Fiscal Law 3.1 Exam – With Questions & Solutions (100% Correct)
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Course
Fiscal Law
Institution
Fiscal Law
Fiscal Law 3.1 Exam – With Questions & Solutions (100% Correct)
Fiscal Law 3.1 Exam – With Questions & Solutions (100% Correct)
Federal appropriations law can be categorized into which three topical areas? - ANSWER - Purpose, Time, and Amount
In the DoD final decisions of fiscal law ques...
Fiscal Law 3.1 Exam – With Questions
& Solutions (100% Correct)
2024
CONCEPTIAL RESEARCH
conceptialresearch@gmail.com
, Fiscal Law 3.1 Exam – With Questions
& Solutions (100% Correct)
Federal appropriations law can be categorized into which three topical areas? -
ANSWER - Purpose, Time, and Amount
In the DoD final decisions of fiscal law questions are "officially" rendered by whom? -
ANSWER - DoD General Council
What are the basic types of budget authority used in the Federal Government? -
ANSWER - Appropriations; Contract Authority; Borrowing Authority; Offsetting
Collections and Receipts; Loan and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long? - ANSWER
- One fiscal year
Operations and Maintenance (O&M) is an example of what type of appropriation? -
ANSWER - Annual Appropriation
RDT&E is an example of what type of appropriation? - ANSWER - Multi-year
appropriation
Budget authority does not expire in what type of appropriation? - ANSWER - No year
appropriation
Article 1 Section 9 gives the power to appropriate funds for operating the
government to which branch? - ANSWER - Legislative Branch (Congress)
Which law established the House and Senate Budget Committees and the
Congressional Budget Office (CBO)? - ANSWER - Congressional Budget Act of
1974
What are the three test which must be met for use of the Necessary Expense
doctrine? - ANSWER - Must bear a logical relationship; not prohibited by law; not
funded elsewhere
Who are determined to be accountable officers in the Department of Defense? -
ANSWER - Certifying and Disbursing Offices and Departmental Accountable
Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in
the Department of Defense? - ANSWER - The Defense Finance and Accounting
Service
What type of budgetary resources remains available for new obligations until the
purpose for which they were provided is carried out? - ANSWER - no year authority
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