CDFM - Module 3 Questions & Answers Questions with 100% Correct Answers

CDFM - Module 3 Questions & Answers Questions with 100% Correct Answers Federal appropriations law can be categorized into which three topical areas? - answerPurpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? - answerDoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? - answerAppropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Receipts Loan and Loan Guarantee Authority Annual appropriations remain available for new obligations for how long? - answerThey normally remain available for new obligations for ONE fiscal year Operation and Maintenance (O&M) is an example of what type of appropriation - answerAnnual appropriation RDT&E is an example of what type of appropriation? - answerMulti-year appropriation Budget authority does not expire in what type of appropriation? - answerNo-year appropriation Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for operating the Government to which branch of the Government? - answerLegislative Branch (Congress) Which law established the House and the Senate Budget Committees and the Congressional Budget Office (CBO)? - answerCongressional Budget Act of 1974 What are the three tests that must be met for use of Necessary Expense doctrine? - answerMust bear a logical relationship, not prohibited by law, not funded elsewhere Who are determined to be accountable individuals in the DoD? - answerCertifying and Disbursing Officers and Departmental Accountable Officials