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Quiz

1/10
According to the AGA Code of Ethics, a government agency contract manager using a vendor as a personal reference would constitute:
Select the answer
1 correct answer
A.
fraud.
B.
professional incompetence.
C.
a conflict of interest.
D.
nepotism.

Quiz

2/10
A government agency’s mission statement should include:
Select the answer
1 correct answer
A.
services and accomplishments.
B.
organizational structure and hierarchy.
C.
major functions and goals.
D.
performance measures and reports.

Quiz

3/10
One way in which federal and state governments influence local governments is by:
Select the answer
1 correct answer
A.
providing block grants.
B.
issuing ordinances.
C.
authorizing debt.
D.
setting budget authority.

Quiz

4/10
A method used to assess accountability of state agencies includes:
Select the answer
1 correct answer
A.
a bond rating review.
B.
program evaluation.
C.
judicial review.
D.
an ordinance compliance audit.

Quiz

5/10
A discretionary grant is characterized by a:
Select the answer
1 correct answer
A.
transfer of funds based upon a formula.
B.
transfer of funds for broadly-defined purposes.
C.
transfer of funds for specific purposes.
D.
voluntary contribution that confers no rights nor benefits to the giver.

Quiz

6/10
A formal estimate of the resources a government or government unit plans to expend in a given period is a:
Select the answer
1 correct answer
A.
PAR.
B.
CAFR.
C.
budget.
D.
cost benefit analysis.

Quiz

7/10
Managerial accounting helps officials measure the cost-effectiveness of operations by:
Select the answer
1 correct answer
A.
forecasting future revenue needs.
B.
controlling expenses under budgetary law.
C.
combining financial and non-financial data.
D.
demonstrating compliance with applicable laws and regulations.

Quiz

8/10
Debt refunding proceeds would be reported as:
Select the answer
1 correct answer
A.
a revenue.
B.
a liability.
C.
an other financial use on the operating statement.
D.
an other financing source on the operating statement.

Quiz

9/10
A program accountability study can be used to determine all of the following EXCEPT:
Select the answer
1 correct answer
A.
the extent to which a program has been correctly implemented.
B.
whether program funds are being expended properly.
C.
whether the program is reaching its intended goal.
D.
if budgets were allocated equitably.

Quiz

10/10
Based upon the performance measures report below provided to a local governmental oversight committee, what conclusions may be made? Exam Dumps GFOA-CPFO GFOA GFOA-CPFO 2-3114135525
Select the answer
1 correct answer
A.
More fire engines and fire companies are needed.
B.
The arson task force fielded in FY07 is having a significant impact.
C.
A fire engine bond issuance is needed.
D.
State fire marshal mandates are being met.
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  • Quiz name:GFOA-CPFO
  • Total number of questions:203
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