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Exam (elaborations)

CDFM Questions and Answers Already Passed

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CDFM Questions and Answers Already Passed 1.1.5: What was precursor to Constitution - when ratified? Art. Of Confederation (1781)) 1.1.5: What was required to amend the Art. Of Confed? unanimous approval of all states) 1.1.5: When was Constitution Ratified? Take effect? June 1788)(March 4, 1789) 1.1.6: Why Sep of Power among 3 branches so important? avoid strong central gov > tyranny) 1.1.6: What is Essential principle of Constitution? Gov must be confined to the rule of law) 1.1.7: How is constitutional interpretation often set? predcedent, custom and usage) 1.1.7: What Article & section specifies that Congress makes all laws? Art I, Sec. 8) 1.1.7: What Art. Set apart the Executive Judicial, Legislative) branch? (E=2, J=3, L=1). 1.1.7: Which Articles lay out the Org. of the Federal Gov? I-III). 1.1.8: Where are all revenue bills generated? HR) 1.1.8: Pres has how many days to act on a bill? 10 not including Sundays or Holidays) 1.1.8: What can override the Pres rejection of a bill? 2/3 approval in both chambers) 1.1.8: What is a Pocket Veto? Congress adjourns during the 10 days the Pres holds it). 1.1.9: What Article/Section states Congress has power to collect taxes? Art I, Sec 8) 1.1.9: What is important about Art I, Sec 9? No $ from Treasury w/o Appropriation) 1.1.12: What is the difference between Joint and Concurrent Resolutions? Joint has same effect as a Bill and must be signed by Pres; Concurrent "sense of Congress" only, not law) 1.1.13: Who can introduce legislative proposals to Congress? Members of Congress only) 1.1.15: What is the sole purpose of Conferences? reconcile differences between the houses) 1.1.17: What are the 4 phases of the Federal Budget process? Formulation, Congressional Action, Execution, and Performance Review & Audit) 1.1.17: The Federal Budget is the _____ Budget. The President's) 1.1.17: Who plays a major role in developing the Budget? Pres, Cong, OMB, Agencies, Public) 1.1.17: When must the President submit the next FY Budget? 1st Monday in February) 1.1.18: The formulation phase starts as early as ____months prior to the start of the FY. 21) 1.1.18: What are the 6 major steps to the formulation phase? 1.OMB Guidance - Circ. A11 issued; 2.Organizations develop draft; 3.Agency

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CDFM - Certified Defense Financial Manager
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CDFM - Certified Defense Financial Manager
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CDFM - Certified Defense Financial Manager

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Uploaded on
September 11, 2023
Number of pages
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Written in
2023/2024
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