FSD 101 Basic Fiscal Law Prep Exam And Actual Answers 2024.
________________ funds are available for new obligations for a period of 5 years. - Answer Anti deficiency Act Principles state that you can receive services without paying for them as benefit to the government. - Answer False
________________ has the ability to appropriate funds to be spent by the federal government. - Answer
Congress
Under the "Separation of Powers" doctrine established by the Constitution, the _____________ carries out the laws with the money Congress provides. - Answer The ____________ Act prohibits against over obligated or overspending an appropriation. - Answer Antideficiency
Fiscal Law is derived from: - Answer All of the above
The three main elements that must be met before funds are obligated are: - Answer Purpose, Time, and
Amount
The Anti deficiency Act includes _________________ penalties for violation. - Answer Both A and B (Civil and Criminal)
Under the "Separation of Powers" doctrine, ________________ has the final word on how much money can be spent by a given agency or program. - Answer Congress
"The established rule is that the expenditure of public funds is proper only when authorized by Congress" describes ______________ - Answer Affirmative Authority
________________ funds are available for new obligations for a period of 5 years. - Answer Anti deficiency Act Principles state that you can receive services without paying for them as benefit to the government. - Answer False
________________ has the ability to appropriate funds to be spent by the federal government. - Answer
Congress
Under the "Separation of Powers" doctrine established by the Constitution, the _____________ carries out the laws with the money Congress provides. - Answer The ____________ Act prohibits against over obligated or overspending an appropriation. - Answer Antideficiency
Fiscal Law is derived from: - Answer All of the above
The three main elements that must be met before funds are obligated are: - Answer Purpose, Time, and
Amount
The Anti deficiency Act includes _________________ penalties for violation. - Answer Both A and B (Civil and Criminal)
Under the "Separation of Powers" doctrine, ________________ has the final word on how much money can be spent by a given agency or program. - Answer Congress
"The established rule is that the expenditure of public funds is proper only when authorized by Congress" describes ______________ - Answer Affirmative Authority
