Fiscal law exam Samenvattingen, Aantekeningen en Examens
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CLG 001_ Fiscal Law Exam version 2/ with 100% 2024 verified answers
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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...
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GCSU GA Constitution Exam Questions and Answers 100% Pass
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GCSU GA Constitution Exam Questions and Answers 100% Pass how many federal employees? 3 million 
how many state/local employees? 13 million 
What areas of public policy do the states take most of the responsibility for? education, highways, lawenforcement, public health, welfare 
Similarities between state gov systems 1. every state has a written constitution and 3 gov branches 2. governor, state leg and court system 
constitutionalism -gov created for the people by people - describe fundamental...
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023 
 
 
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. 
 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 ...
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VALUE PACK:: FISCAL LAW EXAMS QUESTIONS AND ANSWERS 2023
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VALUE PACK:: FISCAL LAW EXAMS QUESTIONS AND ANSWERS 2023
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CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
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CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 
 
 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
 
"Where can the most authoritative source of information on the proper use of appropriated funds be...
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Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
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Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED 
A+ 2023|2024 UPDATE 
QUESTION 1 
1. It is appropriate for the Army to acquire lawn cutting services through 
the Project Order Statute. 
True 
False 
QUESTION 2 
1. The proper amount of money to obligate at the award of a firm fixed- 
price contract is: 
The full amount of the contract. 
Nothing until the contractor performs the required work. 
Half of the total liability. ...
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CLG 001_ Fiscal Law Exam version 2, Questions & Answers
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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 
...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
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CDFM All Modules FISCAL 
LAW Exam Questions and 
Answers 
 
T/F? 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 ADA 
The 2 provisions of the US Constitution that provide the underpinning for the budget 
process are? - ANSWER Article 1 Section 8 clause 1, Article 1 Section 9 clause ...
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CLG 001_ Fiscal Law Exam version 2/ with 100% 2024 verified answers
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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...
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Funeral Arts National Board Exam, Answered
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Funeral Arts National Board Exam, Answered-Register of all the general ledger accounts - Will Show profits and losses of a business 
 
Difference between currents assets and liabilities. When current assets exceed liabilities - Working Capital 
 
Must include what three disclosures - Embalming, Cash Advance, & Legal Requirements 
 
Uniform commercial code has 4 different kinds of paper - Promissory Note, Draft, Checks and certificates of deposit 
 
What kind of law enacts statutory law - Adminis...
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CLG 001_ Fiscal Law Exam version 2_ updated.
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CLG 001_ Fiscal Law Exam version 2_ updated.CLG 001_ Fiscal Law Exam version 2_ updated.CLG 001_ Fiscal Law Exam version 2_ updated.