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2023-2024 CDFM Module 1 Practice Exam with Answers (431 Solved Questions)

Use 2023-2024 CDFM Module 1 Practice Exam with Answers to familiarize yourself with the exam format, providing solved questions and real exam scenarios.

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CDFM MODULE 1 EXAM 2023-2024250 QUESTIONSAND CORRECT ANSWERSWhich agency issues directions for use by other agencies in submittingtheir budget estimates?--answer-office of management and budget ombWhat type of legislation provides an agency with budget authority?--answer-appropriation acts provide budget authorityWhat term is used to describe a subdivision of an apportionment?--answer-allotmentWhat agency issues apportionment's?--answer-office of management ofbudget ombWhich branch of government conducts hearings on the effectiveness ofgovernment programs?--answer-legislative congressIn the federal budget process, which organizations actually preparebudget estimates?--answer-federalagenciesWhat is the largest single source of federal tax revenue?--answer-individual income tax 43 percentWhat are therequests for funds in addition to amounts alreadyappropriated called?--answer-supplementalWhat financial control document is issued by the treasury departmentfollowing signature of the appropriation act?--answer-appropriationwarrantWhat term describes postponement in the use of appropriated funds?--answer-deferralWhat term describes a cancellation of appropriated funds?--answer-recession

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