Fiscal Law Final Exam answered- spring 2022.
QU E STI O N 1
1. It is appropriate for the Army to acquire lawn cutting services through
the Project Order Statute.
True
False
4 points
QU E STI O N 2
1. The proper amount of money to obligate at the award of a firm fixed-
price contract is:
The full amount of the contract.
Nothing until the contractor performs the required work.
Half of the total liability.
A conservative amount based on the government’s estimated
future requirements.
4 points
QU E STI O N 3
1. How long does the Department of Defense Financial Management
Regulation give an individual discovering a possible Antideficiency Act
violation to report it to his/her chain of command and the Financial
Management Comptroller?
5 working
days.
2 weeks.
90 calendar
days.
45 days.
4 points
QU E STI O N 4
1. On 1 September 2011 the command at New Sands Missile Range
purchases an x-ray machine for the installation hospital, which arrives and is
accepted on 15 September 2011. The x-ray machine is not needed until
August of 2012, when an increased number of Soldiers arrive due to BRAC.
Assuming there is no applicable delivery or production lead time exception
(as this is a commercial item and readily available off the shelf), has an ADA
violation been committed and is it correctable?
No ADA violation has been committed.
As the bona fide need is in 2012, an ADA violation has been committed
but it is correctable.
As the bona fide need is in 2012, an ADA violation has been committed,
This study source was downloaded by 100000829015476 from CourseHero.com on 03-03-2022 20:15:29 GMT -06:00
https://www.coursehero.com/file/44882224/Fiscal-Law-Final-Examdocx/
, and is not correctable since proper funds, FY 2012 O&M (or procurement,
This study source was downloaded by 100000829015476 from CourseHero.com on 03-03-2022 20:15:29 GMT -06:00
https://www.coursehero.com/file/44882224/Fiscal-Law-Final-Examdocx/
QU E STI O N 1
1. It is appropriate for the Army to acquire lawn cutting services through
the Project Order Statute.
True
False
4 points
QU E STI O N 2
1. The proper amount of money to obligate at the award of a firm fixed-
price contract is:
The full amount of the contract.
Nothing until the contractor performs the required work.
Half of the total liability.
A conservative amount based on the government’s estimated
future requirements.
4 points
QU E STI O N 3
1. How long does the Department of Defense Financial Management
Regulation give an individual discovering a possible Antideficiency Act
violation to report it to his/her chain of command and the Financial
Management Comptroller?
5 working
days.
2 weeks.
90 calendar
days.
45 days.
4 points
QU E STI O N 4
1. On 1 September 2011 the command at New Sands Missile Range
purchases an x-ray machine for the installation hospital, which arrives and is
accepted on 15 September 2011. The x-ray machine is not needed until
August of 2012, when an increased number of Soldiers arrive due to BRAC.
Assuming there is no applicable delivery or production lead time exception
(as this is a commercial item and readily available off the shelf), has an ADA
violation been committed and is it correctable?
No ADA violation has been committed.
As the bona fide need is in 2012, an ADA violation has been committed
but it is correctable.
As the bona fide need is in 2012, an ADA violation has been committed,
This study source was downloaded by 100000829015476 from CourseHero.com on 03-03-2022 20:15:29 GMT -06:00
https://www.coursehero.com/file/44882224/Fiscal-Law-Final-Examdocx/
, and is not correctable since proper funds, FY 2012 O&M (or procurement,
This study source was downloaded by 100000829015476 from CourseHero.com on 03-03-2022 20:15:29 GMT -06:00
https://www.coursehero.com/file/44882224/Fiscal-Law-Final-Examdocx/
