1
CDFM Exam 1 Study Set 2025/2026
Exam Questions with 100% Correct
Answers | Latest Update
Competency 1: Gov't Resource Management Environment - 🧠 ANSWER ✔✔...
OMB Circular A-11 - 🧠 ANSWER ✔✔Preparation & Submission of Budget
Estimates
OMB Circular A-76 - 🧠 ANSWER ✔✔Performance of Commercial Activities
OMB Circular A-123 - 🧠 ANSWER ✔✔Management's Responsibility for Internal
Control
OMB Circular A-136 - 🧠 ANSWER ✔✔Financial Reporting Requirements
What was precursor to Constitution? - 🧠 ANSWER ✔✔Articles Of Confederation
(1781)
What was required to amend the Art. Of Confed? - 🧠 ANSWER ✔✔Unanimous
approval from all states
When was Constitution Ratified? - 🧠 ANSWER ✔✔June 1788
1
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,2
What is the principle behind the separation of power between the 3 branches? - 🧠
ANSWER ✔✔Devised to allay the fear that a centralized government would lead
to tyranny
What is the essential principle of the Constitution? - 🧠 ANSWER ✔✔That the
government must be confined to the rule of law
What does the Constitution define as the fundamental law of the US Federal
Government? - 🧠 ANSWER ✔✔Set forth the 3 principal branches of the Federal
Government; outline their jurisdictions; propound the basic rights of US citizens
What Article lays out the rules for the Legislative Branch? - 🧠 ANSWER
✔✔Article I
What section of Article 1 allows Congress to levy taxes and establish District
Courts? - 🧠 ANSWER ✔✔Section 8
What Article lays out the rules for the Executive Branch? - 🧠 ANSWER ✔✔Article
2
What Article lays out the rules for the Judicial Branch? - 🧠 ANSWER ✔✔Article 3
Where are all revenue bills generated? - 🧠 ANSWER ✔✔House of Representatives
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,3
The President has how many days to act on a bill? - 🧠 ANSWER ✔✔10, excluding
Sundays or Holidays
What can override a Presidential veto of a bill? - 🧠 ANSWER ✔✔2/3 approval in
both chambers
Congress is adjourned and the President fails to sign a bill during the 10-day
period, that bill does not become law. - 🧠 ANSWER ✔✔Pocket Veto
What is important about Art I, Sec 9? - 🧠 ANSWER ✔✔No money is to be issued
from Treasury without an Appropriation law
A legislative proposal of a general nature, only allowed to be introduced by a
member of Congress, and must be reviewed by the President for approval into law
or rejected with a veto. - 🧠 ANSWER ✔✔Bill
Legislative proposal similar to a bill, frequently used to amend the Constitution ,
and can originate in either the House or Senate, and must be reviewed by the
President the same as a bill. - 🧠 ANSWER ✔✔Joint Resolution
Proposal to address matters that affect the operation of both the House and Senate,
does not go to the President for action. - 🧠 ANSWER ✔✔Concurrent Resolution
3
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, 4
Proposal to address matters that affect the operation of either the House or the
Senate, does not go to the President for action. - 🧠 ANSWER ✔✔Simple
Resolution
The bill that has passed one body, House or Senate, is called what? - 🧠 ANSWER
✔✔Engrossed bill
Committee appointed to resolve differences between bills approved in both the
House and Senate. Referred to as "the third chamber" of Congress. - 🧠 ANSWER
✔✔Conference committee
A bill that has passed the House and Senate in identical form to be sent to the
President for action is called what? - 🧠 ANSWER ✔✔Enrolled bill
What are the phases of the Federal Budget Process? - 🧠 ANSWER ✔✔Budget
formulation
Congressional Action
Budget Execution
The Federal Budget is the _____ Budget. - 🧠 ANSWER ✔✔The President's
4
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
CDFM Exam 1 Study Set 2025/2026
Exam Questions with 100% Correct
Answers | Latest Update
Competency 1: Gov't Resource Management Environment - 🧠 ANSWER ✔✔...
OMB Circular A-11 - 🧠 ANSWER ✔✔Preparation & Submission of Budget
Estimates
OMB Circular A-76 - 🧠 ANSWER ✔✔Performance of Commercial Activities
OMB Circular A-123 - 🧠 ANSWER ✔✔Management's Responsibility for Internal
Control
OMB Circular A-136 - 🧠 ANSWER ✔✔Financial Reporting Requirements
What was precursor to Constitution? - 🧠 ANSWER ✔✔Articles Of Confederation
(1781)
What was required to amend the Art. Of Confed? - 🧠 ANSWER ✔✔Unanimous
approval from all states
When was Constitution Ratified? - 🧠 ANSWER ✔✔June 1788
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
What is the principle behind the separation of power between the 3 branches? - 🧠
ANSWER ✔✔Devised to allay the fear that a centralized government would lead
to tyranny
What is the essential principle of the Constitution? - 🧠 ANSWER ✔✔That the
government must be confined to the rule of law
What does the Constitution define as the fundamental law of the US Federal
Government? - 🧠 ANSWER ✔✔Set forth the 3 principal branches of the Federal
Government; outline their jurisdictions; propound the basic rights of US citizens
What Article lays out the rules for the Legislative Branch? - 🧠 ANSWER
✔✔Article I
What section of Article 1 allows Congress to levy taxes and establish District
Courts? - 🧠 ANSWER ✔✔Section 8
What Article lays out the rules for the Executive Branch? - 🧠 ANSWER ✔✔Article
2
What Article lays out the rules for the Judicial Branch? - 🧠 ANSWER ✔✔Article 3
Where are all revenue bills generated? - 🧠 ANSWER ✔✔House of Representatives
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,3
The President has how many days to act on a bill? - 🧠 ANSWER ✔✔10, excluding
Sundays or Holidays
What can override a Presidential veto of a bill? - 🧠 ANSWER ✔✔2/3 approval in
both chambers
Congress is adjourned and the President fails to sign a bill during the 10-day
period, that bill does not become law. - 🧠 ANSWER ✔✔Pocket Veto
What is important about Art I, Sec 9? - 🧠 ANSWER ✔✔No money is to be issued
from Treasury without an Appropriation law
A legislative proposal of a general nature, only allowed to be introduced by a
member of Congress, and must be reviewed by the President for approval into law
or rejected with a veto. - 🧠 ANSWER ✔✔Bill
Legislative proposal similar to a bill, frequently used to amend the Constitution ,
and can originate in either the House or Senate, and must be reviewed by the
President the same as a bill. - 🧠 ANSWER ✔✔Joint Resolution
Proposal to address matters that affect the operation of both the House and Senate,
does not go to the President for action. - 🧠 ANSWER ✔✔Concurrent Resolution
3
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STATEMENT. ALL RIGHTS RESERVED
, 4
Proposal to address matters that affect the operation of either the House or the
Senate, does not go to the President for action. - 🧠 ANSWER ✔✔Simple
Resolution
The bill that has passed one body, House or Senate, is called what? - 🧠 ANSWER
✔✔Engrossed bill
Committee appointed to resolve differences between bills approved in both the
House and Senate. Referred to as "the third chamber" of Congress. - 🧠 ANSWER
✔✔Conference committee
A bill that has passed the House and Senate in identical form to be sent to the
President for action is called what? - 🧠 ANSWER ✔✔Enrolled bill
What are the phases of the Federal Budget Process? - 🧠 ANSWER ✔✔Budget
formulation
Congressional Action
Budget Execution
The Federal Budget is the _____ Budget. - 🧠 ANSWER ✔✔The President's
4
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
