27.One-year appropriations obligated on an Economy Act agreement must be deobligated at the end of the statutory period of availability if the performing agency has not incurred any valid obligations under the agreement.

A. True B. False

28.A committment is an administrative reservations of funds in an amount conservatively estimated to be sufficient to cover the additional obligations that probably will materialize based on judgment and experience.

A. True B. False

29.Work performed under a project order must represent a need present in the fiscal year in which the project order is issued, require a series of actions over a period of time which may cross a fiscal year, and call for work or services that are not severable between fiscal years.

A. True B. False