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Exam (elaborations)

CDFM Module 1 Exam (2026–2027 Latest Update) – Real Exam Questions with Verified Answers, A+ Graded Study Material

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This document contains the latest real exam content for the CDFM Module 1 exam for the 2026–2027 testing cycle, featuring verified questions and correct answers. It thoroughly covers foundational defense financial management principles assessed in Module 1 and is already graded A+, making it a reliable and exam-focused preparation resource.

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Uploaded on
January 9, 2026
Number of pages
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Written in
2025/2026
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Questions & answers

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CDFM MODULE 1 REAL EXAM WITH QUESTIONS AND
ANSWERS (VERIFIED ANSWERS GRADED A+) LATEST
UPDATE 2026/2027



What prevents Congress and the President from unilaterally making laws and
treaties? - CORRECT ANSWER Separation of Power


What give Congress the authority to make laws? - CORRECT ANSWER Article
1, Section 8 of the Constitution


Who reviews the constitution for interpretation of the constitution? - CORRECT
ANSWER Supreme Court


Who has the power to raise taxes given in Article 1 of the Constitution? -
CORRECT ANSWER Congress (Legislative Branch)


What does the Congress of the US consist of? - CORRECT ANSWER Senate (6
yrs); House (2 yrs)


All bills for raising Revenue shall originate where? But the Senate may propose or
concur with Amendments as on other Bills. - CORRECT ANSWER House of
Representative


To be able to override a presidential veto, the House has to have a majority to pass
the bill; and if approved, then goes to the Senate for a vote to pass the bill. If
approved, the Bill becomes Law. What is the percentage the vote has to pass by in
both the House & Senate? - CORRECT ANSWER 2/3 and 2/3

,If any Bill shall not be returned by the President after it has been presented to him,
the Same shall be a law. How many days? - CORRECT ANSWER 10 Days


Who has the power to lay and collect taxes, duties, imposts and Excises to pay the
debts and provide for the common defense and general welfare of the United
States. - CORRECT ANSWER Congress


Article 1, Section 8 of the Constitution allows for what? - CORRECT ANSWER
1) borrow money on credit 2) regulate commerce; 3) Coin money; 4) Constitute
Tribunals; 5) Declare War; 6) Raise and support Armies; 7) provide and maintain
Navy; 8) Make Rules for Government Regulation of land and naval forces; 9)
Provide for calling forth Militia; 10) to make all laws


No money shall be drawn from the Treasury, but in the Consequence of
Appropriations made by law. - CORRECT ANSWER Article 1, Section 9


Once the money officially and legally gets into the Treasury, to be able to use the
money, what does Congress have to do? - CORRECT ANSWER Write a Law


Gives executive power to the President to be the Commander in Chief and to
execute the laws - CORRECT ANSWER Article 2 Executive Branch


The President has the power to nominate and with the advice and consent of the
Senate, shall appoint these officials. Name 2? - CORRECT ANSWER
Ambassadors & Supreme Court Judges


How often does the President give to Congress the State of the Union (Jan/Feb)
time frame. - CORRECT ANSWER Once year

,Who and what branch is responsibly for faithfully executing the laws enacted by
Congress (Legislative Branch)? - CORRECT ANSWER President (Executive
Branch)


The Supreme Court does not deal in the matter of what? - CORRECT ANSWER
State Laws


A new Congress convenes for two years following the November general elections,
it consists of how many sessions, and each in what duration? - CORRECT
ANSWER 2 sessions; 1 year duration


This may originate either in the House of Representatives or in the Senate. There is
little practice difference between a bill and a " ", once agree, it goes to the
President for signature. - CORRECT ANSWER Joint Resolution


Matters affecting the operation of the House & Senate and both chambers agree,
does not go to the President for signature. - CORRECT ANSWER Concurrent
Resolution


The House and Senate can each write an matter concerning the operation on its
own. Applies to the chamber that created it. Knows as the H.Res & S.Res -
CORRECT ANSWER Simple Resolution


During the State of The Union, what message is the President giving? -
CORRECT ANSWER State of Union, recommend measures necessary and
expedient


Can an Executive Branch Department pass legislation with the approval of OMB
and on Behalf of the president, to a congressional committee or subcommittee -
CORRECT ANSWER Yes, but must be approved by OMB

, Who resolves differences between the HR and the Senate? - CORRECT
ANSWER Conference Committee (Third Chamber)


What is usually the first step in the process for consideration by committee? -
CORRECT ANSWER Public Hearing


When a Conference Committee is convened dealing with an amendment, what can
the conferees do and not do? - CORRECT ANSWER Only deal with matters in
disagreement; cannot insert new matter or leave out matter agreed on


The final step after the Conference Committee Resolution after a measure has been
passed in identical form by both the House andSenate, it is considered to be what?
- CORRECT ANSWER "Enrolled" (then sent to the president)


What was declared unconstitutional in 1998 with respect to Presidential Veto? -
CORRECT ANSWER Line Item Veto


If the President Veto a Bill, it is returned to the house of original acting first. If the
Bill does not receive 2/3 vote, it is sustained and the bill fails to become law. If it
receives the required 2/3 vote, an endorsement to the effect is made on the back of
the bill and it is then transmitted, with the accompany message, the to the second
house for its action. What has to happen for the Bill to become Law? - CORRECT
ANSWER The next house has to pass it with a 2/3 vote to become law.


Who is responsible for the 3 phases of the Budget Cycle? - CORRECT ANSWER
OMB


What are the 3 Phases of the Budget Cycle? - CORRECT ANSWER Budget
Formulation, Congressional Action and Budget Execution

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