CDFM MODULE 1 EXAM WITH QUESTIONS AND CORRECT
ANSWERS || LATEST UPDATE 2024/2025
Genesis of US federal process can be traced to these events - CORRECT
ANSWER Declaration of independence, Articles of Confederation, Constitution
ratified by 9 states, constitution took effect.
What did amendment to articles of confederation require? - CORRECT
ANSWER Unanimous approval of all the states
Essential principle of constitution? - CORRECT ANSWER Everything you do
must be legal in purpose, time and amount.
What are the first 10 amendments to the consitution called? - CORRECT
ANSWER Bill of rights
What does Article 1, Section 8 of the Constitution state? - CORRECT 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? - CORRECT ANSWER We the people, through elections.
What constitutional amendment is known as states rights? - CORRECT
ANSWER Amendment 10
,First required president to submit annual budget proposal to congress AND
established OMB/GAO? - CORRECT 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? -
CORRECT ANSWER 1974 Congressional Budget and Impoundment Control Act
What prohibts the president from witholding funds without sufficient reason? -
CORRECT ANSWER Impoundment Control Act of 1974
Used for matters affecting the operations of BOTH! the house and the senate, does
not go to president for signature? - CORRECT ANSWER Concurrent resolution
(1) Established deficit reduction goals aimed at a balanced budget in FY 1991 -
CORRECT ANSWER 1985 Balanced Budget and Emergency Deficit Control Act
What act divided spending into mandatory and discretionary; also established pay
as you go entitlement? - CORRECT ANSWER 1990 Budget Enforcement Act
(1) Changed way budgets are to be justified and managed
(2) focused budget process on planning
(3) required agencies to submit strategic plans by September 30
(4) required annual performance plans - CORRECT ANSWER 1993 Government
Performance and Results Act
Annual performance plan requires OMB to establish federal priority goals and
agencies to establish priority goals. - CORRECT ANSWER 2010 GPRA
Modernization Act
,(1) Put in place 3 phased process to increase debt ceiling
(2) Mandated a vote on constitutional Balanced Budget amendment - CORRECT
ANSWER 2011 Budget Control Act
Used for matters affecting the operations of EITHER! the house and the senate,
does not go to president for signature? - CORRECT ANSWER Simple resolution
What are the three phases of the budget cycle? - CORRECT ANSWER Budget
formulation, Congressional action, Budget Execution
What Act states the president must submit to congress his proposed budget for the
next fiscal year by the first monday in february? - CORRECT ANSWER 1974
Congressional Budget Act
What is it called when OMB reviews an agencies budget returns it to the agency
with or without funding changes? This can be appealed to the president by the
agency head? - CORRECT ANSWER Passback
Defined in OMB Circular A-11 as the lowest level of budgetary formulation? -
CORRECT ANSWER Object class
How many appropriations acts are there? - CORRECT ANSWER 12
What are the three steps in the Budget Enactment process? - CORRECT
ANSWER Budget Resolution Process, Authorization Process, Appropriations
Process
, What happens during Budget Resolution Process? - CORRECT ANSWER OMB
and Secretary of the Treasury appear before the house budget committee and
senate budget committee to explain basis for budget proposals. Ends with a
concurrent budget resolution.
What do HASC and SASC primarily do for the DOD? - CORRECT ANSWER
Authorizations process
What do the HAC and SAC primarily do for the entire federal government? -
CORRECT ANSWER Appropriations process
What organization conducts score keeping for congress during budget resultion
phase? - CORRECT ANSWER Congressional budget office
High level overall budget plan passed by the house and senate for the federal
government, by law to be completed by april 15th, does not require presidents
signature - CORRECT ANSWER Concurrent budget resolution
Is the NDAA a bill? - CORRECT ANSWER yes it is a bill
How do agencies request apportionment from OMB after the appropriations bill is
passed? - CORRECT ANSWER SF 132
Quartly reports of expenditures from agencies to OMB using what form? -
CORRECT ANSWER SF 133
What is the hierarchy of laws managing funds? - CORRECT ANSWER 31 USC
1514, OMB Circular A-123, DOD FMR Volume 14
ANSWERS || LATEST UPDATE 2024/2025
Genesis of US federal process can be traced to these events - CORRECT
ANSWER Declaration of independence, Articles of Confederation, Constitution
ratified by 9 states, constitution took effect.
What did amendment to articles of confederation require? - CORRECT
ANSWER Unanimous approval of all the states
Essential principle of constitution? - CORRECT ANSWER Everything you do
must be legal in purpose, time and amount.
What are the first 10 amendments to the consitution called? - CORRECT
ANSWER Bill of rights
What does Article 1, Section 8 of the Constitution state? - CORRECT 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? - CORRECT ANSWER We the people, through elections.
What constitutional amendment is known as states rights? - CORRECT
ANSWER Amendment 10
,First required president to submit annual budget proposal to congress AND
established OMB/GAO? - CORRECT 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? -
CORRECT ANSWER 1974 Congressional Budget and Impoundment Control Act
What prohibts the president from witholding funds without sufficient reason? -
CORRECT ANSWER Impoundment Control Act of 1974
Used for matters affecting the operations of BOTH! the house and the senate, does
not go to president for signature? - CORRECT ANSWER Concurrent resolution
(1) Established deficit reduction goals aimed at a balanced budget in FY 1991 -
CORRECT ANSWER 1985 Balanced Budget and Emergency Deficit Control Act
What act divided spending into mandatory and discretionary; also established pay
as you go entitlement? - CORRECT ANSWER 1990 Budget Enforcement Act
(1) Changed way budgets are to be justified and managed
(2) focused budget process on planning
(3) required agencies to submit strategic plans by September 30
(4) required annual performance plans - CORRECT ANSWER 1993 Government
Performance and Results Act
Annual performance plan requires OMB to establish federal priority goals and
agencies to establish priority goals. - CORRECT ANSWER 2010 GPRA
Modernization Act
,(1) Put in place 3 phased process to increase debt ceiling
(2) Mandated a vote on constitutional Balanced Budget amendment - CORRECT
ANSWER 2011 Budget Control Act
Used for matters affecting the operations of EITHER! the house and the senate,
does not go to president for signature? - CORRECT ANSWER Simple resolution
What are the three phases of the budget cycle? - CORRECT ANSWER Budget
formulation, Congressional action, Budget Execution
What Act states the president must submit to congress his proposed budget for the
next fiscal year by the first monday in february? - CORRECT ANSWER 1974
Congressional Budget Act
What is it called when OMB reviews an agencies budget returns it to the agency
with or without funding changes? This can be appealed to the president by the
agency head? - CORRECT ANSWER Passback
Defined in OMB Circular A-11 as the lowest level of budgetary formulation? -
CORRECT ANSWER Object class
How many appropriations acts are there? - CORRECT ANSWER 12
What are the three steps in the Budget Enactment process? - CORRECT
ANSWER Budget Resolution Process, Authorization Process, Appropriations
Process
, What happens during Budget Resolution Process? - CORRECT ANSWER OMB
and Secretary of the Treasury appear before the house budget committee and
senate budget committee to explain basis for budget proposals. Ends with a
concurrent budget resolution.
What do HASC and SASC primarily do for the DOD? - CORRECT ANSWER
Authorizations process
What do the HAC and SAC primarily do for the entire federal government? -
CORRECT ANSWER Appropriations process
What organization conducts score keeping for congress during budget resultion
phase? - CORRECT ANSWER Congressional budget office
High level overall budget plan passed by the house and senate for the federal
government, by law to be completed by april 15th, does not require presidents
signature - CORRECT ANSWER Concurrent budget resolution
Is the NDAA a bill? - CORRECT ANSWER yes it is a bill
How do agencies request apportionment from OMB after the appropriations bill is
passed? - CORRECT ANSWER SF 132
Quartly reports of expenditures from agencies to OMB using what form? -
CORRECT ANSWER SF 133
What is the hierarchy of laws managing funds? - CORRECT ANSWER 31 USC
1514, OMB Circular A-123, DOD FMR Volume 14
