DUA: BFM 2000 Applied Acquisition Financial Management Exam > Test 2 | Complete Questions and Answers | Latest 2025/26.

> Test Results: BFM 2000 Applied Acquisition Financial Management Exam > 209868 Which of the following statements best describes the purpose of the Acquisition Program Baseline (APB)? 243112 You are the lead BFM on Project TITAN and have realized that you have a funding shortfall. Given the following options, which is the best option for staying in alignment with Cost as an Independent Variable (CAIV) policy? 221610 Your Program Manager and cost estimators have quantified the risk for a project within the overall program; the cost estimator has identified some items with potentially unpredictable cost estimates. What should you, as the BFM, do to mitigate the cost risk? 221630 In which of the following aspects of a program's Acquisition Strategy is the Business Financial Manager likely to be involved? (Select two.) Correct 221640 As a BFM on Project PLUTO, when should you begin integrating your budget documents? 221655 Which of the following best describes the relationship between the Statement of Work and the Statement of Objectives when both are used for the same contractual effort? 221685 Resource Management Decisions (RMDs) occur most frequently during the execution phase of the PPBE process. Correct 221701 Which organization maintains the FYDP database? 243143 Which of the following is NOT a reason for which Budget Analysts on the OSD Comptroller staff review the budget exhibits submitted by the Components as part of the Program and Budget Review and the President’s Budget (PB)? 221727 It is August 2021. For your new program, you are in charge of the Research, Development, Test & Evaluation (RTD&E) funds. For you to receive your funding, when should each of the components provide OUSD(C) their Budget Estimate Submission (BES)? 221742 Today is August 4, 2021, and your Program Manager needs to know what the funds will be used for in FY22. Given Exhibit R-2A, shown here, what do you tell him? (Select two.) 221732 Today is August 4, 2021, your Requirements Officer (RO), CDR Jackson, asked you to determine total budget authority you are planning to request for 2023 to buy your allotted number of X-86 Helicopters. Given the Exhibit P-40 shown here, what do you tell her? 221747 You are the BFM for the X-86 Helicopter Program Office. You receive a phone call from the OSD Comptroller, who wants to confirm your total budget amount for Initial Spares (in ID Question Correct $M) for FY22. Given the P-40 Budget Exhibit shown here (which you previously prepared), how would you respond? 221758 You are starting a new fiscal year and are excited for the Appropriation bill to be signed. Unfortunately, Congress did not pass the Appropriation bill in time for the start of the fiscal year, although the President did sign a Continuing Resolution (CR) bill. Under the CR, you will be limited to which of the following? 243154 Which of the following would normally NOT be permitted under a Continuing Resolution? (Select three.) 221798 Which of the following statements are true concerning the authorization phase of the budget enactment process? (Select two.) Incorrect 221823 The President's Budget requested $319 million for DoD's REDBIRD Program. The House Armed Services Committee has decided to grant REDBIRD $325 million, while the Senate Armed Services Committee has decided to grant REDBIRD $314 million. To whom should DoD now appeal and for how much? 221828 The President signed the Appropriation bill on 1 October 2021, and you are under pressure to submit your funding documents. Which of the following is required before you can submit them? 226994 As a BFM in the Program Office, you are eagerly awaiting the Apportionment process to start so that you can get Budget Authority. What needs to occur before the Apportionment process begins so that you can submit your funding documents? 221848 You are the BFM in your Program Office. When should you expect to receive your Procurement apportionment?