Fiscal law exam questions Study guides, Class notes & Summaries
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GCSU GA Constitution Exam Questions and Answers 100% Pass
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GCSU GA Constitution Exam Questions and Answers 100% Pass how many federal employees? 3 million 
how many state/local employees? 13 million 
What areas of public policy do the states take most of the responsibility for? education, highways, lawenforcement, public health, welfare 
Similarities between state gov systems 1. every state has a written constitution and 3 gov branches 2. governor, state leg and court system 
constitutionalism -gov created for the people by people - describe fundamental...
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023 
 
 
QUESTION 1 
 
1. Which of the following is a correct statement of Fiscal Law Philosophy: 
 
 If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. 
 Expenditure of appropriated funds is proper only when authorized by Congress. 
 If the commander says buy it, don’t worry about Fiscal Law Regulations. 
 Absent a specific prohibition, expending appropriated funds is ...
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CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
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CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 
 
 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
 
"Where can the most authoritative source of information on the proper use of appropriated funds be...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
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CDFM All Modules FISCAL 
LAW Exam Questions and 
Answers 
 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti 
Deficiency Act? - ANSWER FALSE 
Agencies are responsible for maintaining a system of accounting and internal controls to 
avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA 
The 2 provisions of the US Constitution that provide the underpinning for the budget 
process are? - ANSWER Article 1 Section 8 clause 1, Article 1 Section 9 clause ...
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
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CDFM 3.1 Fiscal Law Exam 
Questions with Correct 
Answers 
 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the 
Anti Deficiency Act. - ANSWER FALSE 
Agencies are responsible for maintaining a system of accounting and internal controls to 
avoid violations of the _________. - ANSWER 31 USC 1341, 1342, and 1517 
(Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - ANSWER 
5 
The appropriation time line for Procurem...
And that's how you make extra money
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - ANSWER 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
The appropriation time line for Military Construction is _______ years. - ANSWER 5 
 
The appropriation time line for ...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
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CDFM All Modules FISCAL LAW Exam Questions and Answers 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER	FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER	31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 
...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
- Exam (elaborations) • 21 pages • 2023
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CDFM All Modules FISCAL LAW Exam Questions and Answers 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 clause 1, Ar...
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 21 pages • 2023
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 ...
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 21 pages • 2024
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER	FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER	31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 c...
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USACE 101 Module 1 - FISCAL LAW EXAM QUESTIONS AND ANSWERS -ALL CORRECT
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MODULE 2 
QUESTION 1 
1. It is appropriate for the Army to acquire lawn cutting services through 
the Project Order Statute. 
True 
False 
QUESTION 4 20 points 
20 points 
20 points 
20 points 
1. The proper amount of money to obligate at the award of a firm fixed-price 
contract is: 
20 points 
QUESTION 1 
1. On 1 September 2011 the command at New Sands Missile Range purchases 
an x-ray machine for the installation hospital, which arrives and is accepted 
on 15 September 2011. The x-ray machine...
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