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Page 1 of 2 EXECUTION EXAM PART 2 Fiscal Law EXECUTION EXAM PART 2 Fiscal Law.pdf
EXECUTION EXAM PART 2: Fiscal Law
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1) The Brainiac Corp. won a competition to perform 23 months of maintenance effort for
the Smart Missile program during FY 2014 and FY 2015. Because the squadron decided to
delay two other maintenance projects originally scheduled for FY 2014, the entire 23
months of the Brainiac Corp. effort was funded with FY 2014 O&M funds. This action most
likely: (select one) [Identify violations of the Purpose Statute, the Antideficiency Act, and the Bona
Fide Need Rule.] [Remediation Accessed :N]
Violated the Bona Fide Need Rule
Violated the Purpose Statute
Violated the Antideficiency Act
Did not violate any fiscal laws
2) Upon violation of a fiscal law, a hearing requiring testimonies may be required by _______.
[Identify the concepts and resolution process for Fiscal Law violations.]
Congressional Committee of the House of Representatives
The President of the United States
Defense Secretary
3) True or False. When faced with uncertainty regarding the appropriation of funds, Financial
Managers should first check with higher authority/Comptroller prior to obligating the funds to
ensure there is no problem with possible misappropriation of these funds. [Recognize the ethical
responsibilities of Financial Managers.]
True
False
This study source was downloaded by 1827175 from cliffsnotes.com on 01-08-2026 17:48:20 GMT -06:00
EXECUTION EXAM PART 2 Fiscal Law Page 1 of 2 EXECUTION EXAM PART 2 Fiscal Law.pdf
https://learn.dau.mil/Atlas2/html/testengine/TestGeneration/test_review.jsp
https://www.cliffsnotes.com//study-notes/27402301 8/15/2018
Page 1 of 2 EXECUTION EXAM PART 2 Fiscal Law EXECUTION EXAM PART 2 Fiscal Law.pdf
EXECUTION EXAM PART 2: Fiscal Law
Here is your test result.The dots represent the choices you have made.
The highlighted questions are the questions you have missed.
Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y'
represents visited links.
Back to Status page
contains 5 Questions
1) The Brainiac Corp. won a competition to perform 23 months of maintenance effort for
the Smart Missile program during FY 2014 and FY 2015. Because the squadron decided to
delay two other maintenance projects originally scheduled for FY 2014, the entire 23
months of the Brainiac Corp. effort was funded with FY 2014 O&M funds. This action most
likely: (select one) [Identify violations of the Purpose Statute, the Antideficiency Act, and the Bona
Fide Need Rule.] [Remediation Accessed :N]
Violated the Bona Fide Need Rule
Violated the Purpose Statute
Violated the Antideficiency Act
Did not violate any fiscal laws
2) Upon violation of a fiscal law, a hearing requiring testimonies may be required by _______.
[Identify the concepts and resolution process for Fiscal Law violations.]
Congressional Committee of the House of Representatives
The President of the United States
Defense Secretary
3) True or False. When faced with uncertainty regarding the appropriation of funds, Financial
Managers should first check with higher authority/Comptroller prior to obligating the funds to
ensure there is no problem with possible misappropriation of these funds. [Recognize the ethical
responsibilities of Financial Managers.]
True
False
This study source was downloaded by 1827175 from cliffsnotes.com on 01-08-2026 17:48:20 GMT -06:00
EXECUTION EXAM PART 2 Fiscal Law Page 1 of 2 EXECUTION EXAM PART 2 Fiscal Law.pdf
https://learn.dau.mil/Atlas2/html/testengine/TestGeneration/test_review.jsp
https://www.cliffsnotes.com//study-notes/27402301 8/15/2018
