Defense Acquisition UniversityBUSINESS BCF 110Module 09 Exam.

Module 9: Fiscal Law 1. A contract for a special piece of research and development equipment costing $200,000 was awarded using funds from an Operations and Maintenance appropriation. This action did not cause any formal subdivision of the Operations and Maintenance appropriation to be exceeded. This action most likely: Violated the Purpose Statute Violated the Antideficiency Act Violated the Bona Fide Need Rule Did not violate any fiscal laws 2. True or False: Upon violation of a fiscal law, a formal investigation is conducted that includes the Government Accountability Office (GAO) and Congressional Committees. True False 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. True False 4. True or False. The co