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FOB105-FM Body of Knowledge: Module 1 Questions And Answers Latest Updates

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In a typical wing organization, Responsibility Center Managers (RCMs) are usually__________________ - ️️Group Commanders The _____________ is the Chairperson of the Financial Working Group (FWG). - ️️Financial Management Analysis Officer In a typical wing structure, who is responsible for the use of wing financial services for military and civilian personnel? - ️️Comptroller Squadron Operates the wing's primary mission weapons system. - ️️Operations Group Regulates the daily consumption of resources. - ️️Function of a Cost Center Manager (CCM) The ______________ provides a way to establish priorities, choose policies, and act to get the desired results and required resources at an acceptable cost. - ️️Resource Management System Cost Center Managers (CCMs) are usually at the _________________ level. - ️️Squadron The Financial Working Group (FWG) manages commodities and resources integral to: - ️️Base/unit level operations activities The ______________ includes top-level managers, with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocation of resources - ️️FMB (Financial Management Board) Manages the budget, cost, and accounting functions for the base. - ️️Function of the Financial Management Analysis (FMA) Officer

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FOB105-FM Body of Knowledge: Module
1
In a typical wing organization, Responsibility Center Managers (RCMs) are
usually__________________ - ✔️✔️Group Commanders


The _____________ is the Chairperson of the Financial Working Group (FWG). -
✔️✔️Financial Management Analysis Officer


In a typical wing structure, who is responsible for the use of wing financial services for
military and civilian personnel? - ✔️✔️Comptroller Squadron

Operates the wing's primary mission weapons system. - ✔️✔️Operations Group

Regulates the daily consumption of resources. - ✔️✔️Function of a Cost Center
Manager (CCM)

The ______________ provides a way to establish priorities, choose policies, and act to
get the desired results and required resources at an acceptable cost. - ✔️✔️Resource
Management System

Cost Center Managers (CCMs) are usually at the _________________ level. -
✔️✔️Squadron

The Financial Working Group (FWG) manages commodities and resources integral to: -
✔️✔️Base/unit level operations activities


The ______________ includes top-level managers, with membership tailored to the
type of organization structure involved to determine priorities and ensure effective
allocation of resources - ✔️✔️FMB (Financial Management Board)

Manages the budget, cost, and accounting functions for the base. - ✔️✔️Function of
the Financial Management Analysis (FMA) Officer

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