CDFM Exam 1 Study Set Questions and
Answers
Competency 1: Gov't Resource Management Environment -
OMB Circular A-11 -
correct answer ✅Preparation & Submission of Budget Estimates
OMB Circular A-76 -
correct answer ✅Performance of Commercial Activities
OMB Circular A-123 -
correct answer ✅Management's Responsibility for Internal Control
OMB Circular A-136 -
correct answer ✅Financial Reporting Requirements
What was precursor to Constitution? -
correct answer ✅Articles Of Confederation (1781)
What was required to amend the Art. Of Confed? -
correct answer ✅Unanimous approval from all states
,CDFM Exam 1 Study Set Questions and
Answers
When was Constitution Ratified? -
correct answer ✅June 1788
What is the principle behind the separation of power between the
3 branches? -
correct answer ✅Devised to allay the fear that a centralized
government would lead to tyranny
What is the essential principle of the Constitution? -
correct answer ✅That the government must be confined to the
rule of law
What does the Constitution define as the fundamental law of the
US Federal Government? -
correct answer ✅Set forth the 3 principal branches of the Federal
Government; outline their jurisdictions; propound the basic rights
of US citizens
What Article lays out the rules for the Legislative Branch? -
correct answer ✅Article I
,CDFM Exam 1 Study Set Questions and
Answers
What section of Article 1 allows Congress to levy taxes and establish
District Courts? -
correct answer ✅Section 8
What Article lays out the rules for the Executive Branch? -
correct answer ✅Article 2
What Article lays out the rules for the Judicial Branch? -
correct answer ✅Article 3
Where are all revenue bills generated? -
correct answer ✅House of Representatives
The President has how many days to act on a bill? -
correct answer ✅10, excluding Sundays or Holidays
What can override a Presidential veto of a bill? -
correct answer ✅2/3 approval in both chambers
, CDFM Exam 1 Study Set Questions and
Answers
Congress is adjourned and the President fails to sign a bill during
the 10-day period, that bill does not become law. -
correct answer ✅Pocket Veto
What is important about Art I, Sec 9? -
correct answer ✅No money is to be issued from Treasury without
an Appropriation law
A legislative proposal of a general nature, only allowed to be
introduced by a member of Congress, and must be reviewed by the
President for approval into law or rejected with a veto. -
correct answer ✅Bill
Legislative proposal similar to a bill, frequently used to amend the
Constitution , and can originate in either the House or Senate, and
must be reviewed by the President the same as a bill. -
correct answer ✅Joint Resolution
Proposal to address matters that affect the operation of both the
House and Senate, does not go to the President for action. -
correct answer ✅Concurrent Resolution
Answers
Competency 1: Gov't Resource Management Environment -
OMB Circular A-11 -
correct answer ✅Preparation & Submission of Budget Estimates
OMB Circular A-76 -
correct answer ✅Performance of Commercial Activities
OMB Circular A-123 -
correct answer ✅Management's Responsibility for Internal Control
OMB Circular A-136 -
correct answer ✅Financial Reporting Requirements
What was precursor to Constitution? -
correct answer ✅Articles Of Confederation (1781)
What was required to amend the Art. Of Confed? -
correct answer ✅Unanimous approval from all states
,CDFM Exam 1 Study Set Questions and
Answers
When was Constitution Ratified? -
correct answer ✅June 1788
What is the principle behind the separation of power between the
3 branches? -
correct answer ✅Devised to allay the fear that a centralized
government would lead to tyranny
What is the essential principle of the Constitution? -
correct answer ✅That the government must be confined to the
rule of law
What does the Constitution define as the fundamental law of the
US Federal Government? -
correct answer ✅Set forth the 3 principal branches of the Federal
Government; outline their jurisdictions; propound the basic rights
of US citizens
What Article lays out the rules for the Legislative Branch? -
correct answer ✅Article I
,CDFM Exam 1 Study Set Questions and
Answers
What section of Article 1 allows Congress to levy taxes and establish
District Courts? -
correct answer ✅Section 8
What Article lays out the rules for the Executive Branch? -
correct answer ✅Article 2
What Article lays out the rules for the Judicial Branch? -
correct answer ✅Article 3
Where are all revenue bills generated? -
correct answer ✅House of Representatives
The President has how many days to act on a bill? -
correct answer ✅10, excluding Sundays or Holidays
What can override a Presidential veto of a bill? -
correct answer ✅2/3 approval in both chambers
, CDFM Exam 1 Study Set Questions and
Answers
Congress is adjourned and the President fails to sign a bill during
the 10-day period, that bill does not become law. -
correct answer ✅Pocket Veto
What is important about Art I, Sec 9? -
correct answer ✅No money is to be issued from Treasury without
an Appropriation law
A legislative proposal of a general nature, only allowed to be
introduced by a member of Congress, and must be reviewed by the
President for approval into law or rejected with a veto. -
correct answer ✅Bill
Legislative proposal similar to a bill, frequently used to amend the
Constitution , and can originate in either the House or Senate, and
must be reviewed by the President the same as a bill. -
correct answer ✅Joint Resolution
Proposal to address matters that affect the operation of both the
House and Senate, does not go to the President for action. -
correct answer ✅Concurrent Resolution
