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CDFM MODULE 1 Test - Questions and Answers 100% Correct 2023 Latest

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CDFM MODULE 1 Test | Questions and Answers 100% Correct 2023 Latest. What prevents Congress and the President from unilaterally making laws and treaties? - correct answersSeparation of Power What give Congress the authority to make laws? - correct answersArticle 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - correct answersSupreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - correct answersCongress (Legislative Branch) What does the Congress of the US consist of? - correct answersSenate (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 answersHouse of Representative To be able to override a presidential veto, the House has to have a majority to pass the bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the Bill becomes Law. What is the percentage the vote has to pass by in both the House & Senate? - correct answers2/3 and 2/3 If any Bill shall not be returned by the President after it has been presented to him, the Same shall be a law. How many days? - correct answers10 Days Who has the power to lay and collect taxes, duties, imposts and Excises to pay the debts and provide for the common defense and general welfare of the United States. - correct answersCongress Article 1, Section 8 of the Constitution allows for what? - correct answers1) borrow money on credit 2) regulate commerce; 3) Coin money; 4) Constitute Tribunals; 5) Declare War; 6) Raise and support Armies; 7) provide and maintain Navy; 8) Make Rules for Government Regulation of land and naval forces; 9) Provide for calling forth Militia; 10) to make all laws No money shall be drawn from the Treasury, but in the Consequence of Appropriations made by law. - correct answersArticle 1, Section 9 Once the money officially and legally gets into the Treasury, to be able to use the money, what does Congress have to do? - correct answersWrite a Law Gives executive power to the President to be the Commander in Chief and to execute the laws - correct answersArticle 2 Executive Branch The President has the power to nominate and with the advice and consent of the Senate, shall appoint these officials. Name 2? - correct answersAmbassadors & Supreme Court Judges How often does the President give to Congress the State of the Union (Jan/Feb) time frame. - correct answersOnce year Who and what branch is responsibly for faithfully executing the laws enacted by Congress (Legislative Branch)? - correct answersPresident (Executive Branch) The Supreme Court does not deal in the matter of what? - correct answersState Laws A new Congress convenes for two years following the November general elections, it consists of how many sessions, and each in what duration? - correct answers2 sessions; 1 year duration This may originate either in the House of Representatives or in the Senate. There is little practice difference between a bill and a " ", once agree, it goes to the President for signature. - correct answersJoint Resolution Matters affecting the operation of the House & Senate and both chambers agree, does not go to the President for signature. - correct answersConcurrent Resolution The House and Senate can each write an matter concerning the operation on its own. Applies to the chamber that created it. Knows as the H.Res & S.Res - correct answersSimple Resolution During the State of The Union, what message is the President giving? - correct answersState of Union, recommend measures necessary and expedient Can an Executive Branch Department pass legislation with the approval of OMB and on Behalf of the president, to a congressional committee or subcommittee - correct answersYes, but must be approved by OMB Who resolves differences between the HR and the Senate? - correct answersConference Committee (Third Chamber) What is usually the first step in the process for consideration by committee? - correct answersPublic Hearing When a Conference Committee is convened dealing with an amendment, what can the conferees do and not do? - correct answersOnly deal with matters in disagreement; cannot insert new matter or leave out matter agreed on 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 answers"Enrolled" (then sent to the president) What was declared unconstitutional in 1998 with respect to Presidential Veto? - correct answersLine Item Veto If the President Veto a Bill, it is returned to the house of original acting first. If the Bill does not receive 2/3 vote, it is sustained and the bill fails to become law. If it receives the required 2/3 vote, an endorsement to the effect is made on the back of the bill and it is then transmitted, with the accompany message, the to the second house for its action. What has to happen for the Bill to become Law? - correct answersThe next house has to pass it with a 2/3 vote to become law. Who is responsible for the 3 phases of the Budget Cycle? - correct answersOMB What are the 3 Phases of the Budget Cycle? - correct answersBudget Formulation, Congressional Action and Budget Execution Who does the Federal budget belong to? - correct answersThe President The Budget Formulation processed is governed by this? - correct answersOMB Circular A-11 OMB Circular A-11 sets out the promises of the president - correct answersPresidential Priorities What are the six major steps in the budget formulation process laid out in OMB Circular A-11? - correct answers1) OMB Issues guidance; 2) Organization develops draft; 3) Agency submit budget estimates to OMB; 4) OMB hold hearings on Agency Budgets; 5) President makes final decisions on Agency budgets; 6) President transmits the budget to Congress. What organization is responsible for helping the President with spending policy, managing the executive budget, and providing advice an dangles on a broad range of topics? - correct answersAdditional OMB Duties The President is responsible to transmit the budget of the US government to congress NLT when? - correct answers1st 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 answersCongressional 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 answersAppropriation In the Congressional Action Phase, who holds hearing in January in preperation for drafting the concurrent resolution of the budget? - correct answersBudget Committees Budget Committees this to their respective houses. The resolution sets spending revenue and other budget targets for the upcoming fiscal year. - correct answersConcurrent 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 answersScorekeeping What data does scorekeeping track? - correct answersbudget authority, receipts, outlays, surplus or deficit, and the public debt This resolution fixes new budget authority and outlay target and establishes target for the Gross National Debt, revenues, and surplus/deficit. - correct answersBudget Resolution This resolution does not require the signature of the President. It is the first step in the Congressional Budget Process. - correct answersConcurrent Budget Resolution This Bill may not exceed the ceilings set in the CBR w/out a 60% majority vote of the entire congress & CBO monitors for compliance. - correct answersAnnual Appropriation Bill Defense, Military Construction/Veterans Affairs & Energy and Water - correct answersDefense Relates Appropriations Acts When a statutes language is not clear as written, the best place to go for interpretation of the law is where? - correct answersLegislative History Who will provide DoDs position on appeal items? - correct answersSECDEF Amends the budgets submission prior to completion of a congressional act....they have been submitted but not yet processed by congress - correct answersBudget Amendments Normally transmitted to Congress as requests to provide funds in addition to amounts already appropriated for the ongoing fiscal year. - correct answersSupplmental Requests What provides budget authority for specific ongoing activities for a specific period of time? - correct answersContinuing Resolution (CR) Budget authority and the availability of budgetary resources for obligation and expenditure are limited by the following elements. - correct answersTime, Purpose & Amount The period of time of that the budget resources may incur new obligations is different from the period of time during which budgetary resources may be used to insure expenditures. - correct answersTime This is distributed by OMB as part of the apportionment process. - correct answersBudget Authority This process begins with the President's signature on the appropriations bill. - correct answersBudget Execution Process

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CDFM - Certified Defense Financial Manager
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