1/29/25, 8:48 AM FOB105 FM Body of Knowledge (FMBOK) (2025)Actual Exam Test|COMPLETE QUESTIONS WITH VERIFIED ANSWERS Wi…
FOB105 FM Body of Knowledge (FMBOK)
(2025)Actual Exam Test|COMPLETE QUESTIONS
WITH VERIFIED ANSWERS With rationales
(100% Accurate Solutions)|GET IT A+!!
Save
Terms in this set (110)
In a typical wing structure, who is responsible for
Comptroller Squadron the use of wing financial services for military and
civilian personnel?
The ____________ operates the wing's primary mission
Operations Group
weapons system.
Regulates the daily Which is a function of a Cost Center Manager
consumption of (CCM)?
resources
Manages the budget, Which is a function of the Financial Management
cost, and accounting Analysis (FMA) Officer?
functions for the base
The ______________ includes top-level managers, with
FMB (Financial membership tailored to the type of organization
Management Board) structure involved to determine priorities and
ensure effective allocation of resources
Financial Management The _____________ is the Chairperson of the Financial
Analysis Officer Working Group (FWG).
In a typical wing organization, Responsibility Center
Group Commanders
Managers (RCMs) are usually _____________.
https://quizlet.com/998734953/fob105-fm-body-of-knowledge-fmbok-2025actual-exam-testcomplete-questions-with-verified-answers-with-rationa… 1/10
, 1/29/25, 8:48 AM FOB105 FM Body of Knowledge (FMBOK) (2025)Actual Exam Test|COMPLETE QUESTIONS WITH VERIFIED ANSWERS Wi…
The ______________ provides a way to establish priorities,
Resource Management
choose policies, and act to get the desired results
System
and required resources at an acceptable cost.
Cost Center Managers (CCMs) are usually at the
Squadron
_____________ level.
Base/unit level The Financial Working Group (FWG) manages
operations activities commodities and resources integral to:
"The established rule that is expenditure of public
Legislative Authority funds is proper only when authorized by Congress,"
describes:
_____________ has the ability to appropriate funds to be
Congress
spent by the federal government.
The three main elements that must be reviewed and
Purpose, Time, and
we must ensure are properly examined before funds
Amount
are obligated are:
To apply reasonable discretion and flexibility, the
Government Accountability Office (GAO)
Necessary Expense Rule
developed the concept known as the _______________
which consists of a three-part test.
The bona fida needs rule, as it pertains to supplies,
states that generally. agencies must obligate funds
from the fiscal year in which the supplies is if you are
maintaining a stock of commonly used supplies
True
(inventory), you are permitted to replenish those
stocks using current funding even if you may not use
those supplies until the following fiscal year to avoid
an interruption of operations.
A(n) ________________ appropriation is to remain available
No-year
until expended without fiscal year limitation.
Under the "Seperation of Powers" doctrine,
Congress ________________ has the final word on how much money
can be spent by given agency or program.
The ADA imposes prohibitions (fiscal controls) at
True three levels: Appropriation Level, Apportionment
Level, Formal Subdivision Level.
https://quizlet.com/998734953/fob105-fm-body-of-knowledge-fmbok-2025actual-exam-testcomplete-questions-with-verified-answers-with-rationa… 2/10
FOB105 FM Body of Knowledge (FMBOK)
(2025)Actual Exam Test|COMPLETE QUESTIONS
WITH VERIFIED ANSWERS With rationales
(100% Accurate Solutions)|GET IT A+!!
Save
Terms in this set (110)
In a typical wing structure, who is responsible for
Comptroller Squadron the use of wing financial services for military and
civilian personnel?
The ____________ operates the wing's primary mission
Operations Group
weapons system.
Regulates the daily Which is a function of a Cost Center Manager
consumption of (CCM)?
resources
Manages the budget, Which is a function of the Financial Management
cost, and accounting Analysis (FMA) Officer?
functions for the base
The ______________ includes top-level managers, with
FMB (Financial membership tailored to the type of organization
Management Board) structure involved to determine priorities and
ensure effective allocation of resources
Financial Management The _____________ is the Chairperson of the Financial
Analysis Officer Working Group (FWG).
In a typical wing organization, Responsibility Center
Group Commanders
Managers (RCMs) are usually _____________.
https://quizlet.com/998734953/fob105-fm-body-of-knowledge-fmbok-2025actual-exam-testcomplete-questions-with-verified-answers-with-rationa… 1/10
, 1/29/25, 8:48 AM FOB105 FM Body of Knowledge (FMBOK) (2025)Actual Exam Test|COMPLETE QUESTIONS WITH VERIFIED ANSWERS Wi…
The ______________ provides a way to establish priorities,
Resource Management
choose policies, and act to get the desired results
System
and required resources at an acceptable cost.
Cost Center Managers (CCMs) are usually at the
Squadron
_____________ level.
Base/unit level The Financial Working Group (FWG) manages
operations activities commodities and resources integral to:
"The established rule that is expenditure of public
Legislative Authority funds is proper only when authorized by Congress,"
describes:
_____________ has the ability to appropriate funds to be
Congress
spent by the federal government.
The three main elements that must be reviewed and
Purpose, Time, and
we must ensure are properly examined before funds
Amount
are obligated are:
To apply reasonable discretion and flexibility, the
Government Accountability Office (GAO)
Necessary Expense Rule
developed the concept known as the _______________
which consists of a three-part test.
The bona fida needs rule, as it pertains to supplies,
states that generally. agencies must obligate funds
from the fiscal year in which the supplies is if you are
maintaining a stock of commonly used supplies
True
(inventory), you are permitted to replenish those
stocks using current funding even if you may not use
those supplies until the following fiscal year to avoid
an interruption of operations.
A(n) ________________ appropriation is to remain available
No-year
until expended without fiscal year limitation.
Under the "Seperation of Powers" doctrine,
Congress ________________ has the final word on how much money
can be spent by given agency or program.
The ADA imposes prohibitions (fiscal controls) at
True three levels: Appropriation Level, Apportionment
Level, Formal Subdivision Level.
https://quizlet.com/998734953/fob105-fm-body-of-knowledge-fmbok-2025actual-exam-testcomplete-questions-with-verified-answers-with-rationa… 2/10
