CDFM - Module 1 - Knowledge Check
2024
How many branches of Government did the Constitution establish? -ANS-Three
What was the predecessor to the Constitution? -ANS-The Articles of the Confederation
Where all federal-level laws enacted? -ANS-Congress
In which article of the Constitution is the power to raise taxes found? -ANS-Article 1
What occurs when Congress is not in session and the President does not sign a properly
- presented, enrolled bill within 10 days -ANS-pocket veto
How frequently does congress review the dod budget request? -ANS-Annually
Approximately what percent of total federal spending is discretionary spending? -ANS-
30%
Which branch of Government implements laws -ANS-Executive branch
Which branch of Government is authorized to raise taxes and borrow money? -ANS-
Legislative Branch (Congress)
Which committee attempts to resolve differences between House and Senate versions
of a bill? -ANS-Conference Committee, sometimes referred to as "the Third Chamber"
, Which agency issues directions for use by other agencies in submitting their budget
estimates -ANS-Office of Management and Budget (OMB)
What type of legislation provides an agency with a budget authority? -ANS-
Appropriation Acts provides budget authority
What term is used to describe a subdivision of an apportionment? -ANS-Allotment
What agency issues apportionments? -ANS-Office of Management and Budget (OMB)
Which branch of Government conducts hearings on the effectiveness of Government
programs? -ANS-Legislative Branch (Congress)
In federal budget process, which organizations actually prepare budget estimates? -ANS-
Federal Agencies
What is the largest single source of Federal Government tax revenues? -ANS-Individual
Income Taxes (50% in 2018)
What are request for funds in addition to amounts already appropriated called? -ANS-
Supplemental
What financial control document is issued by the Treasury Department following
signature of the Appropriation Act? -ANS-Appropriation Warrant
What term describes a postponement in the use of appropriated funds? -ANS-Deferral
What term describes a cancellation of appropriated funds -ANS-Rescission
2024
How many branches of Government did the Constitution establish? -ANS-Three
What was the predecessor to the Constitution? -ANS-The Articles of the Confederation
Where all federal-level laws enacted? -ANS-Congress
In which article of the Constitution is the power to raise taxes found? -ANS-Article 1
What occurs when Congress is not in session and the President does not sign a properly
- presented, enrolled bill within 10 days -ANS-pocket veto
How frequently does congress review the dod budget request? -ANS-Annually
Approximately what percent of total federal spending is discretionary spending? -ANS-
30%
Which branch of Government implements laws -ANS-Executive branch
Which branch of Government is authorized to raise taxes and borrow money? -ANS-
Legislative Branch (Congress)
Which committee attempts to resolve differences between House and Senate versions
of a bill? -ANS-Conference Committee, sometimes referred to as "the Third Chamber"
, Which agency issues directions for use by other agencies in submitting their budget
estimates -ANS-Office of Management and Budget (OMB)
What type of legislation provides an agency with a budget authority? -ANS-
Appropriation Acts provides budget authority
What term is used to describe a subdivision of an apportionment? -ANS-Allotment
What agency issues apportionments? -ANS-Office of Management and Budget (OMB)
Which branch of Government conducts hearings on the effectiveness of Government
programs? -ANS-Legislative Branch (Congress)
In federal budget process, which organizations actually prepare budget estimates? -ANS-
Federal Agencies
What is the largest single source of Federal Government tax revenues? -ANS-Individual
Income Taxes (50% in 2018)
What are request for funds in addition to amounts already appropriated called? -ANS-
Supplemental
What financial control document is issued by the Treasury Department following
signature of the Appropriation Act? -ANS-Appropriation Warrant
What term describes a postponement in the use of appropriated funds? -ANS-Deferral
What term describes a cancellation of appropriated funds -ANS-Rescission
