Mod 1 Knowledge Check Flashcards
What was the predecessor to the constitution?
Articles of Confederation
How many branches of 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 one
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 review the DOD budget request?
Annually
Approximately what percent of total federal spending is discretionary spending?
34%
Which branch of government implements laws?
Executive
Which branch of government is authorized to raise taxes and borrow money?
Legislative
What is the name of the committees that attempt to resolve difference 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?
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?
OMB
Which branch of government conducts hearings on the effectiveness of government programs?
Legislative
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
What are requests 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?
Recission
After the DOD appropriations bill is signed into law what does DOD request from OMB?
Apportionment
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 one of the US Constitution empowers which branch of the federal government to collect taxes?
Legislative branch
