CDFM Module 1

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Resource Management Environment: Each core competency requires CDFM candidates to demonstrate proficiency in the knowledge elements for each module.

Questions and Answers

1.

Budget execution starts with ________.
- A.
  
  Submission of the SF-133
- B.
  
  Agreement on apportionment
- C.
  
  Submission of the appropriation bill
- D.
  
  Issuance of treasury warrant
Correct Answer
D. Issuance of treasury warrant

Explanation
US Budget FY 2001, FMR 7000.14 vol 3

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2.

The issuance of Treasury Warrants are the _____ ______ action taken after the President signs the bill into law.
- A.
  
  Only necessary
- B.
  
  Last required
- C.
  
  Last legal
- D.
  
  1st legal
Correct Answer
D. 1st legal

Explanation
FMR 7000.14 vol 3

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3.

Continuing resolutions (CRs) initially last _____ days and are disigned to avoid violating the ________..
- A.
  
  7, Anti Deficiency
- B.
  
  30, Anti Deficiency
- C.
  
  45, Anti Deficiency
- D.
  
  10, Anti Deficiency
Correct Answer
B. 30, Anti Deficiency

Explanation
FMR 7000.14 vol 3

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4.

SF-133 are reported _____ to the Office of Management and Budget (OMB)
- A.
  
  Monthly
- B.
  
  Quarterly
- C.
  
  Semi-annually
- D.
  
  Annually
Correct Answer
B. Quarterly

Explanation
FMR 7000.14 vol 3

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5.

The size and complexity of the budget demands that the President take the recommendations of the ____ .
- A.
  
  Secretary of the Treasury
- B.
  
  Vice President of the US
- C.
  
  Director OMB
- D.
  
  Director, of GAO
Correct Answer
C. Director OMB

Explanation
US Budget FY 2001, FMR 7000.14 vol 3

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6.

If Congress and the President do not complete action on all appropriation by ____ of September a _____ is passed by both houses to avoid a shutdown of government.
- A.
  
  30th, continuing resolution
- B.
  
  31th, continuing resolution
- C.
  
  7th, continuing resolution
- D.
  
  24th, continuing resolution
Correct Answer
A. 30th, continuing resolution

Explanation
US Budget FY 2001, FMR 7000.14 vol 3

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7.

A Constitution amendment may be rarified when approved by _____ of the States.
- A.
  
  2/3
- B.
  
  1/2
- C.
  
  All
- D.
  
  3/4
Correct Answer
D. 3/4

Explanation
Whitehouse.gov

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8.

The U.S. House of Representatives number ____ with a ___ and preface them with _____.
- A.
  
  Laws, 1, S
- B.
  
  Bills, 1, H.R.
- C.
  
  Bills, 1, S
- D.
  
  Laws, 1, H.R.
Correct Answer
B. Bills, 1, H.R.

Explanation
Whitehouse.gov

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0
1
9.

The US Senate numbers ____ with a ____ and preface them with ___.
- A.
  
  Bills, 1, S
- B.
  
  Bills, 1, H.R.
- C.
  
  Laws, 1, S
- D.
  
  Laws, 1, H.R.
Correct Answer
A. Bills, 1, S

Explanation
Whitehouse.gov

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10.

The six major steps of the Budget formulation are:
- A.
  
  OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Supreme Court.
- B.
  
  OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, Congress takes action, sent to President
- C.
  
  OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Treasury
- D.
  
  OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Congress
Correct Answer
D. OMB'S guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Congress

Explanation
FMR 7000.14 vol 3

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11.

The Budget formulation phase starts as early as _____ months out.
- A.
  
  21
- B.
  
  22
- C.
  
  23
- D.
  
  24
Correct Answer
A. 21

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CDFM Module 1

Budget execution starts with ________.

The issuance of Treasury Warrants are the _ __ action taken after the President signs the bill into law.

Continuing resolutions (CRs) initially last _ days and are disigned to avoid violating the ____..

SF-133 are reported _____ to the Office of Management and Budget (OMB)

The size and complexity of the budget demands that the President take the recommendations of the ____ .

If Congress and the President do not complete action on all appropriation by of September a _ is passed by both houses to avoid a shutdown of government.

A Constitution amendment may be rarified when approved by _____ of the States.

The U.S. House of Representatives number __ with a _ and preface them with _____.

The US Senate numbers __ with a and preface them with _.

The six major steps of the Budget formulation are:

The Budget formulation phase starts as early as _____ months out.

CDFM Module 1

Budget execution starts with ________.

The issuance of Treasury Warrants are the _____ ______ action taken after the President signs the bill into law.

Continuing resolutions (CRs) initially last _____ days and are disigned to avoid violating the ________..

SF-133 are reported _____ to the Office of Management and Budget (OMB)

The size and complexity of the budget demands that the President take the recommendations of the ____ .

If Congress and the President do not complete action on all appropriation by ____ of September a _____ is passed by both houses to avoid a shutdown of government.

A Constitution amendment may be rarified when approved by _____ of the States.

The U.S. House of Representatives number ____ with a ___ and preface them with _____.

The US Senate numbers ____ with a ____ and preface them with ___.

The six major steps of the Budget formulation are:

The Budget formulation phase starts as early as _____ months out.

The issuance of Treasury Warrants are the _ __ action taken after the President signs the bill into law.

Continuing resolutions (CRs) initially last _ days and are disigned to avoid violating the ____..

If Congress and the President do not complete action on all appropriation by of September a _ is passed by both houses to avoid a shutdown of government.

The U.S. House of Representatives number __ with a _ and preface them with _____.

The US Senate numbers __ with a and preface them with _.