Reference no: EM131849687

Instructions: For each question indicate whether the statement is true or false and provide a justification for your response. 

• Conservative approaches to regulatory policy regarding individual conduct always reduce the level of government intervention in society.
• The 2016 cut-off for OASDI (social security) payroll taxes on income above $118,500 is consistent with the "benefits received" principle of taxation.
• The "necessary expense" doctrine requires that all defense expenditures be vital to the success of authorized programs.
• The POM process ensures that new strategic requirements receive first priority when determining the funded DoN programs of record for the fiscal year.
• The planning phase of PPBE determines the goals, objectives, operating concepts and desired capabilities of the military.
• The programming process of integrating individual program proposals into a comprehensive plan for the Office of the Secretary of Defense ensures that all sub-components are provided with optimal funding.
• Budgeting for reductions in resources often requires a more comprehensive analysis than budgeting for incremental increases.