GCSS-Army Finance Sustainment Questions with 100% Correct Answers | Latest Version 2024 | Verified | Ace the Test

1. Financial Management tasks that are carried out in GCSS-Army fall under which of the following categories: d. All of the above 2. The amount of an order placed, contract awarded, service received, or other transaction which legally reserves a specific amount of an appropriation or fund for a future expenditure is defined as a(n): b. Obligation 3. An organizational unit of responsibility where costs can accumulate and be reported is known as a(n): a. Funds Center 4. True or False? The GCSS-Army term for an organization that is authorized to receive funding is known as the Fund Center. a. True 5. Which of the following is an example of how Finance affects Spending Chain events? b. Finance ensures that budget is available for purchase requisitions