Fiscal law questions - Study guides, Class notes & Summaries

FSD 101 Basic Fiscal Law Questions and Answers Rated A+ Anti deficiency Act Principles state that you can receive services without paying for them as benefit to the government. False ________________ has the ability to appropriate funds to be spent by the federal government. Congress The ____________ Act prohibits against over obligated or overspending an appropriation. Antideficiency Fiscal Law is derived from: All of the above The three main elements that must be met befor...

CDFM Module 3.1 Fiscal Law questions and answers 100% verified. Basic Axiom of Fiscal Law (the premise of fiscal law) - correct answer. The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law - correct answer. Which law: There is no law that says you can't do it. Fiscal Law - correct answer. Which Law: You can only do what the law authorized ...

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CDFM - Certified Defense Financial Manager Basic Axiom of Fiscal Law (the premise of fiscal law) correct answer: The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law correct answer: Which law: There is no law that says you can't do it. Fiscal Law correct answer: Which Law: You can only do what the law authorized you to do. Constitutional Authority: Article 1, sec...

Fiscal Law Questions And Answers All Correct QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted....

Fiscal Law Questions And Answers All Correct QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted....

Fiscal Law Q - QUESTION 1 1. Which of the...Fiscal Law Q - QUESTION 1 1. Which of the...Fiscal Law Q - QUESTION 1 1. Which of the...

How many branches of Government did the Constitution establish? - ANSWER Three What was the predecessor to the Constitution? - ANSWER Articles of Confederation Where are all Federal-level laws enacted? - ANSWER Congress In which article of the Constitution is the power to raise taxes found? - ANSWER Article 1 What occurs when Congress is not in session and the President does not sign a properly-presented, enrolled bill within 10 days? - ANSWER Pocket Veto How frequently does Congr...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns...

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