CDFM MODULE 4 COMPREHENSIVE TEST
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS EXPERT VERIFIED GRADED A+
◉ What is the top level to acquire weapons systems? Answer:
Defense Acquisition Board (DAB)
◉ No cost agreements should be executed utilizing ________________?
Answer: MOAs and MOUs
◉ Are Economy Orders severable or non severable? Answer:
Severable
◉ Are Project Orders severable or non severable? Answer: Non
Severable
◉ Examples of Revolving Funds & Working Capital Funds are?
Answer: (1) DECA
(2) DLA and
(3) DFAS
◉ List 3 Defense related appropriations. Answer: (1) RDT&E
,(2) MILCON and
(3) Energy and Water
◉ Working Capital Funds billing rates are established during the
_______________? Answer: Budget Process
◉ Economic analysis are performed on all programs over $
____________? Answer: $1 Million
◉ Economic Order Quanity falls under the advance procurement
exception to ______________? Answer: Full Spending
◉ Advance Procurement is an exception to what policy? Answer:
Full Spending Policy
◉ In FY14 the __________POM is approved, the _________POM is
working. Answer: FY15-19/FY1620
◉ Which Act consolidated the 3 service departments under the
Secretary's direct control and made the SECDEF the only military
Representative on the President's cabinet? Answer: National
Security Act
,◉ Who is the principal advisor to the SECDEF for budget/fiscal
matters such as a resource allocation, financial management &
accounting , and budget formulation & execution. Answer: Under
Secretary of Defense (Comptroller/CFO)
◉ The SECDEF is the principle defense policy advisor to? Answer:
The President
◉ Which Act created the Navy Dept and Air Force, established the
National Security Council, the CIA, a civilian SECDEF, OSD and the
Joint Chiefs of Staff and changed the War Dept to Department of
Defense? Answer: National Security Act
◉ Approximate DoD Funding Level? Answer: $500 Billion
◉ What is a list of high priority need, prioritized across service and
functional lines and considers fiscal constraints, and prepared by
each combatant commanders? Answer: Integrated Priority List (IPL)
◉ Refunds must be recorded and credited into __________? Answer:
the same appropriation the original payment was made from.
◉ When a contractor defaults on a contract, can the unobligated
funds be cited on a replacement contract? Answer: Yes with 3
conditions;
, (1) The new contract must be done without delay
(2) It must be awarded on the same basis, and
(3) It must be similar in its scope and size of the original contract.
◉ In what circumstance could you have a Contingent Liability
accrued? Answer: Fixed price contract called for steel, new
requirements is titanium, therefore there is a price difference that
will require a commitment on the books.
◉ Reimbursable work orders must credit reimbursement to
___________? Answer: The same appropriation work performed was
charged to.
◉ Working Capital Funds - when setting prices, military personnel
are charged as if they were ___________? Answer: Civilian
◉ What regulation/instruction requires every acquisition program
to establish an Acquisition Program Baseline (APB) to document
cost, schedule, and performance objectives, as well as thresholds?
Answer: DoDI 5000.02
◉ Revolving Funds & Working Capital Funds are _________
appropriations, and the goal is to __________? Answer: No Year, Break
Even
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS EXPERT VERIFIED GRADED A+
◉ What is the top level to acquire weapons systems? Answer:
Defense Acquisition Board (DAB)
◉ No cost agreements should be executed utilizing ________________?
Answer: MOAs and MOUs
◉ Are Economy Orders severable or non severable? Answer:
Severable
◉ Are Project Orders severable or non severable? Answer: Non
Severable
◉ Examples of Revolving Funds & Working Capital Funds are?
Answer: (1) DECA
(2) DLA and
(3) DFAS
◉ List 3 Defense related appropriations. Answer: (1) RDT&E
,(2) MILCON and
(3) Energy and Water
◉ Working Capital Funds billing rates are established during the
_______________? Answer: Budget Process
◉ Economic analysis are performed on all programs over $
____________? Answer: $1 Million
◉ Economic Order Quanity falls under the advance procurement
exception to ______________? Answer: Full Spending
◉ Advance Procurement is an exception to what policy? Answer:
Full Spending Policy
◉ In FY14 the __________POM is approved, the _________POM is
working. Answer: FY15-19/FY1620
◉ Which Act consolidated the 3 service departments under the
Secretary's direct control and made the SECDEF the only military
Representative on the President's cabinet? Answer: National
Security Act
,◉ Who is the principal advisor to the SECDEF for budget/fiscal
matters such as a resource allocation, financial management &
accounting , and budget formulation & execution. Answer: Under
Secretary of Defense (Comptroller/CFO)
◉ The SECDEF is the principle defense policy advisor to? Answer:
The President
◉ Which Act created the Navy Dept and Air Force, established the
National Security Council, the CIA, a civilian SECDEF, OSD and the
Joint Chiefs of Staff and changed the War Dept to Department of
Defense? Answer: National Security Act
◉ Approximate DoD Funding Level? Answer: $500 Billion
◉ What is a list of high priority need, prioritized across service and
functional lines and considers fiscal constraints, and prepared by
each combatant commanders? Answer: Integrated Priority List (IPL)
◉ Refunds must be recorded and credited into __________? Answer:
the same appropriation the original payment was made from.
◉ When a contractor defaults on a contract, can the unobligated
funds be cited on a replacement contract? Answer: Yes with 3
conditions;
, (1) The new contract must be done without delay
(2) It must be awarded on the same basis, and
(3) It must be similar in its scope and size of the original contract.
◉ In what circumstance could you have a Contingent Liability
accrued? Answer: Fixed price contract called for steel, new
requirements is titanium, therefore there is a price difference that
will require a commitment on the books.
◉ Reimbursable work orders must credit reimbursement to
___________? Answer: The same appropriation work performed was
charged to.
◉ Working Capital Funds - when setting prices, military personnel
are charged as if they were ___________? Answer: Civilian
◉ What regulation/instruction requires every acquisition program
to establish an Acquisition Program Baseline (APB) to document
cost, schedule, and performance objectives, as well as thresholds?
Answer: DoDI 5000.02
◉ Revolving Funds & Working Capital Funds are _________
appropriations, and the goal is to __________? Answer: No Year, Break
Even
