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Fiscal Law Final Exam answered- spring 2022. CA$14.38   Add to cart
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Fiscal Law Final Exam answered- spring 2022.

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  • Course
  • Fiscal Law (FISCALLAW)
  • Institution
  • University Of Maryland - College Park

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 unt...

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  • March 1, 2022
  • 9
  • 2022/2023
  • Other
  • Unknown

Subjects

  • fiscal law final exam
  • the proper amount of m
  • fiscal law final exam answered
  • fiscal law final exam 2022
  • it is appropriate for the army to acquire lawn cutting services through the project order statute

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  • University Of Maryland - College Park
  • Fiscal Law (FISCALLAW)
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Fiscal Law Final Exam
QU E STI O N 1
1. It is appropriate for the Army to acquire lawn cutting services through
the Project Order Statute.

True

False
4 points
QU E STI O N 2
1. The proper amount of money to obligate at the award of a firm fixed-
price 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.
4 points
QU E STI O N 3
1. How long does the Department of Defense Financial Management
Regulation give an individual discovering a possible Antideficiency Act
violation to report it to his/her chain of command and the Financial
Management Comptroller?
5 working
days.
2 weeks.
90 calendar
days.
45 days.
4 points
QU E STI O N 4
1. On 1 September 2011 the command at New Sands Missile Range
purchases an x-ray machine for the installation hospital, which arrives and is
accepted on 15 September 2011. The x-ray machine is not needed until
August of 2012, when an increased number of Soldiers arrive due to BRAC.
Assuming there is no applicable delivery or production lead time exception
(as this is a commercial item and readily available off the shelf), has an ADA
violation been committed and is it correctable?
No ADA violation has been committed.
As the bona fide need is in 2012, an ADA violation has been committed
but it is correctable.
As the bona fide need is in 2012, an ADA violation has been committed,
and is not correctable since proper funds, FY 2012 O&M (or procurement,

, depending on the value) were not available at the time of obligation.
Although the bona fide need is in 2012, there is no ADA violation
because the command was engaged in advanced planning, and was
smartly purchasing an item ahead of the expected need and perhaps
even getting a better price.
4 points
QU E STI O N 5
1. On 30 September 2010, $275,000 remains in the Operations and
Maintenance, Army (OMA) allowance at the XVIII Airborne Corps. On that day,
the contracting officer is about to award a supply contract, obligating
$300,000 OMA. Award of the supply contract:
Will cause an Antideficiency Act (ADA) violation because the contract
price exceeds the amount of OMA available at the XVIII Airborne Corps.
Will cause an ADA violation unless the contracting officer shows that she
neither knew nor should have known that the XVIII Airborne Corps had
only $275,000 in the OMA account.
Will cause an ADA violation if the XVIII Airborne Corps’s major command,
FORSCOM, lacks sufficient OMA funds in its formal subdivision to cover
the overobligation.
Will not cause an ADA violation if Congress enacts either a Continuing
Resolution Authority (CRA) or a permanent appropriation before the
vendor seeks payment for the supplies.
Will not cause an ADA violation because the OMA account at the XVIII
Airborne Corps was a target/allowance and an obligation in excess of a
target/allowance can never result in an ADA violation.
4 points
QU E STI O N 6
1. Assume a contracting officer (KO) at Ft. Bragg, NC awards a contract
on 20 September 2010 for $10 million inadvertently committing an ADA
violation by causing the Army to exceed the amount available in its FY 2010
O&M appropriation. Which of the following is correct:
The KO is subject to administrative discipline because good faith or
mistake of fact does not relieve him from liability under the ADA.
There is no ADA violation if DoD has sufficient funds to cover the
overage.
The KO is not subject to criminal or adverse administrative action
because Ft. Bragg's allotment is an informal subdivision of funds.
The KO will surely go to jail for an ADA violation, serving a mandatory
minimum.
4 points
QU E STI O N 7
1. The fiscal year for the U.S. Government is a 12-month period from:

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