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FM 101 Finance questions with actual answers.
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FM 101 Finance questions with actual answers.
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FM 101 Finance questions with actualanswers.
The Department of Defense (DoD) financial management operations need to be improved for several
reasons. Which of the following is one of the primary reasons? ANS - To improve stewardship of public
funds entrusted by the taxpayers
A Contingency, Exercise, and Deployment (CED) order is a means to: ANS - Direct active, reserve
component, and federal civilian personnel to a specific location in a theatre of operation
What role does a Procurement Contracting Officer have in the contract payment process? ANS - Enters
into negotiations with vendors and issues contracts
Contingency ANS - Refers to contingency, exercise, and deployment (CED) orders that will direct active,
reserve component, and federal civilian personnel to a specific location in a theatre of operation during
contingency, wartime, exercise, and emergency operations.
Permanent Change of Station (PCS) ANS - Refers to the assignment, detail, or transfer of an employee,
member, or unit to a different permanent duty station (PDS) under a competent travel order that does
not specify the duty as temporary, provide for further assignment to a new PDS, or direct return to the
old PDS.
Temporary Duty ANS - Refers to travel to one or more places away from a PDS to perform duties for a
period of time and, upon completion of assignment, return or proceed to a PDS.
Irregularities ANS - Are categorized as physical losses of funds; illegal, incorrect, or improper payments;
or overages of funds.
Certifying Officer's ANS - Responsibility to ensure the vendor complies with the terms of the contract.
Disbursing Officer ANS - Is a military member or a civilian employee designated to disburse monies and
render accounts according to laws and regulations governing the disbursement of public monies.
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