DFMC 24A Mid-Course exam with
complete solutions
Confronting Conflict Resolution Technique Pro/Con - ANSWER- Pro: identifies a
problem's root cause; Con: requires a give & take attitude/open dialogue
Collaborating Conflict Resolution Technique Pro/Con - ANSWER- Pro: combines
ideas & viewpoints from several people/different perspectives; Con: leads to
general agreement & commitment to a solution among team members and not all
needs are met 100% and time consuming
Compromising Conflict Resolution Technique Pro/Con - ANSWER- Pro: involves
negotiating a solution that will bring some degree of satisfaction to all parties
involved; Con: both parties must agree to give something up
Accommodating Conflict Resolution Technique Pro/Con - ANSWER- Pro:
prevents arguments or hard feelings; Con: emphasizes areas of agreement rather
than areas of difference and doesn't always address the issue
Forcing Conflict Resolution Technique Pro/Con - ANSWER- Pro: keeps things
moving; Con: involves pushing one point of view at the expense of others,
unpopular decisions are necessary, and one member "wins" and one member
"loses"
Avoiding (least affecting) Conflict Resolution Technique Pro/Con - ANSWER- Pro:
members have time to cool off, involves retreating from an actual or potential
conflict situation; Con: almost always counterproductive, as the conflict is
unlikely to go away
What is the overall goal of FIAR? - ANSWER- Improve the Department's financial
management operations, helping provide America's Service men and women with
, the resources they need to carry out their mission and improving our stewardship
of the resources entrusted to us by the taxpayers.
What does Audit Readiness mean? - ANSWER- Having the capabilities in place to
allow an auditor to scope and perform a full financial statement audit that results
in actionable feedback; Internal controls and supporting source documentation
According to Fiscal Law, who controls the budget? - ANSWER- Congress
What is Critical Thinking? - ANSWER- · A manner of thinking that employs
curiosity, creativity, skepticism, analysis and logic
· Critical thinking is reasonable, reflective, and aligned with intellectual standards
Why is Critical Thinking important? - ANSWER- · Critical thinking is using our
intelligence and knowledge to reach objective and rational viewpoints
· Rational processes = strong arguments
· Critical thinkers= better equipped to solve problems and support decision
making
What are Critical Thinking Tools? - ANSWER- · Brainstorming-generating ideas
by letting the mind think/work without interruption
· Fishbone (cause and effect)-enables team to look at true causes, not just
symptoms of problem
· Five "wise"-repeatedly ask the question "why"
What is Risk Analysis? - ANSWER- Process of assessing, communicating, and
managing the consequences of unfavorable events
What is the summary of Sensitivity Analysis? - ANSWER- Definition: quantifies
the outcomes of varying parameters; Advantages: quick & easy; Limitations:
rarely reflects reality
What is the summary of Scenario Analysis? - ANSWER- Definition: quantifies a
well-defined set of conditions, where parameters vary together; Advantages:
more deliberate & realistic selection of risks; Limitations: does not capture all
scenarios
What is the summary of Simulation/Monte Carlo? - ANSWER- Definition: a
statistical method to model uncertainty of all parameters; Advantages: most
realistic/flexible, encompasses sensitivity and scenario analysis; Limitations:
time & resource intensive
complete solutions
Confronting Conflict Resolution Technique Pro/Con - ANSWER- Pro: identifies a
problem's root cause; Con: requires a give & take attitude/open dialogue
Collaborating Conflict Resolution Technique Pro/Con - ANSWER- Pro: combines
ideas & viewpoints from several people/different perspectives; Con: leads to
general agreement & commitment to a solution among team members and not all
needs are met 100% and time consuming
Compromising Conflict Resolution Technique Pro/Con - ANSWER- Pro: involves
negotiating a solution that will bring some degree of satisfaction to all parties
involved; Con: both parties must agree to give something up
Accommodating Conflict Resolution Technique Pro/Con - ANSWER- Pro:
prevents arguments or hard feelings; Con: emphasizes areas of agreement rather
than areas of difference and doesn't always address the issue
Forcing Conflict Resolution Technique Pro/Con - ANSWER- Pro: keeps things
moving; Con: involves pushing one point of view at the expense of others,
unpopular decisions are necessary, and one member "wins" and one member
"loses"
Avoiding (least affecting) Conflict Resolution Technique Pro/Con - ANSWER- Pro:
members have time to cool off, involves retreating from an actual or potential
conflict situation; Con: almost always counterproductive, as the conflict is
unlikely to go away
What is the overall goal of FIAR? - ANSWER- Improve the Department's financial
management operations, helping provide America's Service men and women with
, the resources they need to carry out their mission and improving our stewardship
of the resources entrusted to us by the taxpayers.
What does Audit Readiness mean? - ANSWER- Having the capabilities in place to
allow an auditor to scope and perform a full financial statement audit that results
in actionable feedback; Internal controls and supporting source documentation
According to Fiscal Law, who controls the budget? - ANSWER- Congress
What is Critical Thinking? - ANSWER- · A manner of thinking that employs
curiosity, creativity, skepticism, analysis and logic
· Critical thinking is reasonable, reflective, and aligned with intellectual standards
Why is Critical Thinking important? - ANSWER- · Critical thinking is using our
intelligence and knowledge to reach objective and rational viewpoints
· Rational processes = strong arguments
· Critical thinkers= better equipped to solve problems and support decision
making
What are Critical Thinking Tools? - ANSWER- · Brainstorming-generating ideas
by letting the mind think/work without interruption
· Fishbone (cause and effect)-enables team to look at true causes, not just
symptoms of problem
· Five "wise"-repeatedly ask the question "why"
What is Risk Analysis? - ANSWER- Process of assessing, communicating, and
managing the consequences of unfavorable events
What is the summary of Sensitivity Analysis? - ANSWER- Definition: quantifies
the outcomes of varying parameters; Advantages: quick & easy; Limitations:
rarely reflects reality
What is the summary of Scenario Analysis? - ANSWER- Definition: quantifies a
well-defined set of conditions, where parameters vary together; Advantages:
more deliberate & realistic selection of risks; Limitations: does not capture all
scenarios
What is the summary of Simulation/Monte Carlo? - ANSWER- Definition: a
statistical method to model uncertainty of all parameters; Advantages: most
realistic/flexible, encompasses sensitivity and scenario analysis; Limitations:
time & resource intensive
