GOVT 462 Exam 1

GOVT 462 Exam 1 Liberty University Answers

2017

  1. Given the uniqueness of the Defense Budget, what process has been adapted to craft it?
  2. What is meant by ‘Sequestration?’
  3. A GSE is A Government Sponsored Enterprise typically excluded from the budget. Which of the following is not a GSE?
  4. True of False: More than half of the U.S. Budget consists of entitlements and mandatory spending.
  5. As part of the federal budget process, Congress is authorized to establish budget authority and outlays. What is meant by these terms?
  6. Which of the following is not true relative ‘Incremental Budgeting?’
  7. What is a supplemental appropriations bill?
  8. Congress is required by law to submit a budget resolution in April of each year. What does the congressional budget resolution consist of?
  9. What is meant by PAYGO, or Pay-As-You-Go?
  10. Under whose presidency was a federal executive budget promoted?
  11. What is ‘Rescission’?
  12. The scope of the US Budget consists of two types of spending: discretionary and mandatory. Within which category of spending do most entitlement programs fall?
  13. Which of the following is true about the Budget Enforcement Act of 1990?
  14. The Congressional Budget Act of 1974 allows for a procedure known as ‘Reconciliation.’ Which of the following best describes this procedure?
  15. The federal budget is first submitted by the President of the United States, and not Congress. When must the President submit his budget by law?
  16. What is true about how agency personnel operate during a budget cycle?
  17. Which of the following is not a type of appropriations bill?
  18. The President is required by law to submit his budget to Congress in February of each year. What does his budget consist of?
  19. Which of the following established the first executive budget?
  20. When does a fiscal year begin?
  21. Which of the following is true?
  22. What is the significance of the Omnibus Appropriations Act of 2009?
  23. To assert that ‘budgeting is ‘fragmented’ means that
  24. Which of the following indicates the existence of a budget deficit?
  25. Which of the following best summarizes the Antdeficiency Act of 1982?
  26. The Defense Budget is multifaceted and consists of many varying dimensions. Which two federal departments dominate the Defense Budget?
  27. True or False: Incremental budgeting is linked to the assumption that programs will continue close to the previous level of expenditures.
  28. Which of the following is true about the complexity of the budget process?
  29. Explain how the federal budget reflects conflicting commitments.
  30. Why is the Federal budgeting process political?
  31. This agency prepares the state of Virginia’s budget
  32. AMTRAK is an example of a
  33. Mandatory spending is also known as
  34. Virginia’s budget begins on
  35. In the state of Virginia, the largest source of revenue comes from
  36. The _______branch of government sets the agenda and established priorities to which the __________________branch of government must react.
  37. The following are examples of mandatory spending except
  38. The largest expenditure for the state of Virginia is
  39. expenditures refer to expensive and long-lasting goods.
  40. A continuing resolution is necessary when:
  41. Mandatory spending comprises roughly around _______% of the federal budget. Discretionary spending is ________% of the federal budget.
  42. A________________________ is a listing of categories of all transactions in a financial system.

2016

  1. True of False: Incremental budgeting is linked to the assumption that most agencies will receive a “fair share,” or proportion of funds. In this regard, most seasoned agencies anticipate funding in fair comparison to other agencies.
  2. Which of the following is true?
  3. Which of the following was not established through the Budget and Accounting Act of 1921?
  4. What is meant by ‘Sequestration?’
  5. Which of the following best describes ‘Debt‐Limit Legislation’?
  6. What is true about how agency personnel operate during a budget cycle?
  7. What is the purpose of the Office of Management and Budget (OMB)?
  8. Which of the following established the first executive budget?
  9. Which of the following is true about the complexity of the budget process?
  10. To assert that ‘budgeting is ‘fragmented’ means that
  11. What is meant by PAYGO, or Pay‐As‐You‐Go?
  12. True of False: More than half of the U.S. Budget consists of entitlements and mandatory spending.
  13. Which of the following best identifies the nature of the federal budget as a system or process?
  14. Please navigate to the Concurrent Resolution, H. Con. Res. 34 of the 112th Congress. What has Congress determined to be the appropriate level of new budget authority for fiscal year 2012 in functional budget category 150?
  15. Given the uniqueness of the Defense Budget, what process has been adapted to craft it?
  16. At what point in U.S history did Congress retroactively authorize Presidential appropriations from the U.S. Treasury, thus reversing the constitutional requirement of Article 1 Section 9, Clause 6; “No Money shall be drawn from the Treasury, but in consequence of Appropriations made by law”?
  17. The Congressional Budget Act of 1974 allows for a procedure known as ‘Reconciliation.’
Which of the following best describes this procedure?
  18. Please navigate to the Concurrent Resolution, H. Con. Res. 34 of the 112th Congress. What is the ‘recommended levels of Federal revenues’ Congress deems appropriate for Fiscal year 2012?
  19. Navigate to H.R. 2219, the FY2012 Defense Appropriations Act. Consider Title II, Operation and Maintenance. What monetary amount may the Secretary of the Army approve for ‘confidential military purposes’?
  20. What is a supplemental appropriations bill?
  21. Which of the following is true about the Budget Enforcement Act of 1990?
  22. Which of the following indicates the existence of a budget deficit?
  23. Which of the following is not a purpose for the Congressional Budget and Impoundment Control Act of 1974?
  24. What is the significance of the Omnibus Appropriations Act of 2009?
  25. Congressional structures that provide or mandate budget authority are
  26. Which of the following is not a type of appropriations bill?
  27. Which of the following is not true relative ‘Incremental Budgeting?’
  28. True/False: The Defense Budget makes no provision for fighting ‘potential’ wars.
  29. Which of the following does not relate a difficulty associated with establishing the Defense Budget?
  30. When does a fiscal year begin?
  31. The scope of the US Budget consists of two types of spending: discretionary and mandatory. Within which category of spending do most entitlement programs fall?
  32. What is ‘Revenue Legislation’?
  33. Congress is required by law to submit a budget resolution in April of each year. What does the congressional budget resolution consist of?
  34. The President is required by law to submit his budget to Congress in February of each year. What does his budget consist of?
  35. What is the purpose of the Congressional Budget Office (CBO)?
  36. A GSE is A Government Sponsored Enterprise typically excluded from the budget. Which of the following is not a GSE?
  37. Which of the following best summarizes the Antdeficiency Act of 1982?
  38. Under whose presidency was a federal executive budget promoted?
  39. The Defense Budget is multifaceted and consists of many varying dimensions. Which two federal departments dominate the Defense Budget?
  40. The Congressional budgetary process during the first 75 years of the Republic (1789‐1864) was extremely ‘simple’ compared to the current process. Which of the following represents this early, uncomplicated budget process?
  41. The federal budget is first submitted by the President of the United States, and not Congress. When must the President submit his budget by law?
  42. True/False: The Defense Budget includes ‘secret funds’ on weapons systems.
  43. According to Wildavsky, which of the following is not true of ‘classical budgeting?’
  44. As part of the federal budget process, Congress is authorized to establish budget authority and outlays. What is meant by these terms?
  45. The US budget consists of two different types of funds, or accounts. Which of the follow does not represent one of these accounts?
  46. True or False: Incremental budgeting is linked to the assumption that programs will continue close to the previous level of expenditures.
  47. Which of the following generally outlines the federal budgetary cycle?
  48. What is a regular appropriations bill?
  49. What is ‘Rescission’?
  50. Reconciliation is also referred to as
Purchase the answer key
$4.99
Add to Cart
  • Find by class