Resource Management Block 1

10 Questions | Total Attempts: 26

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Resource Management Quizzes & Trivia

Identify Appropriated and Nonappropriated Funds procedures in a contingency environment.


Questions and Answers
  • 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