPT: [Recognize when
and how an acquisition program may be impacted by unfavorable execution of its obligation and expenditure
plans.]

Keep all or most of their funds by claiming that the variance is due to normal backlog at the
government contracting officer

Have some or all of their available funds reprogrammed in the year of execution to meet other
needs

Keep all or most of their funds if they can show that unusual problems are causing their actuals
to appear lower than they really are

Have their budget requests for future years adjusted by Component or OSD budget analysts



5) Which one of the following is FALSE concerning the Contract Funds Status Report (CFSR)?
[Identify the purpose and contents of the Contract Funds Status Report (CFSR).]

A CFSR is always required for contracts exceeding $1 million (constant FY 1990 dollars) in
value

A CFSR should not be required for a Firm Fixed Price contract that does not require special
funding visibility

Information on the CFSR can be used to determine whether additional funds are needed for the
contract

A CFSR should not be required for contracts less than 6 months in duration


6) An internal reprogramming action: [Recognize the various categories of reprogramming, including
the approval authorities and the types of reprogramming actions covered by each category.]

May be used to move funds to and from ``transfer accounts`` such as the Environmental
Restoration, Army account

Must be approved by Congress


May be used to increase the appropriated amount of an RDT&E program element by $10 million
or more

May be used to redirect funds to a different purpose than authorized or appropriated by
Congress


7) Which of the following is true concerning below-threshold reprogrammings in
Procurement appropriations? [Identify the threshold amounts and level of control for each
appropriation category for below-threshold reprogramming.] [Remediation Accessed :N]

he amount taken from an existing Line Item must be less than $20 million or 20% of the Line
Item’s original value, whichever is less

The amount added to an existing Program Element must be less than $10 million



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