Government Resource Management Environment Flashcards
What was the predecessor to the Constitution?
The Articles of Confederation
How many branches of the government did the Constitution establish?
3
Where are all federal level laws enacted?
Congress
In which article of the Constitution is the power to raise taxes found?
Article 1
What occurs when Congress is not in session and the president does not sign a properly presented enrolled bill within 10 days?
Pocket Veto
How frequently does Congress view the DOD budget request?
Annually
Approximately what percent of the total federal spending is discretionary spending?
34%
What branch of the government implements laws?
The Executive Branch
Which branch of the government is authorized to raise taxes and borrow money?
The Legislative Branch (Congress)
What is the name of the committees that attempt to resolve differences between House and Senate versions of a bill?
Conference Committee; Third Chamber
Which agency issues directions for use by other agencies in submitting their budget estimates?
Office of Management and Budget (OMB)
What type of legislation provides an agency with budget authority?
Appropriation Acts provide budget authority
What term is used to describe a subdivision of an apportionment?
Allotment
What agency issues apportionments?
Office of Management and Budget (OMB)
Which branch of government conducts hearings on the effectiveness of government programs?
Legislative Branch (Congress)
In the federal budget process, which organizations actually prepare budget estimates?
Federal Agencies
What is the largest single source of federal government tax revenues?
Individual Income taxes (43% in FY12)
What are the class for funds in addition to amounts already appropriated called?
Supplemental
What financial control document is issued by the treasury department following signature of the appropriations act?
Appropriation Warrant
What term describes a postponement in the use of appropriated funds?
Deferral
What term describes a cancellation of appropriated funds?
Rescission
An administrative reservation of funds is known as what?
Commitment
What gives a federal agency the legal authority to operate a program?
Authorization Legislation
Article 1, section 8, clause 1, of the US Constitution empowers which element of the federal government to collect taxes?
The Legislative Branch
