aspect of a program’s acquisition strategy, accounting homework help

1) Which one of the following is an aspect of a program’s acquisition strategy that would be of most interest to the business financial manager? Integrated digital environment Exit criteria Program resourcing Program Office staffing

2) Which one of the following is LEAST likely to be involved in the process that results in the Concurrent Budget Resolution? House Budget Committee Senate Budget Committee Congressional Budget Office Undersecretary of Defense (Comptroller)

3) Funds in the following types of appropriation accounts are not required to use commitment accounting: (select all that apply) Military Personnel Procurement RDT&E Operations and Maintenance

4) Which one of the following is true concerning below-threshold reprogrammings in Military Construction appropriations? The amount added to an existing Project must be less than $2 million or 25% of the Project’s original value, whichever is lower The amount added to an existing Line Item must be less than $20 million or 20% of the Project’s original value, whichever is lower The amount taken from an existing Line Item must be less than $20 million or 20% of the Line Item’s original value, whichever is greater The amount taken from an existing Program Element must be less than $10 million or 25% of the PE”s original value, whichever is greater

5) Below-threshold reprogramming actions are approved by: (select one) Individual DoD Components Program Managers Undersecretary of Defense (Comptroller) Congress

6) Time now is June 2015 (FY 2015). Which of the following appropriations is expired at this time? Select all that apply. FY 2013 RDT&E, Air Force FY 2011 Military Personnel, Navy FY 2009 O&M, Defense-Wide FY 2015 Procurement, Marine Corps

7) The President’s Budget requested $459 million for DoD’s REDBIRD Program. The House Appropriations Committee has decided to grant REDBIRD $459 million, while the Senate Appropriations Committee has decided to grant REDBIRD $440 million. At this point, DoD should appeal to: The Appropriations Conference for $459 million The Appropriations Conference for $440 million The Authorization Conference for $459 million The Authorization Conference for $440 million

8) Obligation and expenditure plans: (select one) Should be coordinated with the Administrative Contracting Officer Forecast the execution of a program’s funds Should include as many fourth-quarter obligations and expenditures as possible to minimize the possibility of falling behind the execution plan Are prepared at the Service Headquarters level

9) Which of the following would normally be permitted under a Continuing Resolution? Obligating a program’s entire amount of annual funding during the period of the continuing resolution Spending at the current rate of operations Initiating a new start Increasing the procurement quantity of a weapon system above the number authorized by Congress

10) A Procuring Contracting Officer just signed a contract citing $500,000 of RDT&E funds based on the WHIZKIT program comptroller’s certification of funds. Shortly afterward, it was discovered that the contract should have been funded with a procurement appropriation and that the WHIZKIT program was only formally allocated $400,000 of such procurement funds. As a result, this action most likely: (select one) Violated the Antideficiency Act and the Bona Fide Need Rule Violated the Bona Fide Need Rule and the Misappropriation Act Violated both the Antideficiency Act and the Misappropriation Act Violated only the Misappropriation Ac

 

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