CUNNINGHAM'S 2002 COMPLETE CERTIFICATION TESTBANK 1

Question 1

If both houses of Congress do not complete action on the proposed rescission within _____ days of continuous congressional session after its receipt, the funds must be made available for obligation. US Budget FY 2001, FMR 7000.14

A. 30
B. 45
C. 14
D. 60

Answer 1

CORRECT ANSWER: B

Question 2

The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  President's Budget

Answer 2

CORRECT ANSWER: A

Question 3

The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b

A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return

Answer 3

CORRECT ANSWER: C

Question 4

________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14

A. Liquidations
B. Commitments
C. MIPIR
D. Contracts

Answer 4

CORRECT ANSWER: B

Question 5

The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001

A. Special Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 5

CORRECT ANSWER: D

Question 6

______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14

A.  Allotment
B.  Apportionment request
C.  Apportionment
D. Treasury Warrant

Answer 6

CORRECT ANSWER: C

Question 7

In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001
	A.  Personnel needed
	B.  Budget Authority
	C.  Apportionments
	D.  All of the above

Answer 7

CORRECT ANSWER: B

Question 8

In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001

A.  Congressional Budget Office
B.  Chairman Joint Chiefs of Staff
C.  Office of Management and Budget

Answer 8

CORRECT ANSWER: C

Question 9

The President has delegated the authority to apportion to___________. US Budget FY 2001

A.  OMB
B.  CBO
C.  Secretary of the Treasury
D.  All of the above

Answer 9

CORRECT ANSWER: A

Question 10

Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001

A. General Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 10

CORRECT ANSWER: A

Question 11

Offsetting collections and receipts result from either ______or ______. US Budget FY 2001

A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B.  Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D.  Sale of government property and the collection of debts in arrears.

Answer 11

CORRECT ANSWER: A

Question 12

The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee

Answer 12

CORRECT ANSWER: C

Question 14

The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  President's Budget

Answer 14

CORRECT ANSWER: A

Question 15

The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b

A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return

Answer 15

CORRECT ANSWER: C

Question 16

________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14

A. Liquidations
B. Commitments
C. MIPIR
D. Contracts

Answer 16

CORRECT ANSWER: B

Question 17

The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001

A. Special Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 17

CORRECT ANSWER: D

Question 18

______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14

A.  Allotment
B.  Apportionment request
C.  Apportionment
D. Treasury Warrant

Answer 18

CORRECT ANSWER: C

Question 19

In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001
	A.  Personnel needed
	B.  Budget Authority
	C.  Apportionments
	D.  All of the above

Answer 19

CORRECT ANSWER: B

Question 20

In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001

A.  Congressional Budget Office
B.  Chairman Joint Chiefs of Staff
C.  Office of Management and Budget

Answer 20

CORRECT ANSWER: C

Question 21

The President has delegated the authority to apportion to___________. US Budget FY 2001

A.  OMB
B.  CBO
C.  Secretary of the Treasury
D.  All of the above

Answer 21

CORRECT ANSWER: A

Question 22

Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001

A. General Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 22

CORRECT ANSWER: A

Question 23

Offsetting collections and receipts result from either ______or ______. US Budget FY 2001

A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B.  Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D.  Sale of government property and the collection of debts in arrears.

Answer 23

CORRECT ANSWER: A

Question 24

The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee

Answer 24

CORRECT ANSWER: C

Question 25

\_\_\_\_refers to the budget authority that is made available for obligation beginning in the last				quarter of the fiscal year for financing ongoing grant 	programs during the next fiscal year. 					US Budget FY 2001
		A. Contractual Funding
	B.  Forward Funding
	C. Advance Funding
	D.  B and C

Answer 25

CORRECT ANSWER: B

Question 26

The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  President's Budget

Answer 26

CORRECT ANSWER: A

Question 27

The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b

A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return

Answer 27

CORRECT ANSWER: C

Question 28

________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14

A. Liquidations
B. Commitments
C. MIPIR
D. Contracts

Answer 28

CORRECT ANSWER: B

Question 29

The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001

A. Special Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 29

CORRECT ANSWER: D

Question 30

______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14

A.  Allotment
B.  Apportionment request
C.  Apportionment
D. Treasury Warrant

Answer 30

CORRECT ANSWER: C

Question 31

In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001
	A.  Personnel needed
	B.  Budget Authority
	C.  Apportionments
	D.  All of the above

Answer 31

CORRECT ANSWER: B

Question 32

In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001

A.  Congressional Budget Office
B.  Chairman Joint Chiefs of Staff
C.  Office of Management and Budget

Answer 32

CORRECT ANSWER: C

Question 33

The President has delegated the authority to apportion to___________. US Budget FY 2001

A.  OMB
B.  CBO
C.  Secretary of the Treasury
D.  All of the above

Answer 33

CORRECT ANSWER: A

Question 34

Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001

A. General Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 34

CORRECT ANSWER: A

Question 35

Offsetting collections and receipts result from either ______or ______. US Budget FY 2001

A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B.  Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D.  Sale of government property and the collection of debts in arrears.

Answer 35

CORRECT ANSWER: A

Question 36

The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee

Answer 36

CORRECT ANSWER: C

Question 37

\_\_\_\_refers to the budget authority that is made available for obligation beginning in the last				quarter of the fiscal year for financing ongoing grant 	programs during the next fiscal year. 					US Budget FY 2001
		A. Contractual Funding
	B.  Forward Funding
	C. Advance Funding
	D.  B and C

Answer 37

CORRECT ANSWER: B

Question 38

___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001

A. Passed Funding
B.  Forward Funding
C. Advance Funding
D.  None of the above

Answer 38

CORRECT ANSWER: C

Question 39

____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001

A.  Ca$hlink
B.  Reauthorization
C.  PAYGO
D.  Automatic offsetting adjustment Act

Answer 39

CORRECT ANSWER: C

Question 40

The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  President's Budget

Answer 40

CORRECT ANSWER: A

Question 41

The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b

A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return

Answer 41

CORRECT ANSWER: C

Question 42

________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14

A. Liquidations
B. Commitments
C. MIPIR
D. Contracts

Answer 42

CORRECT ANSWER: B

Question 43

The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001

A. Special Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 43

CORRECT ANSWER: D

Question 44

______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14

A.  Allotment
B.  Apportionment request
C.  Apportionment
D. Treasury Warrant

Answer 44

CORRECT ANSWER: C

Question 45

In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001
	A.  Personnel needed
	B.  Budget Authority
	C.  Apportionments
	D.  All of the above

Answer 45

CORRECT ANSWER: B

Question 46

In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001

A.  Congressional Budget Office
B.  Chairman Joint Chiefs of Staff
C.  Office of Management and Budget

Answer 46

CORRECT ANSWER: C

Question 47

The President has delegated the authority to apportion to___________. US Budget FY 2001

A.  OMB
B.  CBO
C.  Secretary of the Treasury
D.  All of the above

Answer 47

CORRECT ANSWER: A

Question 48

Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001

A. General Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 48

CORRECT ANSWER: A

Question 49

Offsetting collections and receipts result from either ______or ______. US Budget FY 2001

A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B.  Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D.  Sale of government property and the collection of debts in arrears.

Answer 49

CORRECT ANSWER: A

Question 50

The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee

Answer 50

CORRECT ANSWER: C

Question 51

\_\_\_\_refers to the budget authority that is made available for obligation beginning in the last				quarter of the fiscal year for financing ongoing grant 	programs during the next fiscal year. 					US Budget FY 2001
		A. Contractual Funding
	B.  Forward Funding
	C. Advance Funding
	D.  B and C

Answer 51

CORRECT ANSWER: B

Question 52

___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001

A. Passed Funding
B.  Forward Funding
C. Advance Funding
D.  None of the above

Answer 52

CORRECT ANSWER: C

Question 53

____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001

A.  Ca$hlink
B.  Reauthorization
C.  PAYGO
D.  Automatic offsetting adjustment Act

Answer 53

CORRECT ANSWER: C

Question 54

_____________ funds such as the Working Capital Fund are financed primarily by
reimbursements from customers appropriated accounts. FMR Volume 11

A.  Reimbursable
B.  Reengineering
C.  Revolving
D.  All of the above

Answer 54

CORRECT ANSWER: C

Question 55

_______, which are the amounts of orders placed, contracts awarded, services received, and similar transactions during an accounting period that will require payment during the same or future period. US Budget FY 2001, FMR 7000.14

A. Obligations
B. Commitments
C. MIPIR
D. Contracts

Answer 55

CORRECT ANSWER: A

Question 56

\_\_\_\_ are the most common type of obligating document.  It is an agreement between the Gov and a commercial vendor to provide 	specific goods and/or services to the Federal government.  The funds are obligated when it has been accepted and signed.  		US Budget FY 2001, FMR 7000.14
	A. Obligations
	B. Commitments
	C. MIPIRs
	D. Contracts

Answer 56

CORRECT ANSWER: D

Question 57

\_\_\_\_ are the most universal forms for requesting work or services from another government				entity.   These documents are  subject to downward adjustment when the obligated 				appropriation is no longer available for obligation to the extent that the procuring component				has not executed its agreed-upon contract or project order actions. 							US Budget FY 2001, FMR 7000.14
	A. Obligations
	B. Commitments
	C. MIPIRs
	D. Contracts

Answer 57

CORRECT ANSWER: C

Question 58

True or false? An amount may be recorded as an obligation when supported by simple verbal evidence of the transaction. US Budget FY 2001, FMR 7000.14

A True	B False

Answer 58

CORRECT ANSWER: B

Question 59

___________ orders are used for ordering work or services from another Government entity.
This document is treated as a contract and when it is accepted in writing by the performing
activity, the amount must be recorded as an obligation in the amount stated in the order. US Budget FY 2001, FMR 7000.14
A. Commitment
B. Contract
C. Project
D. Working Capital Fund

Answer 59

CORRECT ANSWER: C

Question 60

___ are intergovernmental order that when issued against annual or multiple year appropriations, or both, must be adjusted downward when the appropriation is no longer available for obligation. US Budget FY 2001, FMR 7000.14

A.  Project Adjustment Orders
B.  Economy Act Orders
C.  Project Orders
D.  Working Capital Fund Order

Answer 60

CORRECT ANSWER: B

Question 61

The foreign currency fluctuation appropriation was established to eliminate losses or gains to
programs caused by _______ from those used in the budget. Working Capital Fund (WCF)
foreign currency fluctuations are absorbed by the incurring WCF business area, not the foreign currency account. US Budget FY 2001, FMR 7000.14

A. fluctuation of specified foreign currency exchange rates
B. fluctuation of American stock markets to foreign stock market 
C. fluctuation of consumer price index to foreign price indices.

Answer 61

CORRECT ANSWER: A

Question 62

_____are monies that are not appropriated by Congress. They come primarily from the sale of goods and services and are used to support MWR billeting and certain religious and educational programs. US Budget FY 2001, FMR 7000.14 Vol. 13

A. Petty Cash
B. New-Appropriation Funds (NAF)
C. Non-Appropriated Funds (NAF)

Answer 62

CORRECT ANSWER: C

Question 63

The goal of the ___________ was to achieve economy and enhance productivity. by
increasing competition. It is designed to retain government functions in-house and rely on
the commercial sector

A.  Circular A-76
B.  Circular A-11
C.  SF 1-33
D.  Circular  A-14

Answer 63

CORRECT ANSWER: A

Question 64

“The _____ states that, “It is a well-settled rule of statutory construction that where an appropriation is made for a particular object, by implication it confers authority to incur expenses which are necessary or proper or incident to the proper execution of the object, unless there is another appropriation…” US Budget FY 2001, FMR 7000.14

A.  Preamble
B.  Needless Expense Doctrine
C.  Specific Expense Doctrine
D.  Necessary Expense Doctrine

Answer 64

CORRECT ANSWER: D

Question 65

The _____was created by the Employment Act of 1946 It has 3 members appointed by the (a Chairman, 2 members and 10 economists assisted by 10 junior staff economists.) It’s function is to____________. www.whitehouse.gov, Employment Act of 1946

A. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of
the State of the Union.
B. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of the Economic Report
C. Council of Financial Accountants (CFA), Assist and advise the Pres. in the preparation of the Economic Report
D. Council of Acquisition Advisors (CAA), Assist and advise the Pres. in the preparation of the Economic Report

Answer 65

CORRECT ANSWER: B

Question 66

The ______examines the global security situation and develops strategy to achieve national security objectives and sets related force requirements. FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  None of the Above

Answer 66

CORRECT ANSWER: C

Question 67

The ____ is the process used to acquire, allocate, account for, and analyze personnel and financial resources for the Department of Defense. FMR 7000.14

A. Planning, Programming, and Balance Budget System
B. Procurement, Programming, and Budgeting System
C. Planning, Processing, and Budgeting System
D. Planning, Programming, and 	Budgeting System

Answer 67

CORRECT ANSWER: D

Question 68

The ultimate objective of the PPBS is to provide the Commander’s with the best allocation
of_________

A. Forces, equipment and support regardless of resource constraints.
B. Forces, equipment and support within resource constraints.
C. Forces, maintenance and support regardless of resource constraints.

Answer 68

CORRECT ANSWER: B

Question 69

The DoDs principal resource management organization responsible for reviewing the
service and defense agency Program Objectives Memoranda (POMs) and conducting program execution reviews is _________..

A.  The Defense Reallocation Board 

b. The Defense Realignment Board
c. The Defense Resources Board
d. The Defense Redesignation

Answer 69

CORRECT ANSWER: C

Question 70

The __________ is chaired by the _______________.

A.  The Defense Reallocation Board,  Under Secretary Acquisition, Technology and 
Logistics (USD(AT&L)
b.  The Defense Realignment Board, Under SECDEF Program Analysis and Evaluation 
(DPA&E)
c.  The Defense Redesignation Board,the Under Sec.Comptroller (USD(C)),
d.  The Defense Resources Board, DepSec of Defense

Answer 70

CORRECT ANSWER: D

Question 71

The _______, composed of senior acquisition personnel is DoD’s senior-level forum for
advising the USD(AT&L) on critical decisions regarding Major Defense Acquisition Programs
A. Defense Acquisition Board (DAB).
B. Defense Accreditation Board (DAB).
C. Logistics Acquisition Board (LAB).
D. Defense Resource Board (DAB).

Answer 71

CORRECT ANSWER: A.

Question 72

The _____is the DAB Chairman, while the _____serves as the DAB Vice Chairman.

A.  Under Secretary  Acquistion, Technology and Logistics (USD(AT&L),Chairman of the 
Joint Chiefs of Staff
B.  Under Sec Def. Program Analysis and Evaluation(DPA&E), Chairman of the Joint 
Chiefs of Staff
C. The USD(AT&L), Vice Chairman of the Joint Chiefs of Staff
D. The USD(AT&L),  Chairman of the Joint Chiefs of Staff

Answer 72

CORRECT ANSWER: C

Question 73

A comprehensive review is done on a _______ basis by each DoD activity and is adjusted as
needed. US Budget FY 2001

A.  Quarterly 
B.  Weekly
C.  Midyear
D.  Bi-Annual

Answer 73

CORRECT ANSWER: C

Question 74

The President’s principal forum on national security and foreign policy matters is the __________. www.whitehouse.gov

A. Joint Chiefs of Staff
B. House/Senate Armed services Committee
C. Central Intelligence Agency
D. The National Security Council

Answer 74

CORRECT ANSWER: D

Question 75

The Office of the SECDEF is required to report to the OMB the status of expenditures___________. US Budget Fy2001

A.  As soon as is practical
B.  Quarterly using the SF-133
C.  OSD is not required to report to OMB.
D.  Ongoing throughout the fiscal year

Answer 75

CORRECT ANSWER: B

Question 76

The _____is a product of the National Security Council. US Budget FY 2001, FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  President's Budget

Answer 76

CORRECT ANSWER: A

Question 77

The Defense Working Capital Fund activities operate on a __ basis over the long term. FMR 7000.14 Volume 11b

A. Cost plus 10% return
B. Cost plus 5 % return
C. Breakeven
D. Mandatory , cost of goods sold plus 15% return

Answer 77

CORRECT ANSWER: C

Question 78

________ are the administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments. When recorded in the accounting records, reduce the uncommitted/unobligated balance. US Budget FY 2001, FMR 7000.14

A. Liquidations
B. Commitments
C. MIPIR
D. Contracts

Answer 78

CORRECT ANSWER: B

Question 79

The funds that the US Government accounts for on behalf of individual employees, such as the Thrift Savings plan is called a________. US Budget FY 2001

A. Special Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 79

CORRECT ANSWER: D

Question 80

______is part of the government-wide system for the administrative control of appropriations and funds. It is a distribution of an amount available for obligation and/or commitment in an appropriation or fund account into amounts available for specified time periods, activities, projects, or combinations. US Budget FY 2001, FMR 7000.14

A.  Allotment
B.  Apportionment request
C.  Apportionment
D. Treasury Warrant

Answer 80

CORRECT ANSWER: C

Question 81

In making appropriations Congress doesn’t vote on the level of outlays but rather on\_\_\_\_\_\_ US Budget FY 2001
	A.  Personnel needed
	B.  Budget Authority
	C.  Apportionments
	D.  All of the above

Answer 81

CORRECT ANSWER: B

Question 82

In the early fall agencies submit budget requests to ____who identifies issues that their officials will need to discuss with agencies. US Budget FY 2001

A.  Congressional Budget Office
B.  Chairman Joint Chiefs of Staff
C.  Office of Management and Budget

Answer 82

CORRECT ANSWER: C

Question 83

The President has delegated the authority to apportion to___________. US Budget FY 2001

A.  OMB
B.  CBO
C.  Secretary of the Treasury
D.  All of the above

Answer 83

CORRECT ANSWER: A

Question 84

Receipt accounts of the ___ fund account for the greatest part of the budget. These are not earmarked for a specific purpose. US Budget FY 2001

A. General Fund
B.  Trust Fund
C.  Public enterprise fund
D.  Deposit Fund

Answer 84

CORRECT ANSWER: A

Question 85

Offsetting collections and receipts result from either ______or ______. US Budget FY 2001

A. Business like or market-oriented activities with the public and Intergovernmental transactions.
B.  Contracts and Intergovernmental transactions
C. Business like or market-oriented activities with the public and thrift fund proceeds
D.  Sale of government property and the collection of debts in arrears.

Answer 85

CORRECT ANSWER: A

Question 86

The term___ refers to fees charges, and assessments from Government levies on a class directly benefiting from or subject to regulation by, a government program or activity. US Budget FY 2001
A. Activity Fee
B. Consumer Usage Assessment
C. User Fee

Answer 86

CORRECT ANSWER: C

Question 87

\_\_\_\_refers to the budget authority that is made available for obligation beginning in the last				quarter of the fiscal year for financing ongoing grant 	programs during the next fiscal year. 					US Budget FY 2001
		A. Contractual Funding
	B.  Forward Funding
	C. Advance Funding
	D.  B and C

Answer 87

CORRECT ANSWER: B

Question 88

___refers to the budget authority that is not made available until one year or more beyond the fiscal year for which the appropriation is passed. US Budget FY 2001

A. Passed Funding
B.  Forward Funding
C. Advance Funding
D.  None of the above

Answer 88

CORRECT ANSWER: C

Question 89

____states that if a law increases the deficit or reduces the surplus in the budget year or any of the following years another law must be enacted with an offsetting reduction in spending or increase in receipts. US Budget FY 2001

A.  Ca$hlink
B.  Reauthorization
C.  PAYGO
D.  Automatic offsetting adjustment Act

Answer 89

CORRECT ANSWER: C

Question 90

_____________ funds such as the Working Capital Fund are financed primarily by
reimbursements from customers appropriated accounts. FMR Volume 11

A.  Reimbursable
B.  Reengineering
C.  Revolving
D.  All of the above

Answer 90

CORRECT ANSWER: C

Question 91

_______, which are the amounts of orders placed, contracts awarded, services received, and similar transactions during an accounting period that will require payment during the same or future period. US Budget FY 2001, FMR 7000.14

A. Obligations
B. Commitments
C. MIPIR
D. Contracts

Answer 91

CORRECT ANSWER: A

Question 92

\_\_\_\_ are the most common type of obligating document.  It is an agreement between the Gov and a commercial vendor to provide 	specific goods and/or services to the Federal government.  The funds are obligated when it has been accepted and signed.  		US Budget FY 2001, FMR 7000.14
	A. Obligations
	B. Commitments
	C. MIPIRs
	D. Contracts

Answer 92

CORRECT ANSWER: D

Question 93

\_\_\_\_ are the most universal forms for requesting work or services from another government				entity.   These documents are  subject to downward adjustment when the obligated 				appropriation is no longer available for obligation to the extent that the procuring component				has not executed its agreed-upon contract or project order actions. 							US Budget FY 2001, FMR 7000.14
	A. Obligations
	B. Commitments
	C. MIPIRs
	D. Contracts

Answer 93

CORRECT ANSWER: C

Question 94

True or false? An amount may be recorded as an obligation when supported by simple verbal evidence of the transaction. US Budget FY 2001, FMR 7000.14

A True	B False

Answer 94

CORRECT ANSWER: B

Question 95

___________ orders are used for ordering work or services from another Government entity.
This document is treated as a contract and when it is accepted in writing by the performing
activity, the amount must be recorded as an obligation in the amount stated in the order. US Budget FY 2001, FMR 7000.14
A. Commitment
B. Contract
C. Project
D. Working Capital Fund

Answer 95

CORRECT ANSWER: C

Question 96

___ are intergovernmental order that when issued against annual or multiple year appropriations, or both, must be adjusted downward when the appropriation is no longer available for obligation. US Budget FY 2001, FMR 7000.14

A.  Project Adjustment Orders
B.  Economy Act Orders
C.  Project Orders
D.  Working Capital Fund Order

Answer 96

CORRECT ANSWER: B

Question 97

The foreign currency fluctuation appropriation was established to eliminate losses or gains to
programs caused by _______ from those used in the budget. Working Capital Fund (WCF)
foreign currency fluctuations are absorbed by the incurring WCF business area, not the foreign currency account. US Budget FY 2001, FMR 7000.14

A. fluctuation of specified foreign currency exchange rates
B. fluctuation of American stock markets to foreign stock market 
C. fluctuation of consumer price index to foreign price indices.

Answer 97

CORRECT ANSWER: A

Question 98

_____are monies that are not appropriated by Congress. They come primarily from the sale of goods and services and are used to support MWR billeting and certain religious and educational programs. US Budget FY 2001, FMR 7000.14 Vol. 13

A. Petty Cash
B. New-Appropriation Funds (NAF)
C. Non-Appropriated Funds (NAF)

Answer 98

CORRECT ANSWER: C

Question 99

The goal of the ___________ was to achieve economy and enhance productivity. by
increasing competition. It is designed to retain government functions in-house and rely on
the commercial sector

A.  Circular A-76
B.  Circular A-11
C.  SF 1-33
D.  Circular  A-14

Answer 99

CORRECT ANSWER: A

Question 100

“The _____ states that, “It is a well-settled rule of statutory construction that where an appropriation is made for a particular object, by implication it confers authority to incur expenses which are necessary or proper or incident to the proper execution of the object, unless there is another appropriation…” US Budget FY 2001, FMR 7000.14

A.  Preamble
B.  Needless Expense Doctrine
C.  Specific Expense Doctrine
D.  Necessary Expense Doctrine

Answer 100

CORRECT ANSWER: D

Question 101

The _____was created by the Employment Act of 1946 It has 3 members appointed by the (a Chairman, 2 members and 10 economists assisted by 10 junior staff economists.) It’s function is to____________. www.whitehouse.gov, Employment Act of 1946

A. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of
the State of the Union.
B. Council of Economic Advisors (CEA), Assist and advise the Pres. in the preparation of the Economic Report
C. Council of Financial Accountants (CFA), Assist and advise the Pres. in the preparation of the Economic Report
D. Council of Acquisition Advisors (CAA), Assist and advise the Pres. in the preparation of the Economic Report

Answer 101

CORRECT ANSWER: B

Question 102

The ______examines the global security situation and develops strategy to achieve national security objectives and sets related force requirements. FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D.  None of the Above

Answer 102

CORRECT ANSWER: C

Question 103

The ____ is the process used to acquire, allocate, account for, and analyze personnel and financial resources for the Department of Defense. FMR 7000.14

A. Planning, Programming, and Balance Budget System
B. Procurement, Programming, and Budgeting System
C. Planning, Processing, and Budgeting System
D. Planning, Programming, and 	Budgeting System

Answer 103

CORRECT ANSWER: D

Question 104

The ultimate objective of the PPBS is to provide the Commander’s with the best allocation
of_________

A. Forces, equipment and support regardless of resource constraints.
B. Forces, equipment and support within resource constraints.
C. Forces, maintenance and support regardless of resource constraints.

Answer 104

CORRECT ANSWER: B

Question 105

The DoDs principal resource management organization responsible for reviewing the
service and defense agency Program Objectives Memoranda (POMs) and conducting program execution reviews is _________..

A.  The Defense Reallocation Board 

b. The Defense Realignment Board
c. The Defense Resources Board
d. The Defense Redesignation

Answer 105

CORRECT ANSWER: C

Question 106

The __________ is chaired by the _______________.

A.  The Defense Reallocation Board,  Under Secretary Acquisition, Technology and 
Logistics (USD(AT&L)
b.  The Defense Realignment Board, Under SECDEF Program Analysis and Evaluation 
(DPA&E)
c.  The Defense Redesignation Board,the Under Sec.Comptroller (USD(C)),
d.  The Defense Resources Board, DepSec of Defense

Answer 106

CORRECT ANSWER: D

Question 107

The _______, composed of senior acquisition personnel is DoD’s senior-level forum for
advising the USD(AT&L) on critical decisions regarding Major Defense Acquisition Programs
A. Defense Acquisition Board (DAB).
B. Defense Accreditation Board (DAB).
C. Logistics Acquisition Board (LAB).
D. Defense Resource Board (DAB).

Answer 107

CORRECT ANSWER: A.

Question 108

The _____is the DAB Chairman, while the _____serves as the DAB Vice Chairman.

A.  Under Secretary  Acquistion, Technology and Logistics (USD(AT&L),Chairman of the 
Joint Chiefs of Staff
B.  Under Sec Def. Program Analysis and Evaluation(DPA&E), Chairman of the Joint 
Chiefs of Staff
C. The USD(AT&L), Vice Chairman of the Joint Chiefs of Staff
D. The USD(AT&L),  Chairman of the Joint Chiefs of Staff

Answer 108

CORRECT ANSWER: C

Question 109

A comprehensive review is done on a _______ basis by each DoD activity and is adjusted as
needed. US Budget FY 2001

A.  Quarterly 
B.  Weekly
C.  Midyear
D.  Bi-Annual

Answer 109

CORRECT ANSWER: C

Question 110

The President’s principal forum on national security and foreign policy matters is the __________. www.whitehouse.gov

A. Joint Chiefs of Staff
B. House/Senate Armed services Committee
C. Central Intelligence Agency
D. The National Security Council

Answer 110

CORRECT ANSWER: D

Question 111

The Office of the SECDEF is required to report to the OMB the status of expenditures___________. US Budget Fy2001

A.  As soon as is practical
B.  Quarterly using the SF-133
C.  OSD is not required to report to OMB.
D.  Ongoing throughout the fiscal year

Answer 111

CORRECT ANSWER: B

Question 112

The Final Document of the Planning Phase is the_________________. FMR 7000.14

A. Project Objective Memorandum
B. Program Objective Memorandum
C. Presidents Budget
D. Defense Planning Guidance.

Answer 112

CORRECT ANSWER: D

Question 113

The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14

A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 113

CORRECT ANSWER: B

Question 114

____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14

A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 114

CORRECT ANSWER: D

Question 115

____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Issue Books.

Answer 115

CORRECT ANSWER: A

Question 116

The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14

A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 116

CORRECT ANSWER: B

Question 117

____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14

A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 117

CORRECT ANSWER: D

Question 118

____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Issue Books.

Answer 118

CORRECT ANSWER: A

Question 119

The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions

Answer 119

CORRECT ANSWER: D

Question 120

The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Budget Estimate Decision

Answer 120

CORRECT ANSWER: B

Question 121

The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.

A.  Joint Requirements Oversight Council (JROC).
B.  Joint Regulations Oversight Council (JROC).
C.  Defense Acquisition Board
D.  Defense Resources Board

Answer 121

CORRECT ANSWER: A

Question 122

Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  None of these are violations.

Answer 122

CORRECT ANSWER: A

Question 123

True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.

A.  True		B.  False

Answer 123

CORRECT ANSWER: B

Question 124

Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14

A.  An Obligation in advance of funds being available
B.  Accepting voluntary services	 beyond that authorized by law
C.  Attempting to exceed your daily Government Purchase card limit
D.  Obligation that is not a bonafide need.

Answer 124

CORRECT ANSWER: C

Question 125

A (n)\_\_\_\_\_ is a financial control document that establishes the amount of monies authorized 				to be withdrawn from the central accounts that are maintained by the Treasury Department.						 US Budget FY 2001
	A.  Resolution
	B.  Allotment
	C.  Apportionment
	D. Treasury Warrant

Answer 125

CORRECT ANSWER: D

Question 126

Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  A and C

Answer 126

CORRECT ANSWER: D

Question 127

The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above

Answer 127

CORRECT ANSWER: B

Question 128

If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14

A.  15
B.  20
C.  14
D. 30

Answer 128

CORRECT ANSWER: A

Question 129

The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14

A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 129

CORRECT ANSWER: B

Question 130

____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14

A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 130

CORRECT ANSWER: D

Question 131

____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Issue Books.

Answer 131

CORRECT ANSWER: A

Question 132

The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions

Answer 132

CORRECT ANSWER: D

Question 133

The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Budget Estimate Decision

Answer 133

CORRECT ANSWER: B

Question 134

The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.

A.  Joint Requirements Oversight Council (JROC).
B.  Joint Regulations Oversight Council (JROC).
C.  Defense Acquisition Board
D.  Defense Resources Board

Answer 134

CORRECT ANSWER: A

Question 135

Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  None of these are violations.

Answer 135

CORRECT ANSWER: A

Question 136

True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.

A.  True		B.  False

Answer 136

CORRECT ANSWER: B

Question 137

Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14

A.  An Obligation in advance of funds being available
B.  Accepting voluntary services	 beyond that authorized by law
C.  Attempting to exceed your daily Government Purchase card limit
D.  Obligation that is not a bonafide need.

Answer 137

CORRECT ANSWER: C

Question 138

A (n)\_\_\_\_\_ is a financial control document that establishes the amount of monies authorized 				to be withdrawn from the central accounts that are maintained by the Treasury Department.						 US Budget FY 2001
	A.  Resolution
	B.  Allotment
	C.  Apportionment
	D. Treasury Warrant

Answer 138

CORRECT ANSWER: D

Question 139

Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  A and C

Answer 139

CORRECT ANSWER: D

Question 140

The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above

Answer 140

CORRECT ANSWER: B

Question 141

If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14

A.  15
B.  20
C.  14
D. 30

Answer 141

CORRECT ANSWER: A

Question 142

If within 10 days following the conduct of an inspection, audit or review the Under Secretary of Defense Comptroller determines that a potential Anti Deficiency violation has occurred he shall request a preliminary review within _____ days FMR 7000.14

A.  15
B.  20
C.  14
D.  30

Answer 142

CORRECT ANSWER: D

Question 143

Law provides the ______ with the authority to conduct investigations into violations of
the AntiDeficiency Act. FMR 7000.14

A.  The service chiefs
B.  Chairman Joint Chiefs of Staff
C. GAO
D. IG, DoD

Answer 143

CORRECT ANSWER: D

Question 144

The total time frame for investigations of potential violations of the Antideficiency Act, including submission of the final report to the Under SECDEF Comptroller is _____ months from the date of discovery through the preparation of transmittal letters to the
President, Director of OMB and the leaders of both Houses of Congress. FMR 7000.14

A.  10
B.  9
C.  12
D.  6

Answer 144

CORRECT ANSWER: C

Question 145

Within _______of the appropriations bill being signed the Office of the Secretary of
Defense (OSD) and the Office of Management and Budget negotiate apportionment.

A.  14 days
B. 10  days
C.  7 days
D. 24 hours

Answer 145

CORRECT ANSWER: B

Question 146

Office of the Secretary of Defense allots to military departments____________.

A.  Once a year
B.  Quarterly only 
C.  Midyear
D.  Ongoing throughout the fiscal year

Answer 146

CORRECT ANSWER: A

Question 147

Military departments and other defense agencies obligate for goods an services__________.

A.  As soon as is practical
B.  Quarterly only.
C.  Midyear
D.  Ongoing throughout the fiscal year

Answer 147

CORRECT ANSWER: D

Question 148

The _____is a product of the programming process within DoD and displays the resource allocation decisions of the military departments in response to and in accordance with DPG. FMR 7000.14

A. Project Objective Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 148

CORRECT ANSWER: B

Question 149

____are one-page narratives prepared by OSD staff, DoD , and OMB. FMR 7000.14

A. Program Decision Memorandum
B. Program Objective Memorandum
C. The Presidents Budget
D.  Issue Books.

Answer 149

CORRECT ANSWER: D

Question 150

____is a document containing the decisions by the SECDEF on the program and resource levels identified in the POM. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Issue Books.

Answer 150

CORRECT ANSWER: A

Question 151

The Services aggregate their inputs from operational organizations and field activities
to develop _____ based on the programs and fiscal guidance contained in the POMs. FMR 7000.14
A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D. Budget Estimate Submissions

Answer 151

CORRECT ANSWER: D

Question 152

The ____is a document issued during the joint review of Service budget submission by analyst of the OSD and 0MB. They reflect the decisions of the SECDEF as to the appropriate program and funding to be included in the annual defense budget request. FMR 7000.14

A. Program Decision Memorandum
B. Program Budget Decision
C. The Presidents Budget
D.  Budget Estimate Decision

Answer 152

CORRECT ANSWER: B

Question 153

The ___reviews all deficiencies that may require the development of a major system prior to any consideration or procurement.

A.  Joint Requirements Oversight Council (JROC).
B.  Joint Regulations Oversight Council (JROC).
C.  Defense Acquisition Board
D.  Defense Resources Board

Answer 153

CORRECT ANSWER: A

Question 154

Which of these is a violation of US Code 31 section 1517 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  None of these are violations.

Answer 154

CORRECT ANSWER: A

Question 155

True or false? To be eligible for Project order financing a need not be present in the fiscal year in which the order is placed.

A.  True		B.  False

Answer 155

CORRECT ANSWER: B

Question 156

Which of these is Not a violation of the Anti Deficiency Act _ . FMR 7000 Volume 14

A.  An Obligation in advance of funds being available
B.  Accepting voluntary services	 beyond that authorized by law
C.  Attempting to exceed your daily Government Purchase card limit
D.  Obligation that is not a bonafide need.

Answer 156

CORRECT ANSWER: C

Question 157

A (n)\_\_\_\_\_ is a financial control document that establishes the amount of monies authorized 				to be withdrawn from the central accounts that are maintained by the Treasury Department.						 US Budget FY 2001
	A.  Resolution
	B.  Allotment
	C.  Apportionment
	D. Treasury Warrant

Answer 157

CORRECT ANSWER: D

Question 158

Which of these is NOT a violation of US Code 1342 FMR 7000 Volume 14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  A and C

Answer 158

CORRECT ANSWER: D

Question 159

The CJCS recommends the force structure required to defend the country and develops
the ___________. FMR 7000.14

A. National Security Strategy
B. National Military Strategy
C. Joint Strategic Planning
D. None of the Above

Answer 159

CORRECT ANSWER: B

Question 160

If after a preliminary review the organization determines that a 1341,1342 or 1517 violation has occurred, a formal investigation shall be initiated within ___ business days of the report of preliminary review. FMR 7000.14

A.  15
B.  20
C.  14
D. 30

Answer 160

CORRECT ANSWER: A

Question 161

If within 10 days following the conduct of an inspection, audit or review the Under Secretary of Defense Comptroller determines that a potential Anti Deficiency violation has occurred he shall request a preliminary review within _____ days FMR 7000.14

A.  15
B.  20
C.  14
D.  30

Answer 161

CORRECT ANSWER: D

Question 162

Law provides the ______ with the authority to conduct investigations into violations of
the AntiDeficiency Act. FMR 7000.14

A.  The service chiefs
B.  Chairman Joint Chiefs of Staff
C. GAO
D. IG, DoD

Answer 162

CORRECT ANSWER: D

Question 163

The total time frame for investigations of potential violations of the Antideficiency Act, including submission of the final report to the Under SECDEF Comptroller is _____ months from the date of discovery through the preparation of transmittal letters to the
President, Director of OMB and the leaders of both Houses of Congress. FMR 7000.14

A.  10
B.  9
C.  12
D.  6

Answer 163

CORRECT ANSWER: C

Question 164

Within _______of the appropriations bill being signed the Office of the Secretary of
Defense (OSD) and the Office of Management and Budget negotiate apportionment.

A.  14 days
B. 10  days
C.  7 days
D. 24 hours

Answer 164

CORRECT ANSWER: B

Question 165

Office of the Secretary of Defense allots to military departments____________.

A.  Once a year
B.  Quarterly only 
C.  Midyear
D.  Ongoing throughout the fiscal year

Answer 165

CORRECT ANSWER: A

Question 166

Military departments and other defense agencies obligate for goods an services__________.

A.  As soon as is practical
B.  Quarterly only.
C.  Midyear
D.  Ongoing throughout the fiscal year

Answer 166

CORRECT ANSWER: D

Question 167

Which of these is Not a violation of US Code 1341 FMR 7000.14

A.  Obligate, expend or authorize use of funds that exceed amount available in appropriation.
B.  Accepting voluntary services	 beyond that authorized by law
C.  Involving US Government in Contract prior to appropriation being made.
D.  Involving US Government in a Contract with funds required to be sequestered.

Answer 167

CORRECT ANSWER: B

Question 168

_______establishes the procedures for recording refunds. Circular A-11

A. Circular A-76
B.  Circular A-11
C. SF 1-33
D. Circular  A-14

Answer 168

CORRECT ANSWER: B

Question 169

The _____and financial plan for DoD as approved by the SECDEF compiles cost and force
structure data over a 6-year period for congressional review. FMR 7000.14

A. Fiscal Year Program Defense Program
B. Annual Program Defense  Program
C. Future Years Program Defense Program
D. Budget Estimate Submissions

Answer 169

CORRECT ANSWER: C

Question 170

The Federal budget is the President’s budget request as modified by _____. The law requires that by the first Monday in ____________, the President submit the proposed
budget for the next fiscal year. US Budget FY 2001

A. Congress, September
B. Joint Chiefs of Staff, February
C. Congress, October
D. Congress , February

Answer 170

CORRECT ANSWER: D

Question 171

The Budget Act Requires that by the ____ day after Labor Day that Congress must complete action on bills providing new budget authority. US Budget FY 2001, The Budget Act

A. 10th
B. 7th
C. 8th
D. 14th

Answer 171

CORRECT ANSWER: B

Question 172

By___ the Congress must complete action on a concurrent resolution on the budget, setting ceilings for budget authority and floors for revenues. US Budget FY 2001, The Budget Act

A. Sept 1  
B. Oct 1
C. Sept 15
D. Oct 15

Answer 172

CORRECT ANSWER: C

Question 173

True or False? Congress cannot adjourn until the second required resolution on
the budget has been adopted and if required the reconciliation process has been completed. US Budget FY 2001, The Budget Act

A. True		B. False

Answer 173

CORRECT ANSWER: A

Question 174

___ are transmitted to Congress to revise budget estimates transmitted previously and on which Congress has not completed action. US Budget FY 2001, The Budget Act,

A.  Budget Agreements
B.  Supplemental
C.  SF-133
D.  Budget Amendments

Answer 174

CORRECT ANSWER: D

Question 175

______are normally transmitted to Congress as requests to provide funds in addition to amounts already appropriated. US Budget FY 2001, The Budget Act,

A.  Budget Agreements
B.  Supplemental
C.  SF-133
D.  Budget Amendments

Answer 175

CORRECT ANSWER: B

Question 176

_____spending, which consists of Federal retirement and insurance programs, unemployment, and payments to farmers, comprises about 6 percent of Federal spending. US Budget FY 2001

A.  National Defense Discretionary 
B.  Other Means
C.  Non-Defense Discretionary 
D.  Other Mandatory

Answer 176

CORRECT ANSWER: D

Question 177

The planning process begins_____ in advance of the fiscal year in which the budget authority will be requested. FMR 7000.14

A.about a year and a half 
B.about 2 years  
C.about 3 years and a half 
D.about a 2 and a half years

Answer 177

CORRECT ANSWER: A

Question 178

The purpose of the ______phase is to translate planning decisions, programming guidance, and congressional guidance into a detailed allocation of resource requirements.FMR 7000.14

A. Procurement
B. Budgeting
C  Planning
D. Programming

Answer 178

CORRECT ANSWER: D

Question 179

In addition to the budget year, the program period includes the ___ years beyond the budget
year for cost and manpower, and ___years beyond the budget year for forces. FMR 7000.14

A.  3,  6
B. 5,11
C. 4, 7
D. 2, 4

Answer 179

CORRECT ANSWER: C

Question 180

True or False? The issuing of the Program Objective Memorandum (POM) completes the programming phase. FMR 7000.14

A.  True	B. False

Answer 180

CORRECT ANSWER: B

Question 181

A list prepared by the CINCs that list of high-priority needs is called ________. FMR 7000.14

A.  Program Priority Lists 
B.  Program Objective Memorandum
C.  Integrated Priority Lists 
D.  Program Decision Lists

Answer 181

CORRECT ANSWER: C

Question 182

The RD&A process focuses on a ____-year planning horizon ,____ budget and POM years plus a ____-year extended planning period.. FMR 7000.14

A.  10, 7,3
B. 15, 6, 9
C. 11, 7, 4
D. 9, 3, 6

Answer 182

CORRECT ANSWER: B

Question 183

The ______valuates the balance and capabilities of the composite force and support
levels to attain national security objectives recommended by the Services’ POMs and helps the SECDEF make program decisions. FMR 7000.14

A.  Chairman's Progress Assessment (CPA) 
B. Committee Program Assessment (CPA) 
C. Chairman's Program Evaluation (CPE) 
D. Chairman's Program Assessment (CPA)

Answer 183

CORRECT ANSWER: D

Question 184

_________spending will provide benefits to people and families with incomes below certain
minimum levels that vary from program to program. US Budget FY 2001

A.  National Defense Discretionary. 
B.  Other Means
C.  Non-Defense Discretionary. 
D.  Other Mandatory

Answer 184

CORRECT ANSWER: B

Question 185

Each DoD component submits a budget estimate to the SECDEF in\_\_\_\_\_\_\_\_ of each Year.						FMR 7000.14
	A.  January
	B.  December
	C.  September
	D.  October

Answer 185

CORRECT ANSWER: C

Question 186

The mission of the _____ is to work collaboratively to develop, review and recommend policies and procedures for the Defense Working Capital Fund. FMR 7000.14 Vol 11b

A. Defense Working Capital Fund Corporate Board
B. Joint Working Capital Fund Collaboration Board
C. Defense Resource Board
D. Defense Finance Accounting Service

Answer 186

CORRECT ANSWER: A

Question 187

True or False? The final output of PPBS is the submission of the DoD budget to the Pres. for approval and to Congress for authorization and appropriation. FMR 7000.14

A.  True	B. False

Answer 187

CORRECT ANSWER: A

Question 188

True or False? Revenues generated from taxes are the smallest amount of money the Federal government receives to pay its bills. US Budget FY 2001

A.  True		B. False

Answer 188

CORRECT ANSWER: B

Question 189

The Federal Revenue Sources and their corresponding percentages are: US Budget FY 2001
A. Individual Income Tax 48%, Social Insurance Tax 34% Corporate Income Tax 10%, Excise Tax 4%, Other 4%
B. Individual Income Tax 38% , Social Insurance Tax 39% Corporate Income Tax 15%,
Excise Tax 4%, Other 4%
C. Individual Income Tax 34% , Social Insurance Tax 48%Corporate Income Tax 10%,
Excise Tax 4%, Other 4%
D. Individual Income Tax 68% , Social Insurance Payroll Tax 14%

Answer 189

CORRECT ANSWER: A

Question 190

Some of the Federal Spending % and the associated programs are: US Budget FY 2001

A. Social Security 33%,Non-Defense Discretionary 29%,National Defense Discretionary16%
B. Social Security 26%,Non-Defense Discretionary 19%,National Defense Discretionary16%
C.Social Security 13%, Non-Defense Discretionary 24%,National Defense Discretionary16%
D. Social Security 23% ,Non-Defense Discretionary 19%,National Defense Discretionary16%

Answer 190

CORRECT ANSWER: D

Question 191

This category of spending, comprising 19 percent of the total, includes education, training, science, technology, housing, transportation, and foreign aid. US Budget FY 2001

A.  National Defense Discretionary
B.  Net Interest
C.  Non-Defense Discretionary

Answer 191

CORRECT ANSWER: C

Question 192

This category of spending represents an estimated 16 percent of Federal spending. US Budget FY 2001
A. National Defense Discretionary Spending.
B. Other Means
C. Non-Defense Discretionary Spending.
D. Medicaid

Answer 192

CORRECT ANSWER: A

Question 193

____spending will provide health care coverage for elderly Americans and people with disabilities. US Budget FY 2001

A.  National Defense Discretionary. 
B.  Other Means
C.  Non-Defense Discretionary 
D.  Medicaid

Answer 193

CORRECT ANSWER: D

Question 194

The planning process begins_____ in advance of the fiscal year in which the budget authority will be requested. FMR 7000.14

A.about a year and a half 
B.about 2 years  
C.about 3 years and a half 
D.about a 2 and a half years

Answer 194

CORRECT ANSWER: A

Question 195

The purpose of the ______phase is to translate planning decisions, programming guidance, and congressional guidance into a detailed allocation of resource requirements.FMR 7000.14

A. Procurement
B. Budgeting
C  Planning
D. Programming

Answer 195

CORRECT ANSWER: D

Question 196

In addition to the budget year, the program period includes the ___ years beyond the budget
year for cost and manpower, and ___years beyond the budget year for forces. FMR 7000.14

A.  3,  6
B. 5,11
C. 4, 7
D. 2, 4

Answer 196

CORRECT ANSWER: C

Question 197

True or False? The issuing of the Program Objective Memorandum (POM) completes the programming phase. FMR 7000.14

A.  True	B. False

Answer 197

CORRECT ANSWER: B

Question 198

A list prepared by the CINCs that list of high-priority needs is called ________. FMR 7000.14

A.  Program Priority Lists 
B.  Program Objective Memorandum
C.  Integrated Priority Lists 
D.  Program Decision Lists

Answer 198

CORRECT ANSWER: C

Question 199

The RD&A process focuses on a ____-year planning horizon ,____ budget and POM years plus a ____-year extended planning period.. FMR 7000.14

A.  10, 7,3
B. 15, 6, 9
C. 11, 7, 4
D. 9, 3, 6

Answer 199

CORRECT ANSWER: B

Question 200

The ______valuates the balance and capabilities of the composite force and support
levels to attain national security objectives recommended by the Services’ POMs and helps the SECDEF make program decisions. FMR 7000.14

A.  Chairman's Progress Assessment (CPA) 
B. Committee Program Assessment (CPA) 
C. Chairman's Program Evaluation (CPE) 
D. Chairman's Program Assessment (CPA)

Answer 200

CORRECT ANSWER: D

Question 201

_________spending will provide benefits to people and families with incomes below certain
minimum levels that vary from program to program. US Budget FY 2001

A.  National Defense Discretionary. 
B.  Other Means
C.  Non-Defense Discretionary. 
D.  Other Mandatory

Answer 201

CORRECT ANSWER: B

Question 202

Each DoD component submits a budget estimate to the SECDEF in\_\_\_\_\_\_\_\_ of each Year.						FMR 7000.14
	A.  January
	B.  December
	C.  September
	D.  October

Answer 202

CORRECT ANSWER: C

Question 203

The mission of the _____ is to work collaboratively to develop, review and recommend policies and procedures for the Defense Working Capital Fund. FMR 7000.14 Vol 11b

A. Defense Working Capital Fund Corporate Board
B. Joint Working Capital Fund Collaboration Board
C. Defense Resource Board
D. Defense Finance Accounting Service

Answer 203

CORRECT ANSWER: A

Question 204

True or False? The final output of PPBS is the submission of the DoD budget to the Pres. for approval and to Congress for authorization and appropriation. FMR 7000.14

A.  True	B. False

Answer 204

CORRECT ANSWER: A

Question 205

True or False? Revenues generated from taxes are the smallest amount of money the Federal government receives to pay its bills. US Budget FY 2001

A.  True		B. False

Answer 205

CORRECT ANSWER: B

Question 206

The Federal Revenue Sources and their corresponding percentages are: US Budget FY 2001
A. Individual Income Tax 48%, Social Insurance Tax 34% Corporate Income Tax 10%, Excise Tax 4%, Other 4%
B. Individual Income Tax 38% , Social Insurance Tax 39% Corporate Income Tax 15%,
Excise Tax 4%, Other 4%
C. Individual Income Tax 34% , Social Insurance Tax 48%Corporate Income Tax 10%,
Excise Tax 4%, Other 4%
D. Individual Income Tax 68% , Social Insurance Payroll Tax 14%

Answer 206

CORRECT ANSWER: A

Question 207

Some of the Federal Spending % and the associated programs are: US Budget FY 2001

A. Social Security 33%,Non-Defense Discretionary 29%,National Defense Discretionary16%
B. Social Security 26%,Non-Defense Discretionary 19%,National Defense Discretionary16%
C.Social Security 13%, Non-Defense Discretionary 24%,National Defense Discretionary16%
D. Social Security 23% ,Non-Defense Discretionary 19%,National Defense Discretionary16%

Answer 207

CORRECT ANSWER: D

Question 208

This category of spending, comprising 19 percent of the total, includes education, training, science, technology, housing, transportation, and foreign aid. US Budget FY 2001

A.  National Defense Discretionary
B.  Net Interest
C.  Non-Defense Discretionary

Answer 208

CORRECT ANSWER: C

Question 209

This category of spending represents an estimated 16 percent of Federal spending. US Budget FY 2001
A. National Defense Discretionary Spending.
B. Other Means
C. Non-Defense Discretionary Spending.
D. Medicaid

Answer 209

CORRECT ANSWER: A

Question 210

____spending will provide health care coverage for elderly Americans and people with disabilities. US Budget FY 2001

A.  National Defense Discretionary. 
B.  Other Means
C.  Non-Defense Discretionary 
D.  Medicaid

Answer 210

CORRECT ANSWER: D

Question 211

The final phase of the PPBS process, is ____________________. FMR 7000.14

A.  Planning Estimates
B.  Concurrent House and Senate Meetings
C.  Budget Development D.  Procurement of equipment

Answer 211

CORRECT ANSWER: C

Question 212

_____ means the cancellation of budgetary resources provided by discretionary appropriations or mandatory spending legislation, following various procedures prescribed by the Budget Act. US Budget FY 2001

A.   Scorekeeping

b. Trust Fund
c. User Fee
d. Sequestration

Answer 212

CORRECT ANSWER: D

Question 213

____________ is a lump sum included in the budget to represent certain transactions that are expected to increase or decrease budget authority, outlays, or receipts but that are not, for various reasons, reflected in the program details. US Budget FY 2001

A.   Budget Authority
b.   Base Line
c.  Allowance
d   Budgetary Resources

Answer 213

CORRECT ANSWER: C

Question 214

\_\_\_ are totals included in the budget for budget authority, outlays and receipts. Some 				presentations in the budget distinguish on budget totals and off budget totals. Budget totals 				reflect the transactions of the Fed. Gov. excepts  those excluded by law. Off Budget totals 				reflect the transactions of  Gov. entities excluded from the budget by law. 								US Budget FY 2001
	A.   Budget Authority
	b.   Base Line
	c.  Allowance
	d   Budgetary Resources

Answer 214

CORRECT ANSWER: A

Question 215

_____ means an estimate of the receipts, outlays, and deficits or surplus that would result from continuing current law through the period covered by the budget. . US Budget FY 2001

A.   Budget Authority
b.   Base Line
c.  Allowance
d   Budgetary Resources

Answer 215

CORRECT ANSWER: B

Question 216

_____ means a non budgetary account that records all of the cash flows resulting from post 1991 direct loan obligations or loan guarantee commitments. US Budget FY 2001

A.   Financing Account

b. Direct Cash Flow Account
c. Liquidating Account
d. Working Capital Account

Answer 216

CORRECT ANSWER: A

Question 217

\_\_\_\_\_ means measuring the budget effects of legislation, generally in terms of budget authority, receipts, and outlays for purposes of the Budget Enforcement Act. 					US Budget FY 2001
	A.   Scorekeeping
	b.   Trust Fund
	c.   User Fee
	d.   Sequestration

Answer 217

CORRECT ANSWER: A

Question 218

____ means a type of account, designated by law for receipts earmarked for specific purposes and the expenditure of these receipts. US Budget FY 2001

A.   Proprietary

b. Trust Fund
c. Sequestered
d. None of the Above

Answer 218

CORRECT ANSWER: B

Question 219

\_\_\_ means  a charge or assessment levied on a class directly benefiting from, or subject to				regulation by, a. program or activity, to be utilized solely to support the program or activity. 								US Budget FY 2001
	A.   Community Fee
	b.   Coupon Fee
	c.   User Fee
	d.   None of the Above

Answer 219

CORRECT ANSWER: C

Question 220

___ means a budget account that records all of the cash flows to and from the Gov. resulting from pre 1992 direct loan obligations or loan guarantee commitments. US Budget FY 2001

A.   Financing Account

b. Direct Cash Flow Account  
c. Liquidating Account
d. Working Capital Account

Answer 220

CORRECT ANSWER: C

Question 221

True or false? The payback period for an item with an initial investment of $50,000.00 and expected annual cash flow increase of $2,500 would be 15 years.

A.  True		B.  False

Answer 221

CORRECT ANSWER: B

Question 222

The _____ is charged with the responsibility of developing and implementing Financial
Management Systems and overseeing financial management activities for the FMR 7000.14

A.  Sec of Defense
B. Chief Financial Officer of the DoD
C.  Sec. Of the Treasury
D.  Director of Defense Finance Accounting Service

Answer 222

CORRECT ANSWER: B

Question 223

Which of these is not a principle of the DoD Financial Management System Principles. FMR 7000.14
A. Materiality
B. Usefulness
C. Timeliness
D. All of the above are Financial Management principles

Answer 223

CORRECT ANSWER: D

Question 224

The authorized users of the Defense Working Capital Fund are______. FMR 7000.14 vol 11b

A. Any DoD command, organization, office, or other element. 
B. Non- DoD Federal Government agencies
C. any private party that wishes to use the service
D. A and B

Answer 224

CORRECT ANSWER: D

Question 225

The responsibility of managing Defense Working Capital Funds activities within approved funding and a providing periodic financial and management information as required by theUnder SECDEF (Comptroller) and Chief Financial Officer falls with the _____ FMR 7000.14

A. Defense Working Capital Fund Corporate Board
B. Secretaries of the Military Departments and the Directors of Defense
C. Defense Resource Board
D. Defense Finance Accounting Service

Answer 225

CORRECT ANSWER: B

Question 226

The ___ is designed to provide a more effective means of controlling the costs of goods and services and to provide a more effective and flexible means for financing, budgeting, and accounting for the costs thereof. FMR 7000.14 vol 11b

A. Defense Working Capital Fund 
B. Morale Welfare and Recreation Fund
C. Trust Fund

Answer 226

CORRECT ANSWER: A

Question 227

Which of the following is NOT an objective of the Defense Working Capital Fund? FMR 7000.14 vol 11b
A. Outsource the purchasing function
B. Furnish managers with modern management tools comparable to those utilized by efficient private enterprises engaged in similar types of activities.
C. Improve Cost estimating and cost control through comparison of estimates and actual costs.
D. Encourage producers of goods and services to coordinate labor forces and inventories with workload, budgeting and cost controls

Answer 227

CORRECT ANSWER: A

Question 228

The US Government prepares a Statement of Financial Position which includes ____,______ and __________. FMR 7000.14 vol 11b

A.  Assets, liabilities, and the DCWF
B. Assets, liabilities and Investments
C. Assets, liabilities and net position
D. Assets, liabilities, Net Income

Answer 228

CORRECT ANSWER: C

Question 229

The _____ discloses the Defense Working Capital Funds cash receipts, disbursements
with an explanation of the changes in cash or cash equivalents for the period. FMR 7000.14

A.  Statement of Net Position
B. Statement of Net Worth
C. US Government Balance Sheet
D. Statement of Cash Flows

Answer 229

CORRECT ANSWER: D