CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND
CORRECT ANSWERS(DETAILED ANSWERS)
*How many branches of Government did the Constitution establish? - ANSWER:
Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch
(Article III)
*What was the predecessor to the Constitution? - ANSWER: Articles of
Confederation
*Where are all Federal-level laws enacted? - ANSWER: Congress
*In which article of the Constitution is the power to raise taxes found? - ANSWER:
Article I
*What occurs when Congress is not in session and the President does not sign a
properly-presented, enrolled bill within 10 days? - ANSWER: Pocket Veto
*How frequently does Congress review the DoD budget request? - ANSWER:
Annually
*Approximately what percent of total federal spending is discretionary spending? -
ANSWER: Thirty percent (30%)
*Which branch of Government implements laws? - ANSWER: Executive Branch
*Which branch of Government is authorized to raise taxes and borrow money? -
ANSWER: Legislative Branch (Congress)
*Which committee attempts to resolve differences between the House and Senate
version of a bill? - ANSWER: Conference Committee, sometimes referred to as "the
Third Chamber"
*Which agency issues directions for use by other agencies in submitting their budget
estimates? - ANSWER: Office of Management and Budget (OMB)
*What type of legislation provides an agency with budget authority? - ANSWER:
Appropriation Acts provide budget authority
*What term is used to describe a subdivision of an apportionment - ANSWER:
Allotment
*What agency issues apportionments? - ANSWER: Office of Management and Budget
(OMB)
,*Which branch of Government conducts hearings on the effectiveness of
Government programs? - ANSWER: Legislative Branch (Congress)
*In the federal budget process, which organizations actually prepare budget
estimates? - ANSWER: Federal Agencies
*What is the largest single source of Federal Government tax revenues? - ANSWER:
Individual Income Taxes (50% in 2020)
*What are requests for funds in addition to amounts already appropriated called? -
ANSWER: Supplemental;
if funds have not been appropriated yet then a Budget Amendment would be
submitted instead of a Supplemental Request
*What financial control document is issued by the Treasury Department following
the signature of the Appropriations Act? - ANSWER: Appropriation 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
*An administrative reservation of funds is known as what? - ANSWER: Commitment
*What gives a Federal agency the legal authority to operate a program? - ANSWER:
Authorization Legislation
*Article 1, Section 8, Clause 1, of the U.S. Constitution empowers which branch of
the Federal Government to Collect Taxes? - ANSWER: The Legislative Branch
*Where can the rules for calculating FTE employment be found? - ANSWER: OMB
Circular A-11
*What term is used to refer to the totality of units in a DoD component? - ANSWER:
Force Structure
*What term is used to refer to the authorized and programmed strength at the end
of the fiscal year for the active forces, the Selected Reserve, and appropriated-fund
civilian employees in the FYDP? - ANSWER: Peacetime Strength
*What process involves assembling, organizing, and using manpower and material
resources in preparation for war or other emergency? - ANSWER: Mobilization
, *What is the maximum number of days that units of the Selected Reserve and the
Individual Ready Reserve who may be ordered to active duty (other than for training)
without the consent of Congress? - ANSWER: 365 days
*What is the maximum number of members of the Selected Reserve and the
Individual Ready Reserve who may be on duty at any one time? Of these, what is the
maximum number who may be members of the Individual Ready Reserve? -
ANSWER: 200,000; 30,000
*What term is used to describe a civilian who could be deployed to a crisis area? -
ANSWER: Emergency Essential Employee
*What types of activities are excluded from competition under OMB Circular A-76? -
ANSWER: Inherently Governmental
*How frequently must federal agencies compile lists of activities that are not
inherently governmental? - ANSWER: Annually
*What kind of activity is so intimately related to the public interest as to mandate
performance by federal employees? - ANSWER: Inherently Governmental Activity
*What is one of the exceptions to the ban on gifts from outside sources? - ANSWER:
The value of the gift is $20 or less
*What is the name of the Department's internal control effort? - ANSWER:
Manager's Internal Control Program (MICP)
*The purposes of the Federal Managers' Financial Integrity Act of 1982 are to
prevent waste or misuse of agency funds or property and to assure the
accountability of what - ANSWER: Assets
*What do internal controls reasonably ensure? - ANSWER: Programs achieve
intended results
Resources are used efficiently
Programs/resources are protected from waste, fraud, and mismanagement
Laws and regulations are followed
Financial reporting is reliable and accurate
*What agency issues "Standards for Internal Control in the Federal Government?" -
ANSWER: Government Accountability Office (GAO)
*Segregation of duties is a type of which internal control standard? - ANSWER:
Control Activities
*The Financial Managers Financial Integrity Act report must include agency plans to
correct what type of weakness? - ANSWER: Material Weakness
CORRECT ANSWERS(DETAILED ANSWERS)
*How many branches of Government did the Constitution establish? - ANSWER:
Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch
(Article III)
*What was the predecessor to the Constitution? - ANSWER: Articles of
Confederation
*Where are all Federal-level laws enacted? - ANSWER: Congress
*In which article of the Constitution is the power to raise taxes found? - ANSWER:
Article I
*What occurs when Congress is not in session and the President does not sign a
properly-presented, enrolled bill within 10 days? - ANSWER: Pocket Veto
*How frequently does Congress review the DoD budget request? - ANSWER:
Annually
*Approximately what percent of total federal spending is discretionary spending? -
ANSWER: Thirty percent (30%)
*Which branch of Government implements laws? - ANSWER: Executive Branch
*Which branch of Government is authorized to raise taxes and borrow money? -
ANSWER: Legislative Branch (Congress)
*Which committee attempts to resolve differences between the House and Senate
version of a bill? - ANSWER: Conference Committee, sometimes referred to as "the
Third Chamber"
*Which agency issues directions for use by other agencies in submitting their budget
estimates? - ANSWER: Office of Management and Budget (OMB)
*What type of legislation provides an agency with budget authority? - ANSWER:
Appropriation Acts provide budget authority
*What term is used to describe a subdivision of an apportionment - ANSWER:
Allotment
*What agency issues apportionments? - ANSWER: Office of Management and Budget
(OMB)
,*Which branch of Government conducts hearings on the effectiveness of
Government programs? - ANSWER: Legislative Branch (Congress)
*In the federal budget process, which organizations actually prepare budget
estimates? - ANSWER: Federal Agencies
*What is the largest single source of Federal Government tax revenues? - ANSWER:
Individual Income Taxes (50% in 2020)
*What are requests for funds in addition to amounts already appropriated called? -
ANSWER: Supplemental;
if funds have not been appropriated yet then a Budget Amendment would be
submitted instead of a Supplemental Request
*What financial control document is issued by the Treasury Department following
the signature of the Appropriations Act? - ANSWER: Appropriation 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
*An administrative reservation of funds is known as what? - ANSWER: Commitment
*What gives a Federal agency the legal authority to operate a program? - ANSWER:
Authorization Legislation
*Article 1, Section 8, Clause 1, of the U.S. Constitution empowers which branch of
the Federal Government to Collect Taxes? - ANSWER: The Legislative Branch
*Where can the rules for calculating FTE employment be found? - ANSWER: OMB
Circular A-11
*What term is used to refer to the totality of units in a DoD component? - ANSWER:
Force Structure
*What term is used to refer to the authorized and programmed strength at the end
of the fiscal year for the active forces, the Selected Reserve, and appropriated-fund
civilian employees in the FYDP? - ANSWER: Peacetime Strength
*What process involves assembling, organizing, and using manpower and material
resources in preparation for war or other emergency? - ANSWER: Mobilization
, *What is the maximum number of days that units of the Selected Reserve and the
Individual Ready Reserve who may be ordered to active duty (other than for training)
without the consent of Congress? - ANSWER: 365 days
*What is the maximum number of members of the Selected Reserve and the
Individual Ready Reserve who may be on duty at any one time? Of these, what is the
maximum number who may be members of the Individual Ready Reserve? -
ANSWER: 200,000; 30,000
*What term is used to describe a civilian who could be deployed to a crisis area? -
ANSWER: Emergency Essential Employee
*What types of activities are excluded from competition under OMB Circular A-76? -
ANSWER: Inherently Governmental
*How frequently must federal agencies compile lists of activities that are not
inherently governmental? - ANSWER: Annually
*What kind of activity is so intimately related to the public interest as to mandate
performance by federal employees? - ANSWER: Inherently Governmental Activity
*What is one of the exceptions to the ban on gifts from outside sources? - ANSWER:
The value of the gift is $20 or less
*What is the name of the Department's internal control effort? - ANSWER:
Manager's Internal Control Program (MICP)
*The purposes of the Federal Managers' Financial Integrity Act of 1982 are to
prevent waste or misuse of agency funds or property and to assure the
accountability of what - ANSWER: Assets
*What do internal controls reasonably ensure? - ANSWER: Programs achieve
intended results
Resources are used efficiently
Programs/resources are protected from waste, fraud, and mismanagement
Laws and regulations are followed
Financial reporting is reliable and accurate
*What agency issues "Standards for Internal Control in the Federal Government?" -
ANSWER: Government Accountability Office (GAO)
*Segregation of duties is a type of which internal control standard? - ANSWER:
Control Activities
*The Financial Managers Financial Integrity Act report must include agency plans to
correct what type of weakness? - ANSWER: Material Weakness
