FOB105 FM BODY OF KNOWLEDGE
(FMBOK) EXAM QUESTIONS AND
ANSWERS. VERIFIED 2026.
Comptroller Squadron - ANS In a typical wing structure, who is responsible for the use of
wing financial services for military and civilian personnel?
Operations Group - ANS The ____________ operates the wing's primary mission weapons
system.
Regulates the daily consumption of resources - ANS Which is a function of a Cost Center
Manager (CCM)?
Manages the budget, cost, and accounting functions for the base - ANS Which is a function of
the Financial Management Analysis (FMA) Officer?
FMB (Financial Management Board) - ANS The ______________ includes top-level managers,
with membership tailored to the type of organization structure involved to determine priorities
and ensure effective allocation of resources
Financial Management Analysis Officer - ANS The _____________ is the Chairperson of the
Financial Working Group (FWG).
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
, Group Commanders - ANS In a typical wing organization, Responsibility Center Managers
(RCMs) are usually _____________.
Resource Management System - ANS The ______________ provides a way to establish
priorities, choose policies, and act to get the desired results and required resources at an
acceptable cost.
Squadron - ANS Cost Center Managers (CCMs) are usually at the _____________ level.
Base/unit level operations activities - ANS The Financial Working Group (FWG) manages
commodities and resources integral to:
Legislative Authority - ANS "The established rule that is expenditure of public funds is proper
only when authorized by Congress," describes:
Congress - ANS _____________ has the ability to appropriate funds to be spent by the
federal government.
Purpose, Time, and Amount - ANS The three main elements that must be reviewed and we
must ensure are properly examined before funds are obligated are:
Necessary Expense Rule - ANS To apply reasonable discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the _______________ which
consists of a three-part test.
True - ANS The bona fida needs rule, as it pertains to supplies, states that generally. agencies
must obligate funds from the fiscal year in which the supplies is if you are maintaining a stock of
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
(FMBOK) EXAM QUESTIONS AND
ANSWERS. VERIFIED 2026.
Comptroller Squadron - ANS In a typical wing structure, who is responsible for the use of
wing financial services for military and civilian personnel?
Operations Group - ANS The ____________ operates the wing's primary mission weapons
system.
Regulates the daily consumption of resources - ANS Which is a function of a Cost Center
Manager (CCM)?
Manages the budget, cost, and accounting functions for the base - ANS Which is a function of
the Financial Management Analysis (FMA) Officer?
FMB (Financial Management Board) - ANS The ______________ includes top-level managers,
with membership tailored to the type of organization structure involved to determine priorities
and ensure effective allocation of resources
Financial Management Analysis Officer - ANS The _____________ is the Chairperson of the
Financial Working Group (FWG).
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
, Group Commanders - ANS In a typical wing organization, Responsibility Center Managers
(RCMs) are usually _____________.
Resource Management System - ANS The ______________ provides a way to establish
priorities, choose policies, and act to get the desired results and required resources at an
acceptable cost.
Squadron - ANS Cost Center Managers (CCMs) are usually at the _____________ level.
Base/unit level operations activities - ANS The Financial Working Group (FWG) manages
commodities and resources integral to:
Legislative Authority - ANS "The established rule that is expenditure of public funds is proper
only when authorized by Congress," describes:
Congress - ANS _____________ has the ability to appropriate funds to be spent by the
federal government.
Purpose, Time, and Amount - ANS The three main elements that must be reviewed and we
must ensure are properly examined before funds are obligated are:
Necessary Expense Rule - ANS To apply reasonable discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the _______________ which
consists of a three-part test.
True - ANS The bona fida needs rule, as it pertains to supplies, states that generally. agencies
must obligate funds from the fiscal year in which the supplies is if you are maintaining a stock of
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
