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Basic Fiscal Law TOP PREDICTED EXAM QUESTIONS & ANSWERS
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"The established rule is that the expenditure of public funds is proper only when authorized by 
Congress," describes _____ -Affirmative Authority 
______ has the ability to appropriate funds to be spent by the federal government. - 
Congress 
The three main elements that must be met before funds are obligated are -Purpose
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Basic Fiscal Law Questions and Answers 100% Pass
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Basic Fiscal Law Questions and 
 
Answers 100% Pass 
 
"The established rule is that the expenditure of public funds is proper only when authorized by 
Congress," describes _____ Affirmative Authority 
 
______ has the ability to appropriate funds to be spent by the federal government. Congress 
 
The three main elements that must be met before funds are obligated are Purpose 
Time 
Amount 
 
To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) 
developed ...
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BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
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BASIC FISCAL LAW 2024 QUESTIONS AND 
ANSWERS PASSED AND VERIFIED. 
"The established rule is that the expenditure of public funds is proper only 
when authorized by Congress," describes _____ - CORRECT ANSWER 
Affirmative Authority 
______ has the ability to appropriate funds to be spent by the federal 
government. - CORRECT ANSWER Congress 
The three main elements that must be met before funds are obligated are - 
CORRECT ANSWER Purpose 
Time 
Amoun
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BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
- Exam (elaborations) • 2 pages • 2024
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BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. 
BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. 
BASIC FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
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Basic Fiscal Law Exam Questions with Correct Answers
- Exam (elaborations) • 1 pages • 2023
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"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ Correct Answer Affirmative Authority 
 
______ has the ability to appropriate funds to be spent by the federal government. Correct Answer Congress 
 
The three main elements that must be met before funds are obligated are Correct Answer Purpose 
Time 
Amount 
 
To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) developed the concept
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Basic Fiscal Law Exam Review
- Exam (elaborations) • 2 pages • 2023
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Basic Fiscal Law Exam Review
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Basic Fiscal Law -Exam with correct Answers
- Exam (elaborations) • 1 pages • 2022
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"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ - ANSWER Affirmative Authority 
 
______ has the ability to appropriate funds to be spent by the federal government. - ANSWER Congress 
 
The three main elements that must be met before funds are obligated are - ANSWER Purpose 
Time 
Amount 
 
To apply reasonably discretion and flexibility, the Government Accountability Office (GAO) developed the concept known as the _____...
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