CDFM Module 1: Resource Management Environment

CDFM Module 1: Resource Management Environment practice questions, page 2 of 4, with answer review and explanations.

Question 6

When does the Budget Formulation phase of the Planning, Program, Budget, and Execution System (PPBES) end?

  1. When the President sends the budget to Congress on the first Monday in February.
  2. When the Office of Management and Budget (OMB) sends guidance to the Executive Branch agencies in the spring.
  3. When the President signs the National Defense Authorization Act (NDAA).
  4. When OMB sends the Passback to the Executive Branch agencies in late November.

Question 7

Which term describes the personal financial burden that Certifying Officers and Disbursing Officers carry for repaying incorrect payments, certifications, and disbursements from their personal funds?

  1. Presumption of Negligence
  2. Payment Reclamation Responsibility
  3. Additional Adverse Accountability
  4. Pecuniary Liability

Question 8

Which statute states that appropriations shall be applied only to the objects for which the appropriations were made except as otherwise provided by law?

  1. Time
  2. Amount
  3. Anti-Deficiency
  4. Purpose

Question 9

Which component of the GAO Standards for Internet Control in the Federal Government ensures that management and employees have a positive attitude regarding controls?

  1. Monitoring
  2. Control environment
  3. Control activities
  4. Information and communications

Question 10

What OMB Circular establishes federal policy for the review of competition of commercial activities?

  1. A-11
  2. A-14
  3. A-76
  4. A-130