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CDFM MODULE 2 (questions with actual answers)

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  • Course
  • CDFM - Certified Defense Financial Manager
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  • CDFM - Certified Defense Financial Manager

CDFM MODULE 2 (questions with actual answers)

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  • September 22, 2024
  • 34
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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CDFM MODULE 2 (questions with actual
answers)
The DoD biennially uses this process acquire, allocate, account for, and analyze personnel and financial
resources. ANS -PPBS



Department of Defense principal resource management organization. ANS -Defense Resourses Board



Principal forum for consideration of national security and foreign policy matters. ANS -National Security
Council



Which of the following documents are not part of the PPBS System. ANS -Program Budget
Memorandum



Summarizes all forces, resources, and equipment associated with programs approved by the SECDEF.
ANS -Future Years Defense Program



This document assesses present threat, defense policy, strategy, resource planning, and provides fiscal
guidance. ANS -Defense Planning Guidance



Funds that are postponed or withheld from obligation until released by OMB. ANS -Deferral



Obligating documents include: ANS -Contracts Military Interdepartmental Purchase

Project Orders Economy Orders



DoD Appropriation valid for five years. ANS -Shipbuilding and Conversion



Selling prices established in the budget are stabilized or fixed during execution. ANS -Defense Working
Capital Fund

,Monies not appropratied by Congress that are generated primarily from the sale of goods and services
are know as what? ANS -Non-Appropriated Funds



Budget committees report First Concurrent Resolution by: ANS -April 15



What OMB Circular governs the Instruction of Budget Execution? ANS -OMB Circular A-34



Which Standard Deviation reflects that 95% of the sample represents the population? ANS -2 Standard
Deviation



The learning curve theory states: ANS -As the quantity of a product produced doubles, the man hours
needed decreases at a fixed rate



Which cost estimating methods is known as the statistical method? ANS -Parametric Approach



What is the name of the process in which a government entity remains fully responsible for the
provision of affected services and maintains control over management decisions, while another entirty
operate the function or performs the service? ANS -Outsourcing



This act requires all expenditures must be tied to annual performance goals and objective. ANS -
Government Performance and Results Act



The Food and Forage Act is: ANS -41 U.S.C. 11



The process used to acquire, allocate, account for, and analyze personnel and financial resources for the
Department of Defense (DoD) is a: ANS -Biennial process.



The PPBS was initiated by: ANS -Secretary McNamara in the 1960s.



The principal resource management organization for the Department of Defense is: ANS -Defense
Resources Board (DRB).

,The Defense Resources Board (DRB): ANS -1 Reviews guidance for planning and programming. 2
Evaluates high-priority programs.

3 Considers effect of resource decisions on baseline cost, schedule, performance of major acquisition
programs.

4 Is the Department of Defense principal resource management organization.



The Program Review Group: ANS -Is a working group subordinate to the Defense Resources Board (DRB).
Identifies major issues, analyzes them and develops decision options for the DRB. Is chaired by the
Director PA&E.



The Defense Acquisition Board (DAB): ANS -...



The Joint Requirements Oversight Council (JROC): ANS -Explores new alternatives for assessing joint
military war fighting capabilities and requirements.



When realigning funds from planned requirements to unfunded requirements: ANS -The unfunded
requirement must be unanticipated and a higher priority than a funded requirement.



Some of the environmental factors that influence decisionmakers when examining and analyzing
decisions under the PPBS include: ANS -Threat Political and Economic considerations Technological
Issues Available Resources



The PPBS Officials who exercise centralized control of executive policy direction are: ANS -Secretary and
Deputy Secretary of Defense



The Under Secretary of Defense (Comptroller): ANS -Coordinates the presentation and justification of
the budget to Congress.



The Joint Chiefs of Staff and Commanders-in-Chief are: ANS -Have input to and/or review of every
product and step of the process up to and including the Defense Planning Guidance.



Which of the following is NOT a key planning document for the PPBS? ANS -Funding Authoriztion
Document

, What are the 3 major elements of the PPBS? ANS -Planning Programming Budget



What is the name of the automated database that summarizes all forces, resources and equipment
associated with programs approved by the Secretary of Defense? ANS -Future Years Defense Progam



What is the title of the final document of the planning phase? ANS -Defense Planning Guidance



Who serves as the Chairman of the National Security Council? ANS -President



How Frequently is DOD funding reviewed? ANS -Annually



The Under Secretary of Defense (Acquistion, Technology & Logistics) serves as the Chairman of what
board? ANS -Defense Acquisition Board



Which Document, as amended by PDM, provides approved program baselines for budget submissions?
ANS -Program Objective Memorandum



What is the phase of the PPBS processs, in which programmatic decisions are translated into resources
in an approprations format? ANS -Budet development or budgeting



This organization checks the balance and capabilities of composite force and support levels
recommended by service POMs: ANS -Chairman's Program Assessment



During which event do OSD analysts draft Program Budget Decisions for review and coordination? ANS -
Budget Review or Fall Review



Which document reflects SECDEF decisions regarding appropiate program and funding that will be
included in the annual defense budget request to the President? ANS -Program Budget Decisions



What are requests for funds in addition to amounts already appropriated? ANS -Supplemental

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