CDFM Module 1 Exam Questions with All Correct Answers

Genesis of US federal process can be traced to these events - ANSWER Declaration of independence, Articles of Confederation, Constitution ratified by 9 states, constitution took effect. What did amendment to articles of confederation require? - ANSWER Unanimous approval of all the states Essential principle of constitution? - ANSWER Everything you do must be legal in purpose, time and amount. What are the first 10 amendments to the consitution called? - ANSWER Bill of rights What does Article 1, Section 8 of the Constitution state? - ANSWER Congress shall have the authority to make all laws which shall be necessary and proper for carrying into execution. What does the preamble to the constitution of the US begin with and how do we exercise its sentiment? - ANSWER We the people, through elections. What constitutional amendment is known as states rights? - ANSWER Amendment 10 First required president to submit annual budget proposal to congress AND established OMB/GAO? - ANSWER 1921 Budget and Accounting Act What act shifted congress to focus on overall budgt totals, created new budget committees in each house and shifted the fiscal year from July to October? - ANSWER 1974 Congressional Budget and Impoundment Control Act What prohibts the president from witholding funds without sufficient reason? - ANSWER Impoundment Control Act of 1974