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Test Bank for Issues in Economics Today 10e 10th Edition by Robert Guell. ISBN-13: 0623 Full Chapters test bank are included Chapter 1: Economics: The Study of Opportunity Cost  Chapter 2: Supply and Demand  Chapter 3: The Concept of Elasticity and Consumer and Producer Surplus Chapter 4: Firm Production, Cost, and Revenue  Chapter 5: Perfect Competition, Monopoly, and Economic versus Normal Profit  Chapter 6: Every Macroeconomic Word You Ever Heard: Gross Domes...

Is repurposing or converting a facility for a new use considered construction? - ANSWER Yes 3 Essential Principles of Fiscal Law - ANSWER Time, Purpose, and Amount What funds are ordinary operating expenses funded with? - ANSWER 0100 O&M What are Procurement (Proc) Funds used for? - ANSWER Capital Purchases ie) Aircraft, Missiles, Tanks Name 3 colors of Proc Funds - ANSWER 3010, 3020, 3080 What funding can be funded with two types of funds under two different dollar ceilings?...

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U.S. Fiscal Law - ANSWER Body of law which governs the use and availability Federal funds by Executive Agencies Fiscal Law is derived from... - ANSWER 1. US Constitution (Article I) 2. US Code, Title 31 3. FAR and subsequent regulations 4. GAO and court rulings Fiscal Year - ANSWER Starts October 1 End September 30 Government Accountability Office (GAO) - ANSWER An investigative arm of Congress that issues opinions and reports to federal agencies concerning the obligation and ex...

CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS

CDFM 3.1 Fiscal Law True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. 5 The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is _...

What is the "Bona Fide Need" Rule? - ANSWER The concept of the "legal availability" of Congressional appropriations is defined in terms of three elements - purpose, time, and amount. The Bona Fide Need rule covers the "time" aspect of legal availability and is one of the primary means of congressional control over its appropriations. The Bona Fide Need rule basically means that a federal agency must have a legitimate or "bona fide" need for the requirement during the time period that t...

SC Property Management License Exam Questions and Answers 100% Pass PM & PMIC licenses need to renewed biennially - June 30th (end of state's fiscal year) Conversion - to use trust funds for the purpose other than the purpose of which they are held. Unlawful use of funds. Customer - a buyer, seller, landlord or tenant who uses the services of a real estate licensee but does not establish an agency relationship through a written agency agreement with the licensee's real estate broker...

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