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Correct answers for this assignment. Florida virtual financial literacy honors lesson 3.05 assignment

Comptrollers Fiscal Law & Accreditation Course Module I - Test Question 1 Due to increased operations in Afghanistan, the Army is running low on Hellfire missiles (air launch, antitank missile.) Having exhausted the Missile Procurement, Army appropriation, an enterprising comptroller recommends using funds from the Procurement of Ammunition, Army appropriation. His argument is that “missiles are a type of ammunition so we can use either.” Can the Army use the Procurement of Ammunition,...

Description: Test Bank for Fiscal Administration, Mikesell, 8e prepares you efficiently for your upcoming exams. It contains practice test questions tailored for your textbook. Fiscal Administration, Mikesell, 8e Test bank allow you to access quizzes and multiple choice questions written specifically for your course. The test bank will most likely cover the entire textbook. Thus, you will get exams for each chapter in the book. You can still take advatange of the test bank even thou...

True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - Answer- FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - Answer- 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. - Answer- 5 The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is ___...

CDFM ALL MODULES FISCAL LAW NEW REVIEW SOLUTION T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? The 2 provisions of the US Constitution that provide the underpinning for the budget process are? T/F? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires appropriations in law before money can be...

CLG 001_ Fiscal Law Exam version 2, Questions & Answers-Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. QUESTION 2 20 points ...

Fiscal Law Final Exam questions with correct answers /Fiscal Law Final Exam questions with correct answers /Fiscal Law Final Exam questions with correct answers /Fiscal Law Final Exam questions with correct answers

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

CDFM - Certified Defense Financial Manager Basic Axiom of Fiscal Law (the premise of fiscal law) correct answer: The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law correct answer: Which law: There is no law that says you can't do it. Fiscal Law correct answer: Which Law: You can only do what the law authorized you to do. Constitutional Authority: Article 1, sec...

CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS