FOB105 Financial Management Body of Knowledge (FMBOK) 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

True or False: The Anti-Deficiency Act allows for flexibility in budget management.

True

False

The Anti-Deficiency Act is a federal law that prohibits government agencies from exceeding their appropriated budgets. It is designed to ensure that public funds are managed responsibly and that agencies do not spend more than they have been allocated by Congress. Due to this strict framework, the Act does not allow for flexibility in budget management under normal circumstances.

While there might be certain mechanisms in place for exceptions, like emergencies, the overall intent of the Act is to maintain strict compliance with budgetary constraints. Therefore, the characterization of the Anti-Deficiency Act as a source of flexibility in budget management is indeed inaccurate. Thus, the statement is false.

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Only in emergency situations

False with conditions

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