Book 2 Volume 2

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What should you do before conducting an in-depth funds analysis?
- Develop financial plan.
- Conduct preliminary research.
- Monitor reimbursement program.
- Develop economic impact statement.

About This Quiz

This quiz, titled 'Book 2 Volume 2', assesses key financial analysis skills. It covers preliminary research, steps in economic analysis, types of risks, funding variances, and the importance of professional reputation in financial roles. Essential for those understanding Air Force financial structures and processes.

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2.

Risk from imperfect knowledge about the state of the world lead to what type of risk?
- Schedule.
- Technical.
- Requirements.
- Cost estimating.
Correct Answer

A. Requirements.

Explanation

Imperfect knowledge about the state of the world can lead to risks related to requirements. This means that when there is uncertainty or lack of clarity about the specific needs and expectations for a project or task, there is a higher chance of encountering difficulties or failures. This type of risk arises from not fully understanding or accurately defining the necessary features, functionalities, or specifications of a product or project, which can ultimately impact its success and effectiveness.

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3.

The key to successfully accomplishing your role as a financial analyst is your
- Determination.
- Hard work and knowledge.
- Professional education and other classes.
- Professional reputation and in-depth knowledge of your wing’s mission and structure.
Correct Answer

A. Professional reputation and in-depth knowledge of your wing’s mission and structure.

Explanation

The key to successfully accomplishing your role as a financial analyst is your professional reputation and in-depth knowledge of your wing's mission and structure. This means that having a good reputation within your professional network and being knowledgeable about the goals and structure of your organization are crucial for success in this role. This implies that simply relying on determination, hard work, or professional education may not be sufficient without a strong reputation and understanding of the mission and structure.

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4.

While standard organizational structures are defined in Air Force Instruction (AFI) 38–101,who determines the organizational structure of your base?
- The Defense Finance and Accounting Service (DFAS).
- The Secretary of the Air Force (SAF).
- The Financial Service Office (FSO).
- The major command (MAJCOM).
Correct Answer

A. The major command (MAJCOM).

Explanation

The correct answer is the major command (MAJCOM). While standard organizational structures are defined in Air Force Instruction (AFI) 38-101, the actual determination of the organizational structure of a base is made by the major command. The major command has the authority to establish and modify the organizational structure based on the specific needs and requirements of the base.

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5.

The group in a wing responsible for supply, transportation, and contracting is
- Operations.
- Logistics.
- Medical.
- Support.
Correct Answer

A. Logistics.

Explanation

The group in a wing responsible for supply, transportation, and contracting is Logistics. This is because logistics involves the management of the flow of goods, services, and information between the point of origin and the point of consumption. In this context, logistics would encompass activities such as procuring and storing supplies, coordinating transportation and distribution, and managing contracts related to these operations. Operations, Medical, and Support may have their own specific responsibilities within the wing, but logistics is the group that oversees the overall supply chain and related functions.

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6.

Which group within a wing is responsible for the housing, feeding, security, communications, and recreational activities of the base?
- Medical.
- Support.
- Logistics
- Operations.
Correct Answer

A. Support.

Explanation

The Support group within a wing is responsible for various essential tasks such as housing, feeding, security, communications, and recreational activities of the base. This group ensures that all the necessary support services are provided to the base personnel, enabling them to carry out their duties effectively.

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7.

The rules and procedures for using funds appropriated to the Air Force can be found in AirForce Instruction (AFI) 65–601, volume
- 1
- 2
- 3
- 4
Correct Answer

A. 1

Explanation

The explanation for the given correct answer is that the rules and procedures for using funds appropriated to the Air Force can be found in AirForce Instruction (AFI) 65-601, volume 1. This means that the specific guidelines and instructions for how the Air Force should utilize the allocated funds can be found in the first volume of the AFI 65-601 document.

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8.

The first phase of the Department of Defense (DOD) biennial planning, programming, and budgeting decision-making process and involves all the key elements within DOD in their respective areas of responsibility is
- Costing of programs.
- Identifying our national goals.
- Determining military plans and requirements.
- Coordinating long-range military planning with existing programs.
Correct Answer

A. Determining military plans and requirements.

Explanation

In the given question, the correct answer is "determining military plans and requirements." This is because the question is asking about the first phase of the Department of Defense (DOD) biennial planning, programming, and budgeting decision-making process. Out of the given options, determining military plans and requirements is the most relevant to this process as it involves setting the strategic direction and identifying the necessary military capabilities and resources needed to achieve the goals and objectives of the DOD.

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9.

Which cycle of the Department of Defense (DOD) biennial planning, programming, budgeting, and execution (PPBE) system identifies military goals and develops courses of action to meet them?
- Planning.
- Budgeting.
- Execution.
- Programming.
Correct Answer

A. Planning.

Explanation

The correct answer is planning. In the Department of Defense (DOD) biennial planning, programming, budgeting, and execution (PPBE) system, the planning cycle is responsible for identifying military goals and developing courses of action to meet them. This phase involves strategic analysis, resource assessment, and the formulation of plans and strategies to achieve the desired objectives. It sets the foundation for the subsequent stages of budgeting, programming, and execution, where specific resource allocation and implementation take place.

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10.

Department of Defense (DOD) functional categories are classifications of expense that are directly subordinate to
- Program elements (PE).
- Major force programs (MFP).
- Department of Defense elements of expense (DODEE).
- Air Force elements of expense/investment codes (EEIC).
Correct Answer

A. Program elements (PE).

Explanation

The correct answer is program elements (PE). Department of Defense (DOD) functional categories are classifications of expense that are directly subordinate to program elements. This means that the functional categories are organized and categorized based on the specific program elements they are associated with. Program elements serve as the higher-level categories or divisions within the DOD's budget and are used to allocate resources and track expenses for specific programs or initiatives. Therefore, the functional categories are directly subordinate to the program elements.

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11.

In which stage of the budget cycle are estimates developed within the Department of Defense (DOD) accounting structure?
- Review.
- Execution
- Enactment.
- Formulation.
Correct Answer

A. Formulation.

Explanation

Estimates are developed within the Department of Defense (DOD) accounting structure during the formulation stage of the budget cycle. This stage involves the creation and development of the budget proposal, which includes estimating the costs and expenses for various programs and activities. During formulation, the DOD analyzes its needs, sets priorities, and determines the funding requirements for the upcoming fiscal year. This is the stage where estimates are developed to guide the budget decision-making process within the DOD accounting structure.

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12.

The Chief of Staff of the Air Force approves or adjusts estimates and submits them to what gency or office that will make the last official action to either approve or adjust the Department f the Air Force budget estimate?
- Air Force Council.
- National Security Council (NSC).
- Secretary of the Air Force (SAF).
- Office of Management and Budget (OMB).
Correct Answer

A. Secretary of the Air Force (SAF).

Explanation

The Chief of Staff of the Air Force approves or adjusts estimates and submits them to the Secretary of the Air Force (SAF) who will make the last official action to either approve or adjust the Department of the Air Force budget estimate. The SAF is responsible for overseeing the budget and financial management of the Air Force, making them the appropriate office to make the final decision on the budget estimate.

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13.

What are the two statuses of availability categories for appropriation accounts?
- Current and expired.
- Current and direct.
- Expired and indirect.
- Expired and direct.
Correct Answer

A. Current and expired.

Explanation

The two statuses of availability categories for appropriation accounts are "current" and "expired." This means that funds in the account are either currently available for use or have already expired and cannot be used anymore.

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14.

Funds made available to the Air Force cannot be established in reserve accounts to use later; therefore, funds are programmed
- In their entirety.
- On a monthly basis.
- On a quarterly basis.
- In six month increments.
Correct Answer

A. In their entirety.

Explanation

The funds made available to the Air Force cannot be established in reserve accounts to use later, which means that they must be used in their entirety. This implies that the funds cannot be saved or carried over to the next period, but rather they must be fully utilized within the current period.

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15.

The basic purpose of the operating budget is to ensure that you price the baseline property and
- Call instructions are appropriate.
- Inputs to the program objective memorandum (POM) are correct.
- The baseline for operations and maintenance (O&M) is accurate.
- The financial plan is submitted on time.
Correct Answer

A. The baseline for operations and maintenance (O&M) is accurate.

Explanation

The correct answer is "the baseline for operations and maintenance (O&M) is accurate." The operating budget is primarily concerned with determining the baseline for operations and maintenance expenses. This involves accurately estimating the costs associated with running and maintaining a property or facility. By ensuring that the O&M baseline is accurate, the operating budget can effectively allocate resources and plan for the necessary expenses to keep the property or facility operational.

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16.

In what month does the Secretary of the Air Force (SAF) issue the USAF Call to the majorcommands (MAJCOM)?
- January.
- February.
- March.
- April.
Correct Answer

A. January.

Explanation

The Secretary of the Air Force (SAF) issues the USAF Call to the major commands (MAJCOM) in January.

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17.

What process does the Air Force use to sharpen financial planning?
- Bogey concept.
- Initial distribution.
- President’s budget (PB).
- Continuing Resolution Authority (CRA).
Correct Answer

A. Bogey concept.

Explanation

The Air Force uses the bogey concept to sharpen financial planning. The bogey concept refers to setting a target or goal that needs to be achieved. In the context of financial planning, the Air Force uses this concept to establish a desired level of funding or budget allocation. By setting a specific target, the Air Force can then develop strategies and plans to meet that goal, ensuring that financial planning is focused and aligned with the overall objectives of the organization.

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18.

Budgeting provides a means for coordinating activities toward what common goal?
- Mission accomplishment.
- Functional area interaction.
- Financial blueprint development.
- Implementation of a rigid planning document.
Correct Answer

A. Mission accomplishment.

Explanation

Budgeting provides a means for coordinating activities toward the common goal of mission accomplishment. By allocating resources and setting financial targets, budgeting ensures that the organization's activities are aligned with its mission and objectives. It helps prioritize and allocate funds to different departments and projects, ensuring that they contribute to the overall mission of the organization. Budgeting also facilitates communication and collaboration among different functional areas, ensuring that they work together towards the common goal of mission accomplishment.

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19.

How many sections must be included in the operations and maintenance (O&M) execution plan?
- Two.
- Three.
- Four.
- Five.
Correct Answer

A. Four.

Explanation

The correct answer is four because an operations and maintenance (O&M) execution plan typically includes four sections. These sections are essential for effective planning and execution of O&M activities. Each section focuses on a specific aspect of the O&M process, such as objectives, responsibilities, procedures, and documentation. By including these four sections in the plan, organizations can ensure that all necessary information and guidelines are provided to effectively carry out O&M tasks.

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20.

Who reviews the financial plan to make sure that estimated costs and justifications are actual and complete?
- Financial Management Analysis (FMA).
- Financial Management Board (FMB).
- Financial Working Group (FWG).
- Comptroller.
Correct Answer

A. Financial Management Board (FMB).

Explanation

The Financial Management Board (FMB) is responsible for reviewing the financial plan to ensure that estimated costs and justifications are accurate and comprehensive. As a governing body, the FMB plays a crucial role in overseeing financial management and ensuring that all financial decisions are sound and align with the organization's goals and objectives. Their review helps to validate the financial plan and ensure that it is reliable for decision-making purposes.

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21.

Which expense is not reimbursable for military family housing (MFH)?
- Charges for mobile home space rental.
- Amounts paid for utilities and services.
- Support of family housing owned by another service.
- Charges for initial utility connection of privately owned mobile homes.
Correct Answer

A. Charges for mobile home space rental.

Explanation

Expenses for mobile home space rental are not reimbursable for military family housing (MFH). This means that if a military family chooses to live in a mobile home and rents the space for it, they will have to bear the cost themselves without any reimbursement. The other options, such as amounts paid for utilities and services, support of family housing owned by another service, and charges for initial utility connection of privately owned mobile homes, may be eligible for reimbursement.

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22.

Can your commander purchase egg rolls for a Chinese day function using appropriated funds and if so, when?
- Yes, and the size does not matter.
- Yes, as long as they are “sample size.”
- No, egg rolls are always considered to be a meal.
- No, any type of food cannot be purchased legally with appropriated funds.
Correct Answer

A. Yes, as long as they are “sample size.”

Explanation

The correct answer is "Yes, as long as they are 'sample size'." This means that the commander can purchase egg rolls for the Chinese day function using appropriated funds, as long as the egg rolls are small enough to be considered as samples rather than a full meal.

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23.

The appropriation system provides for
- A specific amount of money for a specific purpose for a specific period.
- Management with a tool for measuring the progress of its programs.
- Managers to look at their historical data as a starting point for programming future requirements.
- Scrutinizing and updating all data for known program or price changes in order to check for different ways to accomplish the mission.
Correct Answer

A. A specific amount of money for a specific purpose for a specific period.

Explanation

The appropriation system provides a specific amount of money for a specific purpose for a specific period. This means that funds are allocated for a particular use within a defined timeframe. This allows for better financial planning and control as it ensures that resources are allocated appropriately and that the organization stays within its budget constraints. It also enables accountability and transparency as the use of funds can be tracked and evaluated.

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24.

When tracking money due to the government, which item would you identify as a recoveryof excess payments accredited to an appropriation?
- A refund.
- A reimbursement.
- A collection of monies taken during religious services.
- A collection resulting from the sale of goods or services.
Correct Answer

A. A refund.

Explanation

A refund is the correct answer because it refers to the return of excess payments made to the government. When tracking money due to the government, a refund would be identified as the recovery of excess payments accredited to an appropriation. It implies that the government has acknowledged the overpayment and is returning the excess amount to the payer.

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25.

Which employee would be considered a wage grade (WG) employee?
- Doctor.
- Lawyer.
- Electrician.
- Computer operator.
Correct Answer

A. Electrician.

Explanation

The employee who would be considered a wage grade (WG) employee is the electrician. Wage grade employees typically work in trade or craft positions and are paid according to a predetermined wage scale based on the level of skill and experience required for their job. Electricians fall under this category as they possess specialized skills and knowledge in electrical systems and are typically paid based on their expertise and the complexity of the tasks they perform.

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26.

In which civilian pay expense does the responsibility center manager (RCM) have the mostcontrol?
- EEIC 391—Overtime.
- EEIC 393—Personnel Benefits.
- EEIC 390—Clothing Allowance.
- EEIC 392—Personnel Compensation.
Correct Answer

A. EEIC 391—Overtime.

Explanation

The responsibility center manager (RCM) has the most control over the civilian pay expense of EEIC 391—Overtime. This means that the RCM has the authority and ability to manage and allocate funds specifically for overtime pay for civilian employees. The RCM can make decisions regarding the amount of overtime allowed, who is eligible for overtime, and how much overtime pay is provided. This level of control allows the RCM to effectively manage and control expenses related to overtime pay.

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27.

Examples of other civilian personnel compensation (EEIC–392) include
- Overtime pay, premium pay, and night work differential.
- Overtime pay, cost-of-living allowance, and base pay.
- Overtime pay, base pay, and night work differential.
- Holiday pay, Sunday pay, and hazardous duty pay.
Correct Answer

A. Holiday pay, Sunday pay, and hazardous duty pay.
28.

A work year is equal to
- One person working 365 days at 8 hours per day.
- One employee being in a pay status for 8 months.
- The number of payable hours in the year times overall average salary.
- One employee being in pay status for the number of payable hours in a fiscal year.
Correct Answer

A. One employee being in pay status for the number of payable hours in a fiscal year.

Explanation

The correct answer is one employee being in pay status for the number of payable hours in a fiscal year. This means that a work year is equivalent to the amount of time an employee is in pay status, which is determined by the number of payable hours in a fiscal year. This takes into account factors such as leave, holidays, and other non-work hours that may affect an employee's pay status.

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29.

Who is responsible for computing funding requirements for tuition assistance?
- Using activity.
- Education office.
- Contracting office.
- Financial analysis office.
Correct Answer

A. Education office.

Explanation

The education office is responsible for computing funding requirements for tuition assistance. This office is typically in charge of overseeing educational programs and assisting individuals with their educational needs. They would have access to the necessary information and resources to calculate the funding requirements for tuition assistance programs. The activity, contracting office, and financial analysis office may have their own roles and responsibilities, but they are not specifically responsible for computing funding requirements for tuition assistance.

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30.

Which method for developing transportation fund requirements is used most frequently?
- Cost-per-ton.
- Cost-per-move.
- Cost-per-cubic yard.
- Type of transportation.
Correct Answer

A. Cost-per-ton.

Explanation

The method for developing transportation fund requirements that is used most frequently is cost-per-ton. This means that the transportation costs are calculated based on the weight of the goods being transported. This method is commonly used because it provides a more accurate reflection of the actual transportation costs, as heavier goods typically require more resources and incur higher expenses.

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31.

The element of expense for civil engineering contract services, such as snow removal andfire protection, are classified as
- EEIC 531 – custodial services.
- EEIC 532 – engineering services.
- EEIC 533 – other civil engineering services.
- EEIC 560 – other services.
Correct Answer

A. EEIC 533 – other civil engineering services.

Explanation

The correct answer is EEIC 533 – other civil engineering services. This is because the expense for snow removal and fire protection in civil engineering contract services falls under the category of "other civil engineering services". This category includes various services that are specific to civil engineering projects but do not fit into the other defined categories.

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32.

The respective units of measure for custodial services and refuse collection are
- Cubic yards and tonnage.
- Cubic feet and cubic yards.
- Square feet and cubic yards.
- Square feet and square yards.
Correct Answer

A. Square feet and cubic yards.

Explanation

The units of measure for custodial services and refuse collection are square feet and cubic yards. Square feet is used to measure the area of a space, which is relevant for custodial services that involve cleaning and maintaining a specific area. On the other hand, cubic yards is used to measure the volume of waste or refuse collected, which is relevant for refuse collection services. Therefore, square feet and cubic yards are the appropriate units of measure for these respective services.

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33.

The majority of materiel items are purchased from
- Contracts.
- Local vendors.
- The local purchase store.
- The Defense Working Capital Fund.
Correct Answer

A. The Defense Working Capital Fund.

Explanation

The correct answer is the Defense Working Capital Fund. This fund is responsible for purchasing the majority of materiel items. It is a self-sustaining fund that operates like a business, providing goods and services to the Department of Defense. By purchasing items through this fund, the Department of Defense can efficiently manage its resources and ensure that necessary materiel items are readily available.

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34.

Which reflects the use of targets?
- Budgetary tool.
- Legal limitation.
- Administrative limitation.
- Administrative reservation of funds.
Correct Answer

A. Budgetary tool.

Explanation

The use of targets is reflected in a budgetary tool. Budgetary tools are used to set specific targets and allocate funds accordingly. They help in planning and controlling the financial resources of an organization by setting goals and objectives. By using a budgetary tool, organizations can monitor their performance against the targets and make necessary adjustments to achieve their financial goals. This reflects the use of targets in the budgeting process.

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35.

After receiving the Operating Budget Authority Document (OBAD) from the majorcommand (MAJCOM), what procedure must be accomplished?
- Use the O&M execution plan to fund approved programs.
- Identify all reimbursements authority required for base maintenance.
- Analyze the OBAD with MAJCOM to ensure all funds requested were received.
- Review of the OBAD submission, limitations, and targets to determine the percentage of the mission that can be accomplished.
Correct Answer

A. Review of the OBAD submission, limitations, and targets to determine the percentage of the mission that can be accomplished.

Explanation

The correct answer is to review the OBAD submission, limitations, and targets to determine the percentage of the mission that can be accomplished. This procedure is necessary to assess the feasibility and effectiveness of the budget allocation in relation to the mission objectives. By reviewing the OBAD submission, limitations, and targets, the organization can make informed decisions about resource allocation and prioritize the programs and activities that can be realistically funded.

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36.

When interpreting quarterly phasing, what column do you review?
- QUARTER.
- DESCRIPTION
- TOTAL FOR OBAN.
- ANNUAL PROGRAM.
Correct Answer

A. QUARTER.

Explanation

The correct answer is QUARTER because when interpreting quarterly phasing, the column that needs to be reviewed is the QUARTER column. This is because the QUARTER column provides information about the specific time periods within a year, allowing for a detailed analysis of how the performance or progress changes over each quarter. The other columns, such as DESCRIPTION, TOTAL FOR OBAN, and ANNUAL PROGRAM, may provide additional context or information, but they do not specifically indicate the time periods being referred to.

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37.

Which type of managers are members of the Financial Management Board (FMB)?
- Line.
- Staff.
- Top level.
- Middle level.
Correct Answer

A. Top level.

Explanation

The members of the Financial Management Board (FMB) are top-level managers. This implies that they hold high-ranking positions within the organization and have decision-making authority. As top-level managers, they are responsible for overseeing the financial management functions of the organization, including strategic financial planning, budgeting, and financial analysis. Being part of the FMB indicates that these managers play a crucial role in shaping the financial direction and policies of the organization.

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38.

As a minimum, how frequently should the Financial Management Board (FMB) review thestatus of funds or accounts?
- Monthly.
- Quarterly.
- Semiannually.
- Annually.
Correct Answer

A. Quarterly.

Explanation

The Financial Management Board (FMB) should review the status of funds or accounts at least quarterly. This frequency allows for regular monitoring and assessment of the financial situation, ensuring that any issues or discrepancies can be identified and addressed in a timely manner. Quarterly reviews also provide an opportunity to track progress, make necessary adjustments, and ensure that financial goals and targets are being met. This regular review schedule helps maintain financial stability and transparency within the organization.

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39.

What is the maximum dollar value of a gift that may be accepted from an outside source?
- $19.99
- $29.99.
- $49.99.
- $99.99
Correct Answer

A. $19.99

Explanation

The maximum dollar value of a gift that may be accepted from an outside source is $19.99.

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40.

If an organization spent their entire funding during the first two months of the fiscal yearand continued to include obligations, then they would be in violation of the
- Antideficiency Act (ADA).
- Goldwater Nichols Act.
- Time obligation restriction.
- Purpose obligation restriction.
Correct Answer

A. Antideficiency Act (ADA).

Explanation

If an organization spends all of its funding in the first two months of the fiscal year and continues to incur obligations, it would be in violation of the Antideficiency Act (ADA). The ADA prohibits federal agencies from obligating or spending more money than has been appropriated by Congress. This act ensures that agencies operate within their allocated budgets and prevents them from creating a deficit or borrowing funds from other agencies. Violating the ADA can result in penalties, including fines, imprisonment, or removal from office. Therefore, the organization would be in violation of this act if it continued to incur obligations without sufficient funding.

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41.

The Air Force requires an economic analysis (EA) if annual recurring costs exceed
- $100,000.
- $200,000.
- $250,000
- $500,000.
Correct Answer

A. $500,000.

Explanation

The Air Force requires an economic analysis (EA) if annual recurring costs exceed $500,000. This means that if the costs for a particular project or operation go beyond this threshold, an economic analysis must be conducted to assess the financial impact and feasibility of the endeavor.

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42.

Which is not an example of a capital asset?
- Equipment.
- Buildings
- Training
- Land.
Correct Answer

A. Training

Explanation

Training is not an example of a capital asset because it is not a physical asset that can be owned or used to generate income. It is a service or activity that enhances the skills and knowledge of individuals or employees. Capital assets typically refer to tangible assets such as equipment, buildings, and land that are used in business operations and have a long-term value.

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43.

What is the equilibrium price?
- Unstable price set by sellers.
- Balanced price established by the buyers.
- Price negotiated between buyers and sellers.
- Discounted price established below the wholesale cost.
Correct Answer

A. Price negotiated between buyers and sellers.

Explanation

The equilibrium price refers to the price at which the quantity demanded by buyers matches the quantity supplied by sellers in a market. It is determined through the process of negotiation between buyers and sellers, where they reach a mutually agreed-upon price that balances supply and demand. This price ensures that there is neither excess demand nor excess supply in the market, creating a state of equilibrium.

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44.

In order to figure out a price, what must be contrasted?
- Nothing.
- The laws of supply and demand.
- The market price and the law of supply.
- The negotiated price and the law of demand.
Correct Answer

A. The laws of supply and demand.

Explanation

To determine a price, one must compare the laws of supply and demand. The price of a product or service is determined by the interaction between the quantity of the item available (supply) and the desire or demand for it. When supply is high and demand is low, prices tend to be lower. Conversely, when supply is low and demand is high, prices tend to be higher. By understanding the laws of supply and demand, one can effectively determine an appropriate price for a product or service.

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45.

Which publication establishes prerequisites for recording obligations?
- Office of Management and Budget (OMB) A–76.
- Department of Defense (DOD) 4000.19-R.
- Defense Finance and Accounting Service (DFAS)-DE 7077.2-M.
- DFAS-DE 7000.4-R.
Correct Answer

A. DFAS-DE 7000.4-R.

Explanation

DFAS-DE 7000.4-R is the correct answer because it is the publication that establishes prerequisites for recording obligations. The other options, OMB A-76, DOD 4000.19-R, and DFAS-DE 7077.2-M, do not pertain to recording obligations.

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46.

Of the two types of documents issued to the major commands (MAJCOM), which one makes funds available for obligation from an allocation or suballocation?
- Allotment.
- Appropriation warrant.
- Apportionment request.
- Operating budget authority.
Correct Answer

A. Allotment.

Explanation

An allotment is a type of document issued to major commands (MAJCOM) that makes funds available for obligation from an allocation or suballocation. It allows the MAJCOM to allocate and distribute funds to different units or programs within their command. This document is an important tool in managing and controlling the use of funds within the MAJCOM.

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47.

How many parts are included in the Bogey?
- One.
- Two.
- Three.
- Four.
Correct Answer

A. Two.

Explanation

The question is asking about the number of parts included in the Bogey. The given answer is "Two." This suggests that the Bogey is composed of two parts.

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48.

A balanced equitable program consists of a balance between
- Mission and support requirements
- Mission and nonappropriated requirements.
- Nonappropriated and support requirements.
- Nonappropriated and appropriated requirements.
Correct Answer

A. Mission and support requirements

Explanation

A balanced equitable program requires a harmony between the mission, which represents the goals and objectives of the program, and the support requirements, which encompass the necessary resources and assistance needed to achieve those goals. This balance ensures that the program is effectively supported while staying aligned with its mission.

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49.

If your commander wants to know how the unit is executing their 2008 TDY budget, what data should you use in the search criteria in the Commander’s Resource Information System (CRIS)?
- Element of expense investment code (EEIC) of 409 only.
- EEIC of 409, fund code of 30, and fiscal year.
- Fiscal year of 2007 and fund code of 30 only.
- Fund code of 30 only.
Correct Answer

A. EEIC of 409, fund code of 30, and fiscal year.

Explanation

The commander wants to know how the unit is executing their 2008 TDY budget. To find this information in the Commander's Resource Information System (CRIS), the search criteria should include an Element of expense investment code (EEIC) of 409, a fund code of 30, and the fiscal year. This combination of criteria will narrow down the search to the specific budget execution data for the unit's TDY budget in 2008.

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Book 2 Volume 2

What should you do before conducting an in-depth funds analysis?

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If your commander wants to know how the unit is executing their 2008 TDY budget, what data should you use in the search criteria in the Commander’s Resource Information System (CRIS)?