Fiscal Law Final Exam (Version 2). Questions And Answers. Latest 2022

Fiscal Law Final Exam (Version 2). Questions And Answers. Latest 2022.QUE ST ION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUE ST ION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a computer system that the Post Engineer will use to track work orders and inventory. This $15,000 computer system is readily available within a few days from any of several local vendors. The Post Engineer intends to place the system in a warehouse for which ...

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