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MOD 3 CA 1 FISCAL LAW KNOWLEDGE CHECK QUESTIONS WITH CORRECT ANSWERS

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MOD 3 CA 1 FISCAL LAW KNOWLEDGE CHECK QUESTIONS WITH CORRECT ANSWERS

Institution
Fiscal Law
Course
Fiscal Law

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Who grants relief of liability to a certifying officer for erroneous or illegal payments in
the Department of Defense?


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The Defense Finance and Accounting Service (DFAS)




Operations and Maintenance (O&M) is an example of what type of appropriation?


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Annual appropriation




Who are determined to be accountable individuals in the Department of Defense?

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Certifying and Disbursing Officers and Departmental Accountable Officals




What agency apportions funds for a working capital fund?


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The Office of Management and Budget (OMB)




What does sequestration of federal funds mean?


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Concerns automatic cuts in federal spending that occur through the
withdrawal of funding for certain government programs, such as has
occurred resulting from the Gramm-Rudman-Hollings Act and the Budget
Control Act of 2011




RDT&E is an example of what type of appropriation?


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Multi-year appropriation




What are the basic types of budget authority used in the Federal Government?

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