Exam (elaborations)
FSD 101 Basic Fiscal Law Exam Questions and Answers.
- Course
- Institution
FSD 101 Basic Fiscal Law Exam Questions and Answers.
[Show more]
Seller
Follow
Wisdoms
Reviews received
Content preview
FSD 101 Basic Fiscal Law Exam Questions andAnswers
________________ funds are available for new obligations for a period of 5 years. - Answer -
Anti deficiency Act Principles state that you can receive services without paying for them as benefit to
the government. - Answer - False
________________ has the ability to appropriate funds to be spent by the federal government. - Answer
- Congress
Under the "Separation of Powers" doctrine established by the Constitution, the _____________ carries
out the laws with the money Congress provides. - Answer -
The ____________ Act prohibits against over obligated or overspending an appropriation. - Answer -
Antideficiency
Fiscal Law is derived from: - Answer - All of the above
The three main elements that must be met before funds are obligated are: - Answer - Purpose, Time,
and Amount
The Anti deficiency Act includes _________________ penalties for violation. - Answer - Both A and B
(Civil and Criminal)
Under the "Separation of Powers" doctrine, ________________ has the final word on how much money
can be spent by a given agency or program. - Answer - Congress
"The established rule is that the expenditure of public funds is proper only when authorized by
Congress" describes ______________ - Answer - Affirmative Authority
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R195,59. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now