Fiscal law test questions Study guides, Class notes & Summaries
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023
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Fiscal Law Exam CLG 001 _ Questions And Answers 2023 
 
 
QUESTION 1 
 
1. Which of the following is a correct statement of Fiscal Law Philosophy: 
 
 If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. 
 Expenditure of appropriated funds is proper only when authorized by Congress. 
 If the commander says buy it, don’t worry about Fiscal Law Regulations. 
 Absent a specific prohibition, expending appropriated funds is ...
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal
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TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan 
Kitunen, Matthew Roman, Abraham Iqbal 
CHAPTER 1 
1) Which of the following is not considered to be a separate entity for tax purposes in 
Canada? 
A) An individual 
B) A proprietorship 
C) A corporation 
D) A trust 
2) Which of the following attitudes and actions is most likely to help decision-makers 
develop an efficient approach to taxation? 
A) Cash flows should be considered from a...
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Fiscal Law Test Questions with Correct Answers
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Fiscal Law Test Questions 
with Correct Answers 
 
Fiscal Law - ANSWER Body of law governing use of federal funds 
Fiscal Year - ANSWER 1 October ‐ 30 September 
Period of Availability - ANSWER Most appropriations available for obligation for 
limited time period 
Funds not obligated in timely manner generally expire 
Obligation - ANSWER Transaction legally binding the government to make 
payment 
E.g., place an order, award a contract, receive services 
Budget Authority - ANSWER Federal law p...
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Test Bank for Issues in Economics Today, 10th Edition by Robert Guell
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Test Bank for Issues in Economics Today 10e 10th Edition by Robert Guell. ISBN-13: 0623 
 
Full Chapters test bank are included 
 
Chapter 1: Economics: The Study of Opportunity Cost 
 
Chapter 2: Supply and Demand 
 
Chapter 3: The Concept of Elasticity and Consumer and Producer Surplus 
 
Chapter 4: Firm Production, Cost, and Revenue 
 
Chapter 5: Perfect Competition, Monopoly, and Economic versus Normal Profit 
 
Chapter 6: Every Macroeconomic Word You Ever Heard: Gross Domes...
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Fiscal Law Test Questions with 100% Correct Answers | Updated & Verified
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Fiscal Law Test Questions with 100% Correct Answers | Updated & Verified
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RSK2601 MCQ EXAM PACK 2024
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TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
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Fiscal Law Test Questions with Correct Answers
- Exam (elaborations) • 5 pages • 2023
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Fiscal Law Test Questions with Correct Answers 
Fiscal Law - ANSWER Body of law governing use of federal funds 
 
Fiscal Year - ANSWER 1 October ‐ 30 September 
 
Period of Availability - ANSWER Most appropriations available for obligation for limited time period 
 Funds not obligated in timely manner generally expire 
 
Obligation - ANSWER Transaction legally binding the government to make payment 
 E.g., place an order, award a contract, receive services 
 
B...
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Test Bank for International Economics, 18th Edition by Robert Carbaugh
- Exam (elaborations) • 976 pages • 2022
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Test Bank for International Economics 18e 18th Edition by Robert Carbaugh. ISBN-13: 8915 
 
Full Chapters test bank included 
 
Chapter 1: The International Economy and Globalization 
1-1 Globalization of Economic Activity 
1-2 Waves of Globalization 
1-3 The United States as an Open Economy 
1-4 Common Fallacies of International Trade 
1-5 Is International Trade an Opportunity or a Threat to Workers? 
1-6 Has Globalization Gone Too Far? 
1-7 The Plan of This Text 
Summary 
Key Concepts and Term...
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Fiscal Law Test Questions and Answers
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Fiscal Law Test Questions 
and Answers 
 
U.S. Fiscal Law - ANSWER Body of law which governs the use and availability 
Federal funds by Executive Agencies 
Fiscal Law is derived from... - ANSWER 1. US Constitution (Article I) 
2. US Code, Title 31 
3. FAR and subsequent regulations 
4. GAO and court rulings 
Fiscal Year - ANSWER Starts October 1 
End September 30 
Government Accountability Office (GAO) - ANSWER An investigative arm of 
Congress that issues opinions and reports to federal agencie...
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CDFM MODULE 1 Test - Questions and Answers 100% Correct 2023 Latest
- Exam (elaborations) • 36 pages • 2023
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CDFM MODULE 1 Test | Questions and Answers 100% Correct 2023 Latest. What prevents Congress and the President from unilaterally making laws and treaties? - 
correct answersSeparation of Power 
What give Congress the authority to make laws? - correct answersArticle 1, Section 8 of 
the Constitution 
Who reviews the constitution for interpretation of the constitution? - correct 
answersSupreme Court 
Who has the power to raise taxes given in Article 1 of the Constitution? - correct 
answersCongres...
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Fiscal Law Test Questions and Answers
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Fiscal Law Test Questions and Answers 
 
Congress that issues opinions and reports to federal agencies concerning the obligation and expenditure of public funds 
 
payment. 
 
available for original obligation. 
 
funds 
No money can be paid out of the treasury unless it has been appropriated by an act of Congress (Appropriations Clause) (Power of the purse)A statute passed annually by Congress that authorizes the appropriation of funds for programs and activities 
 
of the general welfare 
2.	F...
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