CDFM Exam 1 Study Set EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025)
Competency 1: Gov't Resource Management
Environment - OMB Circular A-11 - Correct Answers ✅Preparation & Submission of Budget Estimates OMB Circular A-76 - Correct Answers ✅Performance of Commercial Activities OMB Circular A-123 - Correct Answers ✅Management's Responsibility for Internal Control OMB Circular A-136 - Correct Answers ✅Financial Reporting Requirements What was precursor to Constitution? - Correct Answers ✅Articles Of Confederation (1781) What was required to amend the Art. Of Confed? - Correct Answers ✅Unanimous approval from all states When was Constitution Ratified? - Correct Answers ✅June
1788 1 / 4
CDFM Exam 1 Study Set EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) What is the principle behind the separation of power between the 3 branches? - Correct Answers ✅Devised to allay the fear that a centralized government would lead to tyranny What is the essential principle of the Constitution? - Correct Answers ✅That the government must be confined to the rule of law What does the Constitution define as the fundamental law of the US Federal Government? - Correct Answers ✅Set forth the 3 principal branches of the Federal Government; outline their jurisdictions; propound the basic rights of US citizens What Article lays out the rules for the Legislative Branch? - Correct Answers ✅Article I What section of Article 1 allows Congress to levy taxes and establish District Courts? - Correct Answers ✅Section 8 What Article lays out the rules for the Executive Branch? - Correct Answers ✅Article 2 What Article lays out the rules for the Judicial Branch? - Correct Answers ✅Article 3 2 / 4
CDFM Exam 1 Study Set EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) Where are all revenue bills generated? - Correct Answers ✅House of Representatives The President has how many days to act on a bill? - Correct Answers ✅10, excluding Sundays or Holidays What can override a Presidential veto of a bill? - Correct Answers ✅2/3 approval in both chambers Congress is adjourned and the President fails to sign a bill during the 10-day period, that bill does not become law. - Correct Answers ✅Pocket Veto What is important about Art I, Sec 9? - Correct Answers ✅No money is to be issued from Treasury without an Appropriation law A legislative proposal of a general nature, only allowed to be introduced by a member of Congress, and must be reviewed by the President for approval into law or rejected with a veto.
- Correct Answers ✅Bill
Legislative proposal similar to a bill, frequently used to amend the Constitution , and can originate in either the 3 / 4
CDFM Exam 1 Study Set EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) House or Senate, and must be reviewed by the President the same as a bill. - Correct Answers ✅Joint Resolution Proposal to address matters that affect the operation of both the House and Senate, does not go to the President for action. - Correct Answers ✅Concurrent Resolution Proposal to address matters that affect the operation of either the House or the Senate, does not go to the President for action. - Correct Answers ✅Simple Resolution The bill that has passed one body, House or Senate, is called what? - Correct Answers ✅Engrossed bill Committee appointed to resolve differences between bills approved in both the House and Senate. Referred to as "the third chamber" of Congress. - Correct Answers ✅Conference committee A bill that has passed the House and Senate in identical form to be sent to the President for action is called what? - Correct Answers ✅Enrolled bill What are the phases of the Federal Budget Process? - Correct Answers ✅Budget formulation
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