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CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS (DETAILED SOLUTIONS)

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CDFM MODULE 1 EXAM What prevents Congress and the President from unilaterally making laws and treaties? - Answer Separation of Power What give Congress the authority to make laws? - Answer Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - Answer Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - Answer Congress (Legislative Branch) What does the Congress of the US consist of? - 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. - Answer House 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? - Answer 2/3 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? - Answer 10 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. - Answer Congress Article 1, Section 8 of the Constitution allows for what? - Answer 1) 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. - Answer Article 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? - Answer Write a Law Gives executive power to the President to be the Commander in Chief and to execute the laws - Answer Article 2 Executive Branch

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CDFM - Certified Defense Financial Manager
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CDFM - Certified Defense Financial Manager
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CDFM - Certified Defense Financial Manager

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