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Exam (elaborations)

CDFM Module 1 Exam (2023–2024) – Latest Real Exam with 250 Questions and Detailed Correct Answers, A+ Graded Study Material

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This document includes the latest real exam content for the CDFM Module 1 exam (2023–2024), featuring 250 exam-style questions with detailed and correct answers. It covers foundational defense financial management topics tested in Module 1 and is designed to support thorough exam preparation with already graded, high-accuracy content.

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CDFM MODULE 1
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CDFM MODULE 1











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Institution
CDFM MODULE 1
Course
CDFM MODULE 1

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Uploaded on
January 9, 2026
Number of pages
98
Written in
2025/2026
Type
Exam (elaborations)
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LATEST VERSION CDFM MODULE 1 EXAM 2023-2024 REAL EXAM 250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS)




LATEST VERSION
CDFM MODULE 1
EXAM 2026-2027
REAL EXAM 250
QUESTIONS AND
CORRECT
ANSWERS(DETAI
LED ANSWERS)

,LATEST VERSION CDFM MODULE 1 EXAM 2023-2024 REAL EXAM 250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS)




The President is responsible to transmit the budget of the
US government to congress NLT when? - CORRECT
ANSWER-1st Monday in February each year


Congress she process authorization legislation, which
authorizes or allows programs to exist. They also pass
appropriations, which provide funding for programs -
CORRECT ANSWER-Congressional Action Phase


The President signs the bills into law that provides legal
budget authority to incur obligations and make payments
out of the Treasury for specified purposes. - CORRECT
ANSWER-Appropriation


In the Congressional Action Phase, who holds hearing in
January in preperation for drafting the concurrent
resolution of the budget? - CORRECT ANSWER-Budget
Committees

,LATEST VERSION CDFM MODULE 1 EXAM 2023-2024 REAL EXAM 250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS)




Budget Committees this to their respective houses. The
resolution sets spending revenue and other budget
targets for the upcoming fiscal year. - CORRECT ANSWER-
Concurrent Resolution - April of each year


This is the process of estimating the budgetary effects of
pending legislation and comparing them to a baseline
such as a budget resolution or to any limits that may be
set in law. - CORRECT ANSWER-Scorekeeping


What data does scorekeeping track? - CORRECT ANSWER-
budget authority, receipts, outlays, surplus or deficit, and
the public debt


No money shall be drawn from the Treasury, but in the
Consequence of Appropriations made by law. - CORRECT
ANSWER-Article 1, Section 9


What give Congress the authority to make laws? -
CORRECT ANSWER-Article 1, Section 8 of the Constitution

, LATEST VERSION CDFM MODULE 1 EXAM 2023-2024 REAL EXAM 250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS)




The final step after the Conference Committee Resolution
after a measure has been passed in identical form by both
the House andSenate, it is considered to be what? -
CORRECT ANSWER-"Enrolled" (then sent to the president)


Who reviews the constitution for interpretation of the
constitution? - CORRECT ANSWER-Supreme Court


Who has the power to raise taxes given in Article 1 of the
Constitution? - CORRECT ANSWER-Congress (Legislative
Branch)


What does the Congress of the US consist of? - CORRECT
ANSWER-Senate (6 yrs); House (2 yrs)


All bills for raising Revenue shall originate where? But the
Senate may propose or concur with Amendments as on
other Bills. - CORRECT ANSWER-House of Representative

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