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Fiscal Law 3.1 {} /43 Questions And Answers Rated (A+)
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Fiscal Law 3.1 {2023-2024} /43 Questions AndAnswers Rated (A+)
Quiz :Federal appropriations law can be categorized into which three topical
areas? - √Answer :Purpose, Time, and Amount
Quiz :In the DoD final decisions of fiscal law questions are "officially" rendered
by whom? - √Answer :DoD General Council
Quiz :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
Quiz :Annual appropriations remain available for new obligations for how
long? - √Answer :One fiscal year
Quiz :Operations and Maintenance (O&M) is an example of what type of
appropriation? - √Answer :Annual Appropriation
Quiz :RDT&E is an example of what type of appropriation? - √Answer :Multi-
year appropriation
, Quiz :Budget authority does not expire in what type of appropriation? -
√Answer :No year appropriation
Quiz :Article 1 Section 9 gives the power to appropriate funds for operating
the government to which branch? - √Answer :Legislative Branch (Congress)
Quiz :Which law established the House and Senate Budget Committees and
the Congressional Budget Office (CBO)? - √Answer :Congressional Budget Act
of 1974
Quiz :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
Quiz :Who are determined to be accountable officers in the Department of
Defense? - √Answer :Certifying and Disbursing Offices and Departmental
Accountable Officials
Quiz :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
Quiz :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
Quiz :What type of budgetary resources remains available for new obligations
for more than one fiscal year? - √Answer :Multi-year authority
Quiz :What type of Congressional resolution can be thought of as a temporary
appropriations act? - √Answer :Continuing Resolution
Quiz :If a Contracting Officer signs a contract in advance of an appropriation,
what type of violation has occurred? - √Answer :Antideficiency Act Violation
(ADA)
Quiz :What agency apportions funds for a working capital fund? -
√Answer :Office of Management and Budget (OMB)
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