CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM)
ACTUAL EXAM TEST BANK
What was the predecessor to the Constitution? - ANSWER: Articles of Confederation
Where are Federal-Level laws enacted? - ANSWER: Congress
What Article, Section and Clause empowers Congress to collect taxes - ANSWER:
Article 1, Section 8, Clause 1
What occurs when the President does not sign an enrolled bull within 10 days? -
ANSWER: Pocket Veto
Which branch of government implements laws? - ANSWER: Executive
Approximately what percent of federal spending is discretionary? - ANSWER: 30%
How frequently does congress review the DoD budget request? - ANSWER: Annually
Who attempts to resolve differences between the House and Senate versions of a
bill? - ANSWER: Conference Committee
Which agency issues direction for submitting budget estimates? - ANSWER: OMB
What type of legislation provides an agency with budget authority? - ANSWER:
Appropriation Acts
What term is used to describe a subdivision of an apportionment? - ANSWER:
Allotment
What agency issues apportionments? - ANSWER: OMB
Which branch of government conducts hearings on the effectiveness of government
programs? - ANSWER: Legislative
In the federal budget process, who is responsible for submitting budget estimates? -
ANSWER: Agencies
What is the largest source of federal government tax revenue? - ANSWER: Individual
Income Taxes
What are requests for funds in addition to amounts already appropriated? -
ANSWER: Supplemental
,What financial control document is issued by the Treasury Department following
signature of the Appropriations Act? - ANSWER: Appropriations Warrant
What term describes a postponement in the use of appropriated funds? - ANSWER:
Deferral
What term describes a cancellation of appropriated funds? - ANSWER: Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request from
OMB? - ANSWER: Apportionment
A legal reservation of funds in known as what? - ANSWER: Obligation
What term is used to identify a certification provided to a KO from the comptroller
authorizing Purpose, Time and Amount? - ANSWER: Fiduciary Certification
A fiduciary certification is the basis for what? - ANSWER: Commitment
Define Budget Authority - ANSWER: Amount of money available to an organization
for obligation
Define Outlays - ANSWER: Funds that have actually been moved from the Federal
Treasury
Monitoring requirements in budget execution involves: - ANSWER: 1. Administrative
control of funds
2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the integrity of
programs? - ANSWER: Government Accountability Office (GAO)
The Government Performance and Results Act requires budget formulation be based
on what? - ANSWER: Performance planning/reporting
The 1921 Budget and Accounting Act was was responsible for the creation of what? -
ANSWER: OMB, GAO and the Comptroller General
What Act requires the President to submit an annual budget proposal to Congress? -
ANSWER: 1921 Budget and Accountability Act
What act established sequestration? - ANSWER: 1985 Balanced Budget and
Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements - ANSWER: 1990
Budget Enforcement Act
,What are the 1985 and 1987 Balanced Budget Acts ofter referred to as? - ANSWER:
Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER: Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
An administrative reservation of funds is known as what? - ANSWER: Commitment
What establishes the DoD policy and procedures of administrative controls? -
ANSWER: DoD FMR 7000.14R, Volume 14, Chapter 1
What gives a Federal Agency the legal authority to operate a program? - ANSWER:
Authorization
Date for the:
Articles of Confederation
Ratification of the Constitution
Implementation of the Constitution - ANSWER: March 1, 1781
June 1788
March 4, 1789
What Amendment provided the Bill of Rights - ANSWER: 10th
What did the 17th Amendment allow? - ANSWER: Senators to be elected by the
people of the state instead of appointed by the legislature of the state.
When was the practice of "Line Item Vetoing" found unconstitutional by the
supreme court? - ANSWER: 1998
Where does the Supreme Court not have jurisdiction? - ANSWER: Matters involving
ONLY violation of state law
Congress has been meeting ______ times per year since ________. - ANSWER: Once,
1789
What article and section assigned responsibility for making laws to conress? -
ANSWER: Article 1, Section 1
What is a Bill? - ANSWER: Legislative proposal of a general nature that can address
either a private or public nature
How would bill 100 be numbered in the Senate/House? - ANSWER: House H.R. 100
Senate: S. 100
Are proposed Amendments presented to the President? - ANSWER: No
, Who must ratify amendments to the consitution? - ANSWER: The States (Proposal
routed through Administrator of General Services)
How are Concurrent Resolutions designated? - ANSWER: House: H. Con. Res
Senate: S. Con. Res
Where must revenue generating bill begin? - ANSWER: House of Representatives
What are three primary ways that Legislation originates? - ANSWER: Recommended
by the President
Introduced by Members
Introduced by Committees
An executive branch department can submit a proposed bill with approval by
_______ on behalf of the president to ________. - ANSWER: OMB; Congressional
Committee or Subcommittee
Any member may introduce a bill at any time while in session by simply placing it in
the __________. - ANSWER: Hopper
After hearings, a bill is then considered in a session popularly know as the _________
session. - ANSWER: Mark Up
Once a bill has passed either the House or Senate, it is then known as what type of
bill? - ANSWER: An egrossed bill
Who selects conference committee members? - ANSWER: Ranking Minority and
Majority members of the committee
Conference Committees are also referred to as what? - ANSWER: The Third Chamber
After a measure/bill has been passed in identical form by both legislative bodies, it is
known as what? - ANSWER: An enrolled bill
How many votes are required for reconsideration of a bill to overrule a presidents
veto? - ANSWER: 2/3rds
What are the three steps of a Federal Budget Cycle? - ANSWER: Budget Formulation
Congressional Action
Budget Execution
When is the president required to submit the proposed budget to congress, and
what act established this? - ANSWER: First Monday in February; The 1974
Congressional Budget Act
The budget formulation process is governed by what? - ANSWER: OMB Circular A-11
ACTUAL EXAM TEST BANK
What was the predecessor to the Constitution? - ANSWER: Articles of Confederation
Where are Federal-Level laws enacted? - ANSWER: Congress
What Article, Section and Clause empowers Congress to collect taxes - ANSWER:
Article 1, Section 8, Clause 1
What occurs when the President does not sign an enrolled bull within 10 days? -
ANSWER: Pocket Veto
Which branch of government implements laws? - ANSWER: Executive
Approximately what percent of federal spending is discretionary? - ANSWER: 30%
How frequently does congress review the DoD budget request? - ANSWER: Annually
Who attempts to resolve differences between the House and Senate versions of a
bill? - ANSWER: Conference Committee
Which agency issues direction for submitting budget estimates? - ANSWER: OMB
What type of legislation provides an agency with budget authority? - ANSWER:
Appropriation Acts
What term is used to describe a subdivision of an apportionment? - ANSWER:
Allotment
What agency issues apportionments? - ANSWER: OMB
Which branch of government conducts hearings on the effectiveness of government
programs? - ANSWER: Legislative
In the federal budget process, who is responsible for submitting budget estimates? -
ANSWER: Agencies
What is the largest source of federal government tax revenue? - ANSWER: Individual
Income Taxes
What are requests for funds in addition to amounts already appropriated? -
ANSWER: Supplemental
,What financial control document is issued by the Treasury Department following
signature of the Appropriations Act? - ANSWER: Appropriations Warrant
What term describes a postponement in the use of appropriated funds? - ANSWER:
Deferral
What term describes a cancellation of appropriated funds? - ANSWER: Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request from
OMB? - ANSWER: Apportionment
A legal reservation of funds in known as what? - ANSWER: Obligation
What term is used to identify a certification provided to a KO from the comptroller
authorizing Purpose, Time and Amount? - ANSWER: Fiduciary Certification
A fiduciary certification is the basis for what? - ANSWER: Commitment
Define Budget Authority - ANSWER: Amount of money available to an organization
for obligation
Define Outlays - ANSWER: Funds that have actually been moved from the Federal
Treasury
Monitoring requirements in budget execution involves: - ANSWER: 1. Administrative
control of funds
2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the integrity of
programs? - ANSWER: Government Accountability Office (GAO)
The Government Performance and Results Act requires budget formulation be based
on what? - ANSWER: Performance planning/reporting
The 1921 Budget and Accounting Act was was responsible for the creation of what? -
ANSWER: OMB, GAO and the Comptroller General
What Act requires the President to submit an annual budget proposal to Congress? -
ANSWER: 1921 Budget and Accountability Act
What act established sequestration? - ANSWER: 1985 Balanced Budget and
Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements - ANSWER: 1990
Budget Enforcement Act
,What are the 1985 and 1987 Balanced Budget Acts ofter referred to as? - ANSWER:
Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER: Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
An administrative reservation of funds is known as what? - ANSWER: Commitment
What establishes the DoD policy and procedures of administrative controls? -
ANSWER: DoD FMR 7000.14R, Volume 14, Chapter 1
What gives a Federal Agency the legal authority to operate a program? - ANSWER:
Authorization
Date for the:
Articles of Confederation
Ratification of the Constitution
Implementation of the Constitution - ANSWER: March 1, 1781
June 1788
March 4, 1789
What Amendment provided the Bill of Rights - ANSWER: 10th
What did the 17th Amendment allow? - ANSWER: Senators to be elected by the
people of the state instead of appointed by the legislature of the state.
When was the practice of "Line Item Vetoing" found unconstitutional by the
supreme court? - ANSWER: 1998
Where does the Supreme Court not have jurisdiction? - ANSWER: Matters involving
ONLY violation of state law
Congress has been meeting ______ times per year since ________. - ANSWER: Once,
1789
What article and section assigned responsibility for making laws to conress? -
ANSWER: Article 1, Section 1
What is a Bill? - ANSWER: Legislative proposal of a general nature that can address
either a private or public nature
How would bill 100 be numbered in the Senate/House? - ANSWER: House H.R. 100
Senate: S. 100
Are proposed Amendments presented to the President? - ANSWER: No
, Who must ratify amendments to the consitution? - ANSWER: The States (Proposal
routed through Administrator of General Services)
How are Concurrent Resolutions designated? - ANSWER: House: H. Con. Res
Senate: S. Con. Res
Where must revenue generating bill begin? - ANSWER: House of Representatives
What are three primary ways that Legislation originates? - ANSWER: Recommended
by the President
Introduced by Members
Introduced by Committees
An executive branch department can submit a proposed bill with approval by
_______ on behalf of the president to ________. - ANSWER: OMB; Congressional
Committee or Subcommittee
Any member may introduce a bill at any time while in session by simply placing it in
the __________. - ANSWER: Hopper
After hearings, a bill is then considered in a session popularly know as the _________
session. - ANSWER: Mark Up
Once a bill has passed either the House or Senate, it is then known as what type of
bill? - ANSWER: An egrossed bill
Who selects conference committee members? - ANSWER: Ranking Minority and
Majority members of the committee
Conference Committees are also referred to as what? - ANSWER: The Third Chamber
After a measure/bill has been passed in identical form by both legislative bodies, it is
known as what? - ANSWER: An enrolled bill
How many votes are required for reconsideration of a bill to overrule a presidents
veto? - ANSWER: 2/3rds
What are the three steps of a Federal Budget Cycle? - ANSWER: Budget Formulation
Congressional Action
Budget Execution
When is the president required to submit the proposed budget to congress, and
what act established this? - ANSWER: First Monday in February; The 1974
Congressional Budget Act
The budget formulation process is governed by what? - ANSWER: OMB Circular A-11
