Question 1

What two forms of impoundments were created by the Congressional Budget and Impoundment Control Act?

Accepted Answer

Rescissions and deferrals

Question 2

The 1974 congressional budget reform created, for the first time, the requirement that the Congress pass a budget resolution as a blueprint for the budget.

Accepted Answer

A) True 
 B)False  True

Question 3

Except in instances where new presidents have just taken office, the law requires a president to submit his budget to Congress no later than the first Monday in February.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is not a role of the Congressional Budget Office?

Accepted Answer

A)  Conducting policy research on issues before Congress 
B)  Recommending which policy options should be chosen by Congress 
C)  Developing the baseline or starting point for the budget resolutions 
D)  Estimating the costs of proposed legislation 
A)  Conducting policy research on issues before Congress 
B)  Recommending which policy options should be chosen by Congress 
C)  Developing the baseline or starting point for the budget resolutions 
D)  Estimating the costs of proposed legislation

Question 5

If Congress has not enacted a budget resolution by April 15th, the appropriations committees can begin to act on appropriation bills without any limits that would have been imposed by the budget resolution.

Accepted Answer

A) True 
 B)False

Question 6

What do we call an action that is taken by both houses of the U.S. Congress that does not require the President's signature and represents a blueprint for the budget with aggregate budget numbers?

Accepted Answer

A concurrent resolut

Question 7

Which of the following is not a result of the Budget Act of 1974?

Accepted Answer

A)  Budget resolutions 
B)  Congressional Budget Office 
C)  The requirement that the President submit a budget proposal 
D)  Congressional Budget Committees 
A)  Budget resolutions 
B)  Congressional Budget Office 
C)  The requirement that the President submit a budget proposal 
D)  Congressional Budget Committees

Question 8

What was the principal objective of the Gramm-Rudman-Hollings legislation?

Accepted Answer

To reduce the size of the fede

Question 9

Most of the current federal budget procedures result from which two laws?

Accepted Answer

The Budget and Accounting Act

Question 10

Describe two federal budget reforms proposed, the problem or problems they propose to solve, their potential impact, and their likelihood of success.

Accepted Answer

One proposed federal budget reform is th

Question 11

Since 1985, which are the only four years when the United States enjoyed a budget surplus?

Accepted Answer

A)  1998-2001 
B)  1994-1997 
C)  1984-1987 
D)  1988-1991 
A)  1998-2001 
B)  1994-1997 
C)  1984-1987 
D)  1988-1991

Question 12

What is the name of the process created by the Gramm-Rudman-Hollings legislation to impose budget reductions if budget deficit targets were not reached?

Accepted Answer

A)  Reaffirmation 
B)  Impoundment 
C)  Revision 
D)  Sequestration 
A)  Reaffirmation 
B)  Impoundment 
C)  Revision 
D)  Sequestration

Question 13

Congress has fully complied with the limits on discretionary spending included in the Budget Control Act of 2011.

Accepted Answer

A) True 
 B)False

Question 14

Which federal law act ran afoul of the Presentment Clause of the U.S. Constitution because it permitted a President to unilaterally unmake law that had been passed by both houses of Congress?

Accepted Answer

A)  American Recovery and Reinvestment Act 
B)  Line Item Veto Act 
C)  Taxpayer Relief Act 
D)  Omnibus Healthcare Act 
A)  American Recovery and Reinvestment Act 
B)  Line Item Veto Act 
C)  Taxpayer Relief Act 
D)  Omnibus Healthcare Act

Question 15

Which of the following committees of the U.S. Congress fashions tax legislation that generates revenue for the federal government?

Accepted Answer

A)  The House Ways and Means Committee 
B)  The Senate Finance Committee 
C)  Both of these are correct. 
D)  Neither of these are correct. 
A)  The House Ways and Means Committee 
B)  The Senate Finance Committee 
C)  Both of these are correct. 
D)  Neither of these are correct.

Question 16

What do we call a proposal by the President to cancel part of or all of the funds of a given appropriation already approved by the Congress?

Accepted Answer

A)  Rescission 
B)  Recession 
C)  Referral 
D)  Deferral 
A)  Rescission 
B)  Recession 
C)  Referral 
D)  Deferral

Question 17

The government shutdown that occurred in late 2017 into 2018, at 35 days, was the longest in U.S. history.

Accepted Answer

A) True 
 B)False

What two forms of impoundments were created by the Congressional Budget and Impoundment Control Act?

The 1974 congressional budget reform created, for the first time, the requirement that the Congress pass a budget resolution as a blueprint for the budget.

Except in instances where new presidents have just taken office, the law requires a president to submit his budget to Congress no later than the first Monday in February.

Which of the following is not a role of the Congressional Budget Office?

If Congress has not enacted a budget resolution by April 15th, the appropriations committees can begin to act on appropriation bills without any limits that would have been imposed by the budget resolution.

What do we call an action that is taken by both houses of the U.S. Congress that does not require the President's signature and represents a blueprint for the budget with aggregate budget numbers?

Which of the following is not a result of the Budget Act of 1974?

What was the principal objective of the Gramm-Rudman-Hollings legislation?

Most of the current federal budget procedures result from which two laws?

Describe two federal budget reforms proposed, the problem or problems they propose to solve, their potential impact, and their likelihood of success.

Since 1985, which are the only four years when the United States enjoyed a budget surplus?

What is the name of the process created by the Gramm-Rudman-Hollings legislation to impose budget reductions if budget deficit targets were not reached?

Congress has fully complied with the limits on discretionary spending included in the Budget Control Act of 2011.

Which federal law act ran afoul of the Presentment Clause of the U.S. Constitution because it permitted a President to unilaterally unmake law that had been passed by both houses of Congress?

Which of the following committees of the U.S. Congress fashions tax legislation that generates revenue for the federal government?

What do we call a proposal by the President to cancel part of or all of the funds of a given appropriation already approved by the Congress?

The government shutdown that occurred in late 2017 into 2018, at 35 days, was the longest in U.S. history.

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

Budget Cycles

Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes

Budgeting for Revenues: Transaction-Based Revenue Sources

Budget Preparation: The Expenditure Side

Budget Preparation: The Decision Process

Budget Approval: The Role of the Legislature

Budget Execution

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Capital Finance and Debt Management

Intergovernmental Relations

Comparing the Great Recession and the COVID-19 Recession: Causes, Responses, and Effects

Filters

Exam 10: Budget Approval: The US Congress

What two forms of impoundments were created by the Congressional Budget and Impoundment Control Act?

The 1974 congressional budget reform created, for the first time, the requirement that the Congress pass a budget resolution as a blueprint for the budget.

Except in instances where new presidents have just taken office, the law requires a president to submit his budget to Congress no later than the first Monday in February.

Which of the following is not a role of the Congressional Budget Office?

If Congress has not enacted a budget resolution by April 15th, the appropriations committees can begin to act on appropriation bills without any limits that would have been imposed by the budget resolution.

What do we call an action that is taken by both houses of the U.S. Congress that does not require the President's signature and represents a blueprint for the budget with aggregate budget numbers?

Which of the following is not a result of the Budget Act of 1974?

What was the principal objective of the Gramm-Rudman-Hollings legislation?

Most of the current federal budget procedures result from which two laws?

Describe two federal budget reforms proposed, the problem or problems they propose to solve, their potential impact, and their likelihood of success.

Since 1985, which are the only four years when the United States enjoyed a budget surplus?

What is the name of the process created by the Gramm-Rudman-Hollings legislation to impose budget reductions if budget deficit targets were not reached?

Congress has fully complied with the limits on discretionary spending included in the Budget Control Act of 2011.

Which federal law act ran afoul of the Presentment Clause of the U.S. Constitution because it permitted a President to unilaterally unmake law that had been passed by both houses of Congress?

Which of the following committees of the U.S. Congress fashions tax legislation that generates revenue for the federal government?

What do we call a proposal by the President to cancel part of or all of the funds of a given appropriation already approved by the Congress?

The government shutdown that occurred in late 2017 into 2018, at 35 days, was the longest in U.S. history.

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

Budget Cycles

Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes

Budgeting for Revenues: Transaction-Based Revenue Sources

Budget Preparation: The Expenditure Side

Budget Preparation: The Decision Process

Budget Approval: The Role of the Legislature

Budget Execution

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Capital Finance and Debt Management

Intergovernmental Relations

Comparing the Great Recession and the COVID-19 Recession: Causes, Responses, and Effects

Filters