ASSIGNMENT 2 Textbook Assignment: “Financial Management of Resources,”   pages 2-1 through 2–16 and “Material Receipt,”   pages 3-1 through 3–18. 2-1. The Navy must keep accounts to show how its money is spent through which of the following functions? 1. Show the receipt and expenditure of public funds 2. Account for government money, material,   and property on hand 3. Record the cost of all operations 4. All of the above 2-2. Although as an Aviation Storekeeper (AK) you are not an accountant or bookkeeper in keeping operating target (OPTAR) records and submitting required reports, you are accounting for public funds. 1. True 2. False 2-3. The position of resource manager can only be held by a military person. 1. True 2. False 2-4. For aviation funds accounting purposes, squadrons are referred to as 1. field activities 2. major claimants 3. aviation operating forces 4. accounting and disbursing centers 2-5. The budgeted amount within an operating budget approved in a fixed amount for incurring obligations or unfilled orders is called a/an 1. obligation authority 2. expense limitation 3. unfilled order 4. work unit 2-6. Which of the following commands or activities are NOT included in ship operating forces? 1. Active fleet ships 2. All shore activities 3. Amphibious battalions 4. Staff and commands 2-7. Unfilled order chargeable documents are assembled and forwarded to what official or activity by the OPTAR holder? 1. TYCOM 2. NAVAIR 3. FAADC 4. CNO 2-8. What program provides the responsible commanders with a budget that includes All costs incurred instead of allotments to cover only limited portions of those costs? 1. Accrual accounting 2. Budgeting 3. OPTAR 4. RMS 2-9. Of the four subsystems that make up the RMS, an AK would be most concerned with which one? 1. Programing and budgeting 2. Management of resources for operating units 3. Management of inventory and similar assets 4. Management of acquisition, use, and disposition of capital assets 8