CDFM Module 1 Exam (NEW 2023/ 2024 Update) More than 400 Actual Questions and Verified Answers | Guaranteed Grade A| 100% Correct
QUESTION
Which
... [Show More] branch of government conducts hearings on the effectiveness of government programs?
Answer:
Legislative congress
QUESTION
In the federal budget process, which organizations actually prepare budget estimates?
Answer:
Federal agencies
QUESTION
What is the largest single source of federal tax revenue?
Answer:
Individual income tax 43 percent
QUESTION
What are the requests for funds in addition to amounts already appropriated called?
Answer:
Supplemental
QUESTION
What financial control document is issued by the treasury department following signature of the appropriation act?
Answer:
Appropriation warrant
QUESTION
What term describes postponement in the use of appropriated funds?
Answer:
Deferral
QUESTION
What term describes a cancellation of appropriated funds?
Answer:
Recession
QUESTION
After the dod appropriations bill is signed into law, what does the dod request from omb?
Answer:
Apportionment
QUESTION
An administrative reservation of funds is known as what?
Answer:
Commitment
QUESTION
What gives a federal agency the legal authority to operate a program?
Answer:
Authorization legislation
QUESTION
Article 1 section 8 clause 1 of the us constitution empowers which element of the federal government to collect taxes?
Answer:
Legislative branch
QUESTION
Prevents congress and the president from unilaterally making laws and treaties.
Answer:
Separation of powers
QUESTION
Composed of members chosen every second year by the people of several states
Answer:
House of representatives
QUESTION
Composed of two members from each state for six years having one vote
Answer:
Senate
QUESTION
All bills for raising revenue shall originate where?
Answer:
House of representatives
QUESTION
Power to lay and collect taxes
Answer:
Congress
QUESTION
Power to constitute tribunals inferior to supreme court
Answer:
Congress
QUESTION
Congress can raise and support armies but no appropriation of money to that use shall be longer than?
Answer:
Two years
QUESTION
No money shall be drawn from the treasury but in consequence of
Answer: [Show Less]