Exam (elaborations)
FM 101 Finance questions with actual answers.
- Course
- Institution
FM 101 Finance questions with actual answers.
[Show more]
Seller
Follow
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67232 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now