Resource Management Block 1
Identify Appropriated and Nonappropriated Funds procedures in a contingency environment.
- 1.What is established at deployed locations and is a permanent internal control, which provides a chronology of selected activities?
- A.
Continuity Folder
- B.
Activity Log Book
- C.
Life-of-the-Fund File
- D.
Services Control Log
- 2.What is an excellent management tool for familiarizing newly-assigned personnel with their duties, ensuring required tasks are accomplished in a timely and accurate manner? Also provides a convenient, organized file in which to maintain important correspondence on policies and procedures?
- A.
Continuity Folder
- B.
Activity Log Book
- C.
Life-of-the-Fund File
- D.
Services Control Log
- 3.What is the first step in the budgeting process?
- A.
Establish activity goals
- B.
Obtain budget limitations
- C.
Identify shortfalls
- D.
Identify the unit's mission
- 4.Which of the following is NOT a major responsibility of the budgeting process?
- A.
Standards
- B.
Operational
- C.
Administrative
- D.
Policy
- 5.What is a general term used to describe any document or evidence that a transaction took place?
- A.
Voucher
- B.
Journal
- C.
Ledger
- D.
Log
- 6.What is a tangible item with a life span of two years or more which does not lose it’s identity through use and has an individual cost of $1000 or more?
- A.
Liability
- B.
Current Asset
- C.
Fund Equity
- D.
Fixed Asset
- 7.What is a two-digit code used to link income and expenses to the appropriate cost centers called?
- A.
General Ledger Accounting Code (GLAC)
- B.
Cost Center Code (CCC)
- C.
NAF Identity Code (NAFID)
- D.
Transaction Code
- 8.Who ensures there is a separation of responsibility for purchasing and receiving, either APF or NAF items?
- A.
Custodian
- B.
Services NCOIC
- C.
Services Commander
- D.
Site Commander
- 9.Who authorizes the establishment and the amount of all change funds?
- A.
Activity Manager
- B.
Services Commander
- C.
Security Police
- D.
Site Commander
- 10.Under whose supervision should inventories be conducted?
- A.
SVS Superintendent
- B.
First Sergeant
- C.
Manager or designated representative
- D.
SVS/CC
Questions: 10 | Attempts: 32252 | Last updated: Nov 24, 2021
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