CDFM 1.1 Questions and Answers Rated A+

CDFM 1.1 Questions and Answers Rated A+ How many branches of Government did the Constitution establish? 3 (p 1.1.6) What was the predecessor to the Constitution? The Articles of Confederation (p 1.1.5) Where are all Federal-level laws enacted? Congress (p 1.1.7 / 1.1.9) In which article of the Constitution is the power to raise taxes found? Article 1 (p 1.1.8) What occurs when Congress is not in session and the President does not sign a properly-presented, enrolled bill within 10 Days? Pocket Veto (p 1.1.17) How frequently does Congress review the DoD budget request? Annually (p 1.1.34) Approximately what percent of total Federal spending is discretionary spending? 34% (p 1.1.54) What branch of Government implements laws? Executive Branch (p 1.1.10) What branch of Government is authorized to raise taxes and borrow money? Legislative Branch (Congress) (p 1.1.8) What is the name of the committees that attempt to resolve difference between House and Senate versions of the bill? Conference Committee, sometimes referred to as "the Third Chamber" (p 1.1.14-15) What agency issues directions for use by other agencies in submitting their budget estimate? Office of Management and Budget (OMB) (p 1.1.21-22) What type of legislation provides an agency with budget authority? Appropriation Acts provide budget authority (p 1.1.38) What term is used to describe a subdivision of an apportionment? Allotment (p 1.1.40) What agency issues apportionments? Office of Management and Budget (OMB) (p 1.1.38) What branch of Government conducts hearings on the effectiveness of Government programs? Legislative Branch (Congress) (p 1.1.49) In the Federal budget process, which organizations actually prepare budget estimates? Federal Agencies (p 1.1.21) What is the largest single source of Federal Government tax revenues? Individual Income Taxes (43%) (p 1.1.53) What are requests for funds in addition to amounts already appropriated called? Supplemental (p 1.1.35) What financial control document is issued by the Treasury Department following signature of the Appropriations Act? Appropriation Warrant (p 1.1.40) What term describes a postponement in the use of appropriated funds? Deferral (p 1.1.43) What term describes a cancellation of appropriated funds? Rescission (p 1.1.43-44) After the DoD Appropriations Bill is signed into law, what does DoD request from OMB? Apportionment (p 1.1.39 / 1.1.42) An administrative reservation of funds is known as what? Commitment (p 1.1.45) What gives a Federal agency the legal authority to operate a program? Authorization Legislation (p 1.1.29) Article 1, Section 8, Clause 1, of the U.S. Constitution empowers which element of the Federal Government to collect taxes? The Legislative Branch (p 1.1.9) What does the principle of separation of powers do? Prevents Congress and the President from unilaterally making laws and treaties (p 1.1.5) What is the genesis of the Federal Legislative Process? The Declaration of Independence (July 4, 1776), Article of Confederation (March 1, 1781), Constitution ratified by nine states (June 1788), and the Constitution took effect (March 4, 1789) (p 1.1.5) What is the essential principle of the Constitution? Government must be confined to the rule of law (p 1.1.6) What are the powers of Congress? Article 1. Congress has the power to raise taxes, borrow money, regulate commerce, conscript forces, declare war, and raise and support armies (p 1.1.8) What are the executive powers of the President? Commander-in-chief and execute laws (p 1.1.10) What are the judicial powers to the Courts? Supreme