Clg 001 fiscal law clg001 - Study guides, Class notes & Summaries

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CLG 001_ Fiscal Law Exam version 2, Questions & Answers
  • CLG 001_ Fiscal Law Exam version 2, Questions & Answers

  • Exam (elaborations) • 20 pages • 2023
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  • CLG 001_ Fiscal Law Exam version 2, Questions & Answers-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. QUESTION 2 20 points ...
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CLG 001_ Fiscal Law Exam version 2_ updated and answered.
  • CLG 001_ Fiscal Law Exam version 2_ updated and answered.

  • Exam (elaborations) • 13 pages • 2024
  • 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. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason i...
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