CDFM Module 1

CDFM Module 1 *How many branches of Government did the Constitution establish? - ✔✔Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch (Article III) *What was the predecessor to the Constitution? - ✔✔Articles of Confederation *Where are all Federal-level laws enacted? - ✔✔Congress *In which article of the Constitution is the power to raise taxes found? - ✔✔Article I *What occurs when Congress is not in session and the President does not sign a properly- presented, enrolled bill within 10 days? - ✔✔Pocket Veto *How frequently does Congress review the DoD budget request? - ✔✔Annually *Approximately what percent of total federal spending is discretionary spending? - ✔✔Thirty percent (30%) *Which branch of Government implements laws? - ✔✔Executive Branch *Which branch of Government is authorized to raise taxes and borrow money? - ✔✔Legislative Branch (Congress) *Which committee attempts to resolve differences between the House and Senate version of a bill? - ✔✔Conference Committee, sometimes referred to as "the Third Chamber" *Which agency issues directions for use by other agencies in submitting their budget estimates? - ✔✔Office of Management and Budget (OMB) *What type of legislation provides an agency with budget authority? - ✔✔Appropriation Acts provide budget authority *What term is used to describe a subdivision of an apportionment - ✔✔Allotment *What agency issues apportionments? - ✔✔Office of Management and Budget (OMB) *Which branch of Government conducts hearings on the effectiveness of Government programs? - ✔✔Legislative Branch (Congress) *In the federal budget process, which organizations actually prepare budget estimates? - ✔✔Federal Agencies *What is the largest single source of Federal

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  • Pages 33
  • Category Exam Elaboration
  • School / University other / unknown
  • Course Finance
  • Course Level University level
  • Year 2024
  • Keywords CDFM Module 1
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