Attachment_0009_-_Sample_Exam.pdf

OUSD(C) Web-based Curriculum Development Principles of DoD Advanced Budget Execution

Module 1

1. ____________________ makes up the largest percentage of the Federal Budget.

a. Mandatory spending

b. Discretionary spending

c. Ad hoc spending

d. Interest on debt

2. Medicare and Medicaid payments are examples of

a. Discretionary spending

b. Mandatory spending

c. Premium spending

d. Unfunded mandates

3. Which department is the largest sector of the discretionary budget of the Federal Government?

a. Department of Health and Human Services

b. Department of Education

c. Department of Defense

d. Department of Homeland Security

4. ______________provide the funding for an authorized agency or program.

a. Appropriations

b. Hearings

c. Circular A-11

d. Passback

5. ________________ authorizes and appropriates funding for the Federal Government.

a. The President

b. Congress

c. Office of Management and Budget (OMB)

d. Treasury Department

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6. The House Appropriations Committee and Senate Appropriations Committee each have _______ subcommittees that are responsible for producing the annual appropriations bills for the Federal Government.

a. 4

b. 10

c. 6

d. 12

7. During Congressional committee hearings, the Department of Defense (DoD) defends and justifies the President’s Budget using all of the following EXCEPT:

a. Testimony

b. Diversions

c. Briefings

d. Providing answers to inquiries

8. If Congress cannot agree on the language of a bill and/or funding amounts, a __________________ is put into place to keep the government funded at current levels until the issues can be resolved.

a. Continuing Resolution

b. Sequestration

c. Retroactive Fund Source

d. Moderated Funding Bill

9. The Office of Management and Budget (OMB) issues

____________, which sets the requirements all agencies must follow in their preparation, justification and execution of the budget.

a. Passback

b. Circular A-11

c. Circular A-123

d. Federal Acquisition Regulation (FAR)

10. All of the following are primary relevant governance documents for the Department of Defense (DoD) EXCEPT:

a. Office of Management and Budget (OMB) Circular A-

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b. DoD Financial Management Regulation (FMR) 7000.14-R, Volumes 2A and 2B

c. DoD Financial Management Regulation (FMR) 7000.14-R, Volume 3

d. Office of Management and Budget (OMB) Circular A-110

11. Which of the following is NOT one of the main phases of the Federal Budget process?

a. Formulation

b. Congressional

c. Judicial

d. Execution

12. Which of the following is NOT a purpose of the

Department of Defense Planning, Programming, Budgeting and Execution (PPBE) process?

a. Provide a ‘fast-track’ route to decision-making

b. Provide financial checks and balances

c. Provide a basis for justifying programs and budgets to the White House and Congress

d. Provide civilian control and strategic direction

13. The objective of this phase of the Planning, Programming, Budgeting and Execution (PPBE) process is to convert program decisions on dollars and manpower into requests for congressional authorization and appropriations:

a. Planning

b. Programming

c. Budgeting

d. Execution

14. All of the following are Planning, Programming, Budgeting and Execution (PPBE) internal stakeholders EXCEPT:

a. DoD Components

b. Joint Staff

c. Office of the Secretary of Defense

d. Office of the Director of National Intelligence

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15. A _____________________ is used by DoD to publish decisions from the Program and Budget review and consolidates these Program and Budget decisions into one document.

a. Resource Management Decision

b. Passback

c. Authorizations

d. Program Objective Memorandum

16. Justification Statements are used throughout the

Planning, Programming, Budgeting and Execution (PPBE) cycle for all the following reasons EXCEPT:

a. To justify the request for a disconnect or initiative

b. To justify the request that Congressional marks be reduced/changed

c. To justify the request for a reprogramming during execution

d. To justify Congressional earmarks

17. Good justification statements are specific, quantify dollar and schedule impact, relate to warfighter mission impact, and ____________________.

a. Have little-to-no technical jargon or acronyms

b. Are highly technical

c. Use Department of Defense (DoD) specific acronyms and verbiage

d. Are lengthy and broad in scope

18. The three requirements for legal obligations and expenditures are _________________.

a. Time; Purpose; Amount

b. Time; Purpose; Speed

c. Authorized; Appropriated; Executed

d. Mandated; Purpose; Cyclical

19. All of the following are significant legislative acts that have defined the legal limitation of the use of funds EXCEPT:

a. Antideficiency Act

b. Economy Act

c. Project Order Act

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d. CFO Act

20. The Office of Management and Budget has ______

Resource Management Offices on its budget side that offer support to the various agencies.

a. 2

b. 4

c. 5

d. 9

21. The Office and of Management and Budget (OMB) plays a legally required role in budget execution by issuing apportionments, also known as the ________________.

a. Circular A-11

b. OMB A-123

c. SF 132

d. Passback

22. The Treasury Department establishes the amount of cash available in particular appropriations accounts for disbursement using official documents called

a. Warrants

b. Apportionments

c. Allotments

d. Authorizations

23. The _________________________ was created in

1991 to standardize, consolidate and improve accounting and financial functions throughout the Department of Defense.

a. Planning, Programming, Budgeting and Execution

(PPBE) process

b. Cost Assessment and Program Evaluation (CAPE) office

c. Defense Finance and Accounting Service (DFAS)

d. Capital Working Defense Fund

24. All of the following are appropriations categories within the Department of Defense EXCEPT:

a. Military Construction (MILCON)

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b. Military Personnel (MILPERS)

c. Research, Development, Testing and Evaluation

(RDT&E)

d. Military Intelligence (MILINT)

25. The appropriations life cycle consists of all of the following periods EXCEPT:

a. Current

b. Upcoming

c. Expired

d. Canceled

26. Which of the following is NOT a reason why funds execution is important to Department of Defense Senior leaders?

a. It validates current submission under Congressional review

b. It informs DoD decisions for the next Planning, Programming, Budgeting and Execution cycle

c. It allows for reprioritization based on real world factors

d. It allows for unconstrained reprogramming actions

27. ______________ shift money between appropriations accounts.

a. Transfers

b. Amendments

c. Rescissions

d. Witholds

28. All of the following are types of funding the Department of

Defense receives from Congress EXCEPT:

a. Appropriated funds

b. Non-appropriated funds

c. Working capital funds

d. Supplemental transfers

29. Once funds are apportioned by the Office of Management and Budget, the _____________ allocates funds to the Military Services and Defense Agencies.

a. Secretary of Defense

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b. Comptroller

c. Congress

d. Defense Finance and Accounting Service (DFAS)

30. A(n) ___________ is the first stage of accounting, is an administrative reservation of funds based on firm procurement requests, orders, directives, and equivalent instruments.

a. Commitment

b. Allotment

c. Appropriation

d. Transfer

31. A(n) ____________ is a legally binding agreement or action that will result in outlays, immediately or in the future.

a. Commitment

b. Obligation

c. Requisition

d. Transfer

32. A requirement, or description of the government’s need in terms sufficient to allow market research to be conducted, should be defined in terms of all of the following EXCEPT:

a. Functions to be performed

b. Performance required

c. Essential physical characteristics, environment, interfaces or other constraints

d. Cost

33. Which of the following actions does NOT require market research to be conducted?

a. Economy Act actions such as Military

Interdepartmental Purchase Requests and Interagency Orders

b. Standard Procurements (Direct contracts)

c. Program Objective Memorandum Submissions

d. Sole Source Procurements

34. Common mistakes when writing requirements including all of the following EXCEPT:

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a. Making bad assumptions

b. Using incorrect terms or sentence structure

c. Describing operations instead of requirements

d. Using short, simple sentences with consistent terminology

35. The _______________ allows one Federal agency to order goods and services from another Federal agency.

a. Antideficiency Act

b. Economy Act

c. Project Order Act

d. Sarbanes-Oxley Act

36. The documentation that is required by the Economy Act is called a(n) ______________________.

a. Determinations and Findings (D&F)

b. Statement of workflow

c. Budget Estimate Submission

d. Standard Form 132 (SF 132)

37. Due to abuses of Economy Act transactions, prior to issuing an Economy Act order for contract action outside the Department of Defense the head of the agency or designee must determine all of the following EXCEPT:

a. The ordered supplies or services cannot be provided as conveniently and cheaply by contracting directly with a private source

b. The servicing agency has unique expertise or ability not available within DoD

c. The supplies or services are clearly within the scope of activities of the servicing agency and that agency normally contracts for those supplies or services for itself

d. The agency can perform the needed work/services in house

38. Two types of orders that agencies/Sservices may place to obligate funds per Financial Acquisition Regulation (FAR) requirements are _______________ and _____________.

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a. Military Interdepartmental Purchase Requests;

Interagency Orders

b. Interagency Orders; Determinations and Findings

c. Military Obligations; Project Order Funds

d. Reprogrammings; Interagency Orders

39. Fund Holders are responsible to ensure that funds administratively subdivided to them are used consistently with the intent for which the funds were provided. Due diligence compliance ensures all of the following EXCEPT:

a. Internal control systems are adequate

b. Applicable laws, regulations, and policies are followed

c. Operations are inefficient and ineffective

d. Resources are safeguarded and managed economically and efficiently

40. Which of the following is NOT a common type of contract utilized within the Department of Defense?

a. Firm Fixed Price

b. Cost Plus Fixed Fee

c. Time and Materials

d. Pay-As-You-Go

41. A(n) ________________ is a requirement that Congress has not yet authorized and appropriated through the formal budget process that results in enacted law.

a. New Start

b. Determinations and Findings

c. Project Order

d. Unfunded mandate

42. The first and second _________________ called for greater efficiency and smaller government, as well as ‘performance budgeting.’

a. Hoover Commissions

b. National Performance Reviews

c. Warren Commissions

d. Nixon Initiatives

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43. The Government Performances and Results Act – Modernization Act (GPRA-MA) requires each Federal agency to prepare all of the following EXCEPT:

a. Strategic Plan

b. Annual Performance Plan

c. Annual Report

d. Performance Review

44. All of the following are expenditure planning considerations EXCEPT:

a. Review of all unliquidated obligations (ULOs)

b. Monitoring of invoices in Wide Area Workflow (WAWF)

c. Timing of obligations and anticipating the lag time between obligations and expenditures

d. Future needs

45. Which of the following is NOT a basic execution tool commonly used in the Department of Defense?

a. Decrement list

b. Phased Obligation Plan

c. Program Objective Memorandum (POM)

d. Unfinanced Requirements List

46. All of the following are ways financial managers should be involved with their programs EXCEPT:

a. Meet with the Program Management team on a regular basis

b. Coordinate program execution events and obligation dates across the entire program team

c. Participate in Program Management Reviews

d. Segregate program components to maximize efficiency

47. Proper financial analysis helps ensure the legal use of funds to avoid Antideficiency Act violations by meeting all of the following conditions EXCEPT:

a. The correct type of funds are obligated

b. Funds are not obligated in excess of available amounts

c. Funds are obligated when they are available

d. Funds are transferred as needed

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48. Which of the following is NOT one of the five Government Accountability Office (GAO) standards for internal control?

a. Risk Assessment

b. Execution

c. Monitoring

d. Control Activities

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