1 for specific request mail
FOB105 FM Body of Knowledge (FMBOK) Questions
and Correct Answers | Latest Update
In a typical wing structure, who is responsible for the use of wing
financial services for military and civilian personnel?
Ans: Comptroller Squadron
The ____________ operates the wing's primary mission weapons system.
Ans: Operations Group
Assignment Expert
Which is a function of a Cost Center Manager (CCM)?
Ans: Regulates the daily consumption of resources
Guru01 - Stuvia
Which is a function of the Financial Management Analysis (FMA) Officer?
Ans: Manages the budget, cost, and accounting functions for the base
2026
The ______________ includes top-level managers, with membership tailored
to the type of organization structure involved to determine priorities and
©
ensure effective allocation of resources
Ans: FMB (Financial Management Board)
The _____________ is the Chairperson of the Financial Working Group
(FWG).
Ans: Financial Management Analysis Officer
In a typical wing organization, Responsibility Center Managers (RCMs) are
usually _____________.
Ans: Group Commanders
The ______________ provides a way to establish priorities, choose policies,
and act to get the desired results and required resources at an acceptable
cost.
, 2 for specific request mail
Ans: Resource Management System
Cost Center Managers (CCMs) are usually at the _____________ level.
Ans: Squadron
The Financial Working Group (FWG) manages commodities and resources
integral to:
Ans: Base/unit level operations activities
"The established rule that is expenditure of public funds is proper only
when authorized by Congress," describes:
Assignment Expert
Ans: Legislative Authority
Guru01 - Stuvia
_____________ has the ability to appropriate funds to be spent by the
federal government.
Ans: Congress
2026
The three main elements that must be reviewed and we must ensure are
properly examined before funds are obligated are:
©
Ans: Purpose, Time, and Amount
To apply reasonable discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the
_______________ which consists of a three-part test.
Ans: Necessary Expense Rule
The bona fida needs rule, as it pertains to supplies, states that generally.
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.
FOB105 FM Body of Knowledge (FMBOK) Questions
and Correct Answers | Latest Update
In a typical wing structure, who is responsible for the use of wing
financial services for military and civilian personnel?
Ans: Comptroller Squadron
The ____________ operates the wing's primary mission weapons system.
Ans: Operations Group
Assignment Expert
Which is a function of a Cost Center Manager (CCM)?
Ans: Regulates the daily consumption of resources
Guru01 - Stuvia
Which is a function of the Financial Management Analysis (FMA) Officer?
Ans: Manages the budget, cost, and accounting functions for the base
2026
The ______________ includes top-level managers, with membership tailored
to the type of organization structure involved to determine priorities and
©
ensure effective allocation of resources
Ans: FMB (Financial Management Board)
The _____________ is the Chairperson of the Financial Working Group
(FWG).
Ans: Financial Management Analysis Officer
In a typical wing organization, Responsibility Center Managers (RCMs) are
usually _____________.
Ans: Group Commanders
The ______________ provides a way to establish priorities, choose policies,
and act to get the desired results and required resources at an acceptable
cost.
, 2 for specific request mail
Ans: Resource Management System
Cost Center Managers (CCMs) are usually at the _____________ level.
Ans: Squadron
The Financial Working Group (FWG) manages commodities and resources
integral to:
Ans: Base/unit level operations activities
"The established rule that is expenditure of public funds is proper only
when authorized by Congress," describes:
Assignment Expert
Ans: Legislative Authority
Guru01 - Stuvia
_____________ has the ability to appropriate funds to be spent by the
federal government.
Ans: Congress
2026
The three main elements that must be reviewed and we must ensure are
properly examined before funds are obligated are:
©
Ans: Purpose, Time, and Amount
To apply reasonable discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the
_______________ which consists of a three-part test.
Ans: Necessary Expense Rule
The bona fida needs rule, as it pertains to supplies, states that generally.
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.
