Fiscal law test questions - Study guides, Class notes & Summaries
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers,100% CORRECT
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers 
 
Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. 
 
Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers,100% CORRECT
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers 
 
Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. 
 
Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...
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Fiscal Law Test Questions 
with Correct Answers 
 
Fiscal Law - ANSWER Body of law governing use of federal funds 
Fiscal Year - ANSWER 1 October ‐ 30 September 
Period of Availability - ANSWER Most appropriations available for obligation for 
limited time period 
Funds not obligated in timely manner generally expire 
Obligation - ANSWER Transaction legally binding the government to make 
payment 
E.g., place an order, award a contract, receive services 
Budget Authority - ANSWER Federal law p...
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Test Bank for Issues in Economics Today, 10th Edition by Robert Guell
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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...
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Fiscal Law Test Questions with Correct Answers.Fiscal Law Test Questions with Correct Answers. Fiscal Law Test Questions with Correct Answers.
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Fiscal Law Test Questions 
and Answers 
 
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 agencie...
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Fiscal Law Test Questions and Answers
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Fiscal Law Test Questions and Answers 
 
Congress that issues opinions and reports to federal agencies concerning the obligation and expenditure of public funds 
 
payment. 
 
available for original obligation. 
 
funds 
No money can be paid out of the treasury unless it has been appropriated by an act of Congress (Appropriations Clause) (Power of the purse)A statute passed annually by Congress that authorizes the appropriation of funds for programs and activities 
 
of the general welfare 
2.	F...
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Fiscal Law Test Questions with Correct Answers (2)
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Fiscal Law Test Questions with Correct Answers (2) 
 
 
 
 
limited time period 
 Funds not obligated in timely manner generally expire 
 
payment 
 E.g., place an order, award a contract, receive services 
 
specified amount 
 
doesn't provide obligation authority 
 E.g., end strength; DoD FM Certification Program; government lodging program (i.e., Integrated Lodging Program) 
 
make payments out 
of the Treasury for specified purposes 
 
appropriations act ‐ provides budget 
authority to co...
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Fiscal Law Test Questions and Answers
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Fiscal Law Test Questions and Answers 
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 o...
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Fiscal Law Test Questions with Correct Answers
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Fiscal Law Test Questions with Correct Answers 
Fiscal Law - ANSWER Body of law governing use of federal funds 
 
Fiscal Year - ANSWER 1 October ‐ 30 September 
 
Period of Availability - ANSWER Most appropriations available for obligation for limited time period 
 Funds not obligated in timely manner generally expire 
 
Obligation - ANSWER Transaction legally binding the government to make payment 
 E.g., place an order, award a contract, receive services 
 
B...
![Fiscal Law Exam CLG 001 _ Questions And Answers 2023](/docpics/2839164/64791ec586744_2839164_121_171.jpeg)
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023 
 
 
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 ...
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