FISCAL LAW CERTIFICATION EVALUATION
SET 2026 ANSWERS GUARANTEED PASS
⫸ ______ has the ability to appropriate funds to be spent by the federal
government. Answer: Congress
⫸ The three main elements that must be met before funds are obligated
are Answer: Purpose
Time
Amount
⫸ To apply reasonably discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the
_______, which consists of a three part test. Answer: necessary expense
rule
⫸ The bona fide needs rule allows you to maintain inventories at levels
to avoid disruption of operations. Answer: true
⫸ A(n) ______ appropriation is to remain available until expended
without fiscal year limitation. Answer: No-Year
⫸ 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
SET 2026 ANSWERS GUARANTEED PASS
⫸ ______ has the ability to appropriate funds to be spent by the federal
government. Answer: Congress
⫸ The three main elements that must be met before funds are obligated
are Answer: Purpose
Time
Amount
⫸ To apply reasonably discretion and flexibility, the Government
Accountability Office (GAO) developed the concept known as the
_______, which consists of a three part test. Answer: necessary expense
rule
⫸ The bona fide needs rule allows you to maintain inventories at levels
to avoid disruption of operations. Answer: true
⫸ A(n) ______ appropriation is to remain available until expended
without fiscal year limitation. Answer: No-Year
⫸ 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
