FOB105 FM Body of Knowledge (FMBOK)
questions and answers graded A+ 2025 updated
1. Comptroller Squadron In a typical wing structure, who is responsible for the use
of wing
financial services for military and civilian personnel?
2. Operations Group The operates the wing's primary mission
weapons
system.
3. Regulates the daily Which is a function of a Cost Center Manager (CCM)?
con- sumption of
resources
Which is a function of the Financial Management Analysis
4. Manages the budget,
(FMA) Oflcer?
cost, and accounting
functions for the base
The includes top-level managers, with
5. FMB (Financial
Manage- ment mem- bership tailored to the type of organization structure
Board) involved to determine priorities and ensure ettective
allocation of resources
6. Financial The is the Chairperson of the Financial
Management Working Group (FWG).
Analysis Officer
7. Group Commanders In a typical wing organization, Responsibility Center
Managers
(RCMs) are usually .
8. Resource The provides a way to establish
Management
priorities, choose policies, and act to get the desired
System
results and required resources at an acceptable cost.
1/
12
,FOB105 FM Body of Knowledge (FMBOK)
questions and answers graded A+ 2025 updated
9. Squadron Cost Center Managers (CCMs) are usually at the
level.
10. Base/unit level The Financial Working Group (FWG) manages
operations activities
commodities and resources integral to:
11. Legislative Authority
1/
12
, FOB105 FM Body of Knowledge
(FMBOK)
"The established rule that is expenditure of public funds is
proper only when authorized by Congress," describes:
12. Congress has the ability to appropriate funds to be
spent by the federal government.
13. Purpose, Time, The three main elements that must be reviewed and we
and Amount
must ensure are properly examined before funds are
obligated are:
14. Necessary Expense Rule To apply reasonable discretion and flexibility, the
Government
Accountability Oflce (GAO) developed the concept known as
the
which consists of a three-part test.
15. True The bona fida needs rule, as it pertains to supplies, states
that gen- erally. agencies must obligate funds from the fiscal
year in which the supplies is if you are maintaining a
stock of commonly used supplies (inventory), you are
permitted to replenish those stocks using current funding
even if you may not use those supplies until the
following fiscal year to avoid an interruption of
operations.
16. No-year A(n) appropriation is to remain available
until expended without fiscal year limitation.
17. Congress Under the "Seperation of Powers" doctrine,
has the final word on how much money can be spent by
given agency or program.
18. True The ADA imposes prohibitions (fiscal controls) at three levels:
Ap- propriation Level, Apportionment Level, Formal
questions and answers graded A+ 2025 updated
1. Comptroller Squadron In a typical wing structure, who is responsible for the use
of wing
financial services for military and civilian personnel?
2. Operations Group The operates the wing's primary mission
weapons
system.
3. Regulates the daily Which is a function of a Cost Center Manager (CCM)?
con- sumption of
resources
Which is a function of the Financial Management Analysis
4. Manages the budget,
(FMA) Oflcer?
cost, and accounting
functions for the base
The includes top-level managers, with
5. FMB (Financial
Manage- ment mem- bership tailored to the type of organization structure
Board) involved to determine priorities and ensure ettective
allocation of resources
6. Financial The is the Chairperson of the Financial
Management Working Group (FWG).
Analysis Officer
7. Group Commanders In a typical wing organization, Responsibility Center
Managers
(RCMs) are usually .
8. Resource The provides a way to establish
Management
priorities, choose policies, and act to get the desired
System
results and required resources at an acceptable cost.
1/
12
,FOB105 FM Body of Knowledge (FMBOK)
questions and answers graded A+ 2025 updated
9. Squadron Cost Center Managers (CCMs) are usually at the
level.
10. Base/unit level The Financial Working Group (FWG) manages
operations activities
commodities and resources integral to:
11. Legislative Authority
1/
12
, FOB105 FM Body of Knowledge
(FMBOK)
"The established rule that is expenditure of public funds is
proper only when authorized by Congress," describes:
12. Congress has the ability to appropriate funds to be
spent by the federal government.
13. Purpose, Time, The three main elements that must be reviewed and we
and Amount
must ensure are properly examined before funds are
obligated are:
14. Necessary Expense Rule To apply reasonable discretion and flexibility, the
Government
Accountability Oflce (GAO) developed the concept known as
the
which consists of a three-part test.
15. True The bona fida needs rule, as it pertains to supplies, states
that gen- erally. agencies must obligate funds from the fiscal
year in which the supplies is if you are maintaining a
stock of commonly used supplies (inventory), you are
permitted to replenish those stocks using current funding
even if you may not use those supplies until the
following fiscal year to avoid an interruption of
operations.
16. No-year A(n) appropriation is to remain available
until expended without fiscal year limitation.
17. Congress Under the "Seperation of Powers" doctrine,
has the final word on how much money can be spent by
given agency or program.
18. True The ADA imposes prohibitions (fiscal controls) at three levels:
Ap- propriation Level, Apportionment Level, Formal
