Basic fiscal law - Study guides, Class notes & Summaries

FSD 101 Basic Fiscal Law Exam Questions and Answers.

"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ - Answer Affirmative Authority ______ has the ability to appropriate funds to be spent by the federal government. - Answer Congress The three main elements that must be met before funds are obligated are - Answer Purpose Time Amount To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) developed the concept known as the...

CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains available for new obligatio...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

Question 1 In order to realign local government with the Constitution, a number of new local government law principles were created. “Non-racial democratic government” is an example of a new local government law principle. Name and briefly describe another five new local government law principles. [10] • Local government within a system of cooperative government √ - Local government forms part of the general government system. √ • New boundaries for municipalities √ - ...

Which of the following is part of RECA's commitment to consumer protection? - AnswerWhat are some benefits that mortgage brokerage trade associations offer their members? - Answer- Licensing Standards for mortgage industry members Which entity has the authority to amend the Act? - Answer- Provincial Legislators Which of the following represents an accountability mechanism that RECA must comply with under the Act? - Answer- Previous Fiscal year In addition to mortgage brokerage trade associ...

Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment? - Correct answerProtectionism Which factors predict the degree of rivalry between a pair of competitors? 2 choices - Correct answer-Market commonality and Cost structure Which factors predicts how local firms in emerging economics will respond to multinational competitors? Competitive assets and industry pressures to globalize - Correct answer-Market...

FSD 101 BASIC FISCAL LAW|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS

"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ Correct Answer Affirmative Authority ______ has the ability to appropriate funds to be spent by the federal government. Correct Answer Congress The three main elements that must be met before funds are obligated are Correct Answer Purpose Time Amount To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) developed the concept