CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
Federal Budget - (ANSWERS)President's Budget
1974 Congressional Budget Act - (ANSWERS)Requires that the President submits the budget to
Congress by the first Monday in February
OMB Circular A-11 - (ANSWERS)Governs the budget formulation process
Pocket Veto - (ANSWERS)If Congress is adjourned and the President fails to sign a bill during
the 10 day period, that bill does not become law.
Enrolled - (ANSWERS)After a measure has been passed in identical form by both the House and
Senate
Conference Committees - (ANSWERS)Very powerful and have often been referred to as 'the
third chamber of the Congress
Engrossed Bill - (ANSWERS)After a bill has passed one body (House or Senate)
Joint Resolutions - (ANSWERS)May originate in the House or Senate. If originating in the House
is designated "H.J.Res". If originating in the Senate is designated "S.J.Res".
Article 1 of Constitution - (ANSWERS)Established the Legislative Branch- Congress. Powers to
raise taxes, borrow money, regulate commerce, conscript forces, declare war, and raise and
support armies.
Legislative, Judicial, Executive - (ANSWERS)The three Branches of the government that the
Constitution established
Articles of Confederation - (ANSWERS)Predecessor to the Constitution
Congress - (ANSWERS)Where Laws are Enacted
Article 1 - (ANSWERS)The part of the Constitution that gives power to raise taxes.
Legislative, Judical, Executive - (ANSWERS)The Constitution create what the branches of the
government.?
Article 1 Section 8 - (ANSWERS)Gives Congress the authority to make all laws which shall be
necessary and proper for carrying into Exectuion.
23% - (ANSWERS)The percentage of Gross Domestic Product (GDP) that is Federal Spending in
FY12
, CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
36% - (ANSWERS)Percentage (%) of Federal spending this discretionary spending
Executive Branch - (ANSWERS)Branch of government that implements laws
Legislative Branch (Congress) - (ANSWERS)Branch of government that is authorized to raise
taxeds and borrow money
Conference Committee - (ANSWERS)Committees that attempt to resolve differences between
the House and Senate versions of bills, sometimes called the 'Third Chamber'
Office of Management and Budget (OMB) - (ANSWERS)An Agency that issues directions for use
by other agencies in submitting their budget estimates
Appropriations Acts - (ANSWERS)Provides budgetary authroity
Allotment - (ANSWERS)Subdivision of an Apportionment
OMB - (ANSWERS)Issues approtionments
Legislative Branch - (ANSWERS)Branch of the government that conducts hearings on the
effectiveness of government programs, also known as Congress.
Federal Agencies - (ANSWERS)The organizations that actually prepare budget estimates in the
Federal budget process
Individual Income Taxes - (ANSWERS)The largest single source of Federal government tax
revenues
Supplemental - (ANSWERS)Requests for funds in addition to amounts already appropriated
Appropriation Warrant - (ANSWERS)Document issued by the Treasury Department following
the signature of the Appropriations Act
Deferral - (ANSWERS)Postponement in the use of appropriated funds
Recession - (ANSWERS)Cancellation of appropriated funds
Apportionment - (ANSWERS)DoD requests this after the appropriation is signed into law
Commitment - (ANSWERS)An administrative reservation of funds
Authorization Legislation - (ANSWERS)Gives a Federal agency the legal authority to operate a
program
ANSWERS)
Federal Budget - (ANSWERS)President's Budget
1974 Congressional Budget Act - (ANSWERS)Requires that the President submits the budget to
Congress by the first Monday in February
OMB Circular A-11 - (ANSWERS)Governs the budget formulation process
Pocket Veto - (ANSWERS)If Congress is adjourned and the President fails to sign a bill during
the 10 day period, that bill does not become law.
Enrolled - (ANSWERS)After a measure has been passed in identical form by both the House and
Senate
Conference Committees - (ANSWERS)Very powerful and have often been referred to as 'the
third chamber of the Congress
Engrossed Bill - (ANSWERS)After a bill has passed one body (House or Senate)
Joint Resolutions - (ANSWERS)May originate in the House or Senate. If originating in the House
is designated "H.J.Res". If originating in the Senate is designated "S.J.Res".
Article 1 of Constitution - (ANSWERS)Established the Legislative Branch- Congress. Powers to
raise taxes, borrow money, regulate commerce, conscript forces, declare war, and raise and
support armies.
Legislative, Judicial, Executive - (ANSWERS)The three Branches of the government that the
Constitution established
Articles of Confederation - (ANSWERS)Predecessor to the Constitution
Congress - (ANSWERS)Where Laws are Enacted
Article 1 - (ANSWERS)The part of the Constitution that gives power to raise taxes.
Legislative, Judical, Executive - (ANSWERS)The Constitution create what the branches of the
government.?
Article 1 Section 8 - (ANSWERS)Gives Congress the authority to make all laws which shall be
necessary and proper for carrying into Exectuion.
23% - (ANSWERS)The percentage of Gross Domestic Product (GDP) that is Federal Spending in
FY12
, CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
36% - (ANSWERS)Percentage (%) of Federal spending this discretionary spending
Executive Branch - (ANSWERS)Branch of government that implements laws
Legislative Branch (Congress) - (ANSWERS)Branch of government that is authorized to raise
taxeds and borrow money
Conference Committee - (ANSWERS)Committees that attempt to resolve differences between
the House and Senate versions of bills, sometimes called the 'Third Chamber'
Office of Management and Budget (OMB) - (ANSWERS)An Agency that issues directions for use
by other agencies in submitting their budget estimates
Appropriations Acts - (ANSWERS)Provides budgetary authroity
Allotment - (ANSWERS)Subdivision of an Apportionment
OMB - (ANSWERS)Issues approtionments
Legislative Branch - (ANSWERS)Branch of the government that conducts hearings on the
effectiveness of government programs, also known as Congress.
Federal Agencies - (ANSWERS)The organizations that actually prepare budget estimates in the
Federal budget process
Individual Income Taxes - (ANSWERS)The largest single source of Federal government tax
revenues
Supplemental - (ANSWERS)Requests for funds in addition to amounts already appropriated
Appropriation Warrant - (ANSWERS)Document issued by the Treasury Department following
the signature of the Appropriations Act
Deferral - (ANSWERS)Postponement in the use of appropriated funds
Recession - (ANSWERS)Cancellation of appropriated funds
Apportionment - (ANSWERS)DoD requests this after the appropriation is signed into law
Commitment - (ANSWERS)An administrative reservation of funds
Authorization Legislation - (ANSWERS)Gives a Federal agency the legal authority to operate a
program
