| 1) Which of the following is NOT part of the apportionment process? | | Apportionment | | Authorization | | Allotment | | Allocation | |
| 2) Which of the following is true concerning below-threshold reprogrammings in Research, Development, Test & Evaluation (RDT&E) appropriations? (Select one answer) | | The amount added to an existing Project must be less than $2 million | | The amount added to an existing Line Item must be less than $2 million | | The amount added to an existing Budget Activity must be less than $10 million | | The amount added to an existing Program Element must be less than $10 million | |
| 3) Time now is November 2014 (FY 15). Which of the following appropriations is CANCELLED at this time? Select all that apply. (Three correct answers) | | FY 2007 Aircraft Procurement, Navy | | FY 2008 RDT&E, Army | | FY 2009 Operations & Maintenance, Army | | FY 2008 Military Construction, Defense-Wide | |
| 4) All of the following may occur for acquisition programs whose actual obligations and expenditures appear to be significantly lower than their planned levels EXCEPT: | | Have their budget requests for future years adjusted by Component or OSD budget analysts | | Keep all or most of their funds by claiming that the variance is due to normal backlog at the government contracting officer | | Have some or all of their available funds reprogrammed in the year of execution to meet other needs | | Keep all or most of their funds if they can show that unusual problems are causing their actuals to appear lower than they really are | |
| 5) The Navy wants to move $5 million of aircraft procurement funds from the RAVEN aircraft line item to the KESTREL aircraft line item. Neither program is of special interest to Congress. This action requires: | | Below-threshold reprogramming | | Congressional notification reprogramming | | Congressional prior approval reprogramming | | Internal reprogramming | |
| 6) Your contractor complains that it has not been paid for an invoice submitted several months ago. Which one of the following is a potential cause of this problem? | | Disbursing Office matches the certified contractor payment request up to one or more existing obligations in the accounting system. | | Procuring Contracting Officer delayed award of the contract due to a protest | | DFAS Regional Finance Center failed to submit a voucher summary to the Treasury | | Items or services cited in the invoice could not be verified by the Administrative Contracting Officer | |
| 7) Which of the following information is NOT provided on the Contract Funds Status Report (CFSR)? | | Amount obligated on the contract | | Estimated termination costs | | Earned Value to date by Work Breakdown Structure element | | Forecast of billings to the government | |
| 8) Obligation and expenditure plans: | | Should always be coordinated with the regional Defense Finance and Accounting Service (DFAS) office | | Are prepared by the Program Management Offices | | Should include as many fourth-quarter obligations and expenditures as possible to minimize the possibility of falling behind the execution plan | | Should reflect the most optimistic schedule for executing funds | |
| 9) $150,000 was committed in February for a research and development contract to be awarded in May. Unfortunately, the lowest bid received by the Procuring Contracting Officer was $200,000. According to the rules governing commitments: (select one) | | A new commitment for an additional $200,000 should be recorded | | The official who authorized the original commitment need not take any action | | The original commitment amount must be increased to $200,000 before the obligation can be recorded | | The $200,000 obligation for the contract award can be recorded without adjusting the original commitment amount | |
| 10) Which of the following is a temporary impoundment of funds? | | Deferral | | Commitment | | Rescission | | Offset | |
| 11) Reimbursable orders are recorded as obligations when: (select one) | | The providing activity accepts the order in writing | | The providing activity performs the work or delivers the product ordered | | The ordering activity delivers the order to the providing activity | | The providing activity awards a contract to a third party to perform the work ordered | |
| 12) An operational Navy base used $150,000 of FY 2015 Operations and Maintenance (O&M) funds to award a janitorial contract covering the period June 2015 through October 2015. Assuming that janitorial contracts on this base are ordinarily financed with O&M funds, this action most likely: (select one) | | Violated the Misappropriation Act | | Violated the Antideficiency Act | | Did not violate any fiscal laws | | Violated the Bona Fide Need Rule | |
| 13) The unliquidated balance of a cancelled appropriation: (select one answer only) | | May be used to make new obligations | | May not be used to pay any bills | | Is added to a merged account | May be used to pay bills on the original obligation | |
