#1
What does GFEBS stand for?
General Fund Enterprise Business System
ExplanationComprehensive financial system used by the U.S. Army.
#2
Which of the following modules is NOT typically included in GFEBS?
Human Resources
ExplanationGFEBS does not usually include HR functionalities.
#3
Which of the following is NOT a core functionality of GFEBS?
Travel Management
ExplanationGFEBS does not typically handle travel management.
#4
What is the primary goal of GFEBS?
To streamline financial management for the U.S. Army
ExplanationStreamlines financial management specifically for the U.S. Army.
#5
Which department within the U.S. Army is primarily responsible for managing GFEBS?
Department of the Army
ExplanationManaged by the Department of the Army.
#6
What is the main purpose of the GFEBS Budgeting and Planning module?
To create and manage budgets
ExplanationFacilitates the creation and management of budgets.
#7
What is the primary purpose of the GFEBS system?
To provide financial management capabilities
ExplanationFocuses on enhancing financial management for the U.S. Army.
#8
Which agency oversees the implementation and management of GFEBS?
Department of Defense
ExplanationDOD is responsible for GFEBS oversight.
#9
What role does GFEBS play in budgeting?
It allows users to create budgets and tracks spending against them.
ExplanationFacilitates budget creation and monitoring.
#10
Which government entities primarily use GFEBS?
Federal agencies
ExplanationMainly utilized by various federal agencies.
#11
Which phase of the financial management process does GFEBS primarily support?
Budget execution
ExplanationPrimarily supports the budget execution phase.
#12
What is the purpose of the General Fund Enterprise Business System (GFEBS)?
To provide real-time financial data for the U.S. Army
ExplanationProvides real-time financial data specifically for the U.S. Army.
#13
What is one of the main advantages of using GFEBS for financial management?
Improved financial transparency
ExplanationEnhances transparency in financial operations.
#14
What is the significance of GFEBS in terms of auditability?
It increases auditability by providing transparent financial data.
ExplanationEnhances auditability through transparent financial data.
#15
Which of the following is a benefit of implementing GFEBS?
Improved decision-making capabilities
ExplanationEnhances decision-making through better financial insights.
#16
Which of the following is a key feature of GFEBS?
Real-time financial data
ExplanationProvides real-time data for effective financial management.
#17
What role does GFEBS play in asset management?
It monitors equipment depreciation
ExplanationMonitors depreciation for effective asset management.
#18
Which of the following best describes the integration capability of GFEBS?
It can seamlessly integrate with other systems
ExplanationCapable of seamless integration with other systems.