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ARMY FISCAL LAW STUDY SET QUESTIONS WITH CORRECT ANSWERS

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ARMY FISCAL LAW STUDY SET QUESTIONS WITH CORRECT ANSWERS

Institution
Fiscal Law
Course
Fiscal Law

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What is an Obligation?


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A legal liability to Pay




__________________________ OCCURS WHEN AN AGENCY ACCEPTS GRATUITOUS SERVICES
WHEN FEDERAL EMPLOYEES WOULD NORMALLY PERFORM THE WORK


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IMPROPER AUGMENTATION




What are the four requirements for ACSA

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(1)Must have an approved ACSA in place
(2)Must involve LSSS
(3)Must agree on reimbursement method
(4)ACSA Warranted Officer must approve




What is the Bonafide needs Rule exception for services?


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Severable services contract no longer than one year




Unspecified Minor Military Construction (UMMC) Threshold for Construction


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is used to fund military construction projects that exceed the amount
authorized for O&M funded military construction, but below 6 Million in
funded costs.




Unfunded Cost


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Institution
Fiscal Law
Course
Fiscal Law

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Uploaded on
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Number of pages
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Written in
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Type
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