FISCAL LAW Study guides, Class notes & Summaries

This study source was downloaded by from CourseH on :15:29 GMT -06:00 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. ...

Fiscal Law Test Questions with Correct Answers Fiscal Law - ANSWER Body of law governing use of federal funds Fiscal Year - ANSWER 1 October ‐ 30 September Period of Availability - ANSWER Most appropriations available for obligation for limited time period Funds not obligated in timely manner generally expire Obligation - ANSWER Transaction legally binding the government to make payment E.g., place an order, award a contract, receive services Budget Authority - ANSWER Federal law p...

ARMY FISCAL LAW FOUNDATIONS 2024 QUESTIONS AND ANSWERS VERIFIED. (Select the best answer) You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on a piece of equipment that she personally would like to see purchased for use in the common break area of the legal office. She wants to use appropriated funds to buy a microwave. Her rationale is that employees (both military and civilian) need a place to prepare food they bring in from home. You respond ...

Fiscal Law Exam/23 Complete Questions with Answers

Fiscal Law Exam/28 Questions with Answers 2024

Comptrollers Accreditation and Fiscal Law Course Class 001 Questions with 100% Correct Answers | Updated & Verified

FISCAL LAW EXAM Questions with 100% Correct Answers | Updated & Verified

Fiscal Law Competency Area 1 Questions with 100% Correct Answers | Updated & Verified

Fiscal Law Test Questions with 100% Correct Answers | Updated & Verified

False. -S/O, p.2 - Answer T/F. Appropriations Law can be ignored or waived during times of crisis. True. -S/O, P. 2 - Answer T/F. Most violations are committed while honestly and legitimately trying to accomplish a mission or in an attempt to meet an operational requirement Every three (3) years - Answer How often do DOD commanders, supervisors, and managers are required to receive appropriations law training ? Tier 2 -Issue routine, small dollar documents, -Travel Orders...

"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ - Answer Affirmative Authority ______ has the ability to appropriate funds to be spent by the federal government. - Answer Congress The three main elements that must be met before funds are obligated are - Answer Purpose Time Amount To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) developed the concept known as the...

How many branches of the government did the Constitution set up? - Answer 3 - Legislative (I); Executive (II); Judicial (III) What was the predecessor to the Constitution? - Answer Articles of Confederation Where are all federal level laws enacted? - Answer Legislative Branch - Congress Which article of the Constitution is the power to raise taxes? - Answer Article I - Legislative What occurs when president fails to sign a bill for 10 days and Congress is not in session? - An...