Certified Defense Financial Manager (CDFM) Exam 1 Practice
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About this Exam
Prepare with the Certified Defense Financial Manager (CDFM) Exam 1 Practice practice quiz. This question bank includes 10 questions covering programs, cost, federal, affirmative, and action. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.
Sample Questions
Question
1
Spending that is controlled by laws other than appropriations acts (including entitlement programs and the food stamp program) is known as?
Explanation:
Spending controlled by laws other than appropriations acts is spending that is mandated by statute rather than decided each year through the appropriations process. Entitlement programs like Social Security, Medicare, Medicaid, and SNAP operate under formulas and eligibility rules set by law, so benefits are paid automatically as those laws dictate. That’s why this is called mandatory spending—the spending happens by statute, not by annual funding bills. Discretionary spending, in contrast, is determined through yearly appropriations acts, and revenue is the government’s income, not a type of spending. While some materials may use the term Direct (Mandatory) Spending, the standard label here is mandatory spending.
Question
2
True or False: All data in the three federal financial reports are presented for past and current years.
Explanation:
Two-year comparatives are built into the federal financial reports. Each of the three main statements presents figures for the current fiscal year alongside the prior year, so readers can see how financial position and costs have changed over time. This setup supports trend analysis, accountability, and informed decision-making. Notes may include additional historical data, but the primary presentation emphasizes the current year and the immediately preceding year. Therefore, the statement that all data are presented for past and current years is correct.
Question
3
By law, who does SECDEF submit the QDR to?
Explanation:
The key idea here is how defense planning is overseen by lawmakers. The Quadrennial Defense Review is a legally required, long-range assessment of defense strategy, forces, and resource needs meant to inform Congress about the department’s direction for roughly the next two decades. By law, the Secretary of Defense must submit this review to Congress so lawmakers have a direct, official view of plans and priorities to guide oversight, authorization, and budgeting. Briefings to the President or to the Joint Chiefs of Staff happen as part of the process, but the formal submission is to Congress. The Congressional Budget Office may analyze the implications, but it is Congress—the legislative branch—that is the designated recipient. This structure ensures congressional oversight and alignment between strategic planning and budget decisions.
Question
4
In which phase are monetary and non-monetary benefits identified?
Explanation:
In the Reporting phase, results are compiled and communicated to leadership and stakeholders, and this is where benefits are identified and documented. You capture both monetary benefits (like cost savings, avoidances, or revenue increases) and non-monetary benefits (such as improved mission capability, risk reduction, or stakeholder satisfaction) so the program’s value is clearly demonstrated. This phase provides the evidence needed for evaluation, accountability, and informed decision-making, showing what was achieved and how it aligns with objectives. Other phases focus on planning, execution, or validation, while the formal identification and presentation of these benefits for decision support happens during reporting.
Question
5
Intent is considered in determining whether an ADA took place.
Explanation:
Disability discrimination under the ADA is judged by the effect of the action or policy on people with disabilities, not the person’s intent. The ADA prohibits discrimination and requires reasonable accommodations or access, so a policy can violate the law through discriminatory impact even if no one meant to discriminate. For example, a facility with architectural barriers or a workplace policy that blocks reasonable accommodations can be liable regardless of management’s intentions. While intent might matter in some defenses or nuances, it is not what determines a violation; the outcome for people with disabilities does.
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Certified Defense Financial Manager (CDFM) Exam 1 Practice
This practice set contains 10 questions from the matching question bank and focuses on programs, cost, federal, affirmative, and action. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.
This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.
Frequently Asked Questions
This quiz contains a total of 10 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.
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