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CGFM Actual Exam Questions

Last updated on Dec. 13, 2024.
Vendor:Test Prep
Exam Code:CGFM
Exam Name:Certified Government Financial Manager
Exam Questions:203
97% Passed the exam with this material
 

Topic 1 - Single Topic

Question #1 Topic 1

According to the AGA Code of Ethics, a government agency contract manager using a vendor as a personal reference would constitute:

  • A. fraud.
  • B. professional incompetence.
  • C. a conflict of interest.
  • D. nepotism.
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Correct Answer: C 🗳️

Question #2 Topic 1

A government agency's mission statement should include:

  • A. services and accomplishments.
  • B. organizational structure and hierarchy.
  • C. major functions and goals.
  • D. performance measures and reports.
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Correct Answer: C 🗳️

Question #3 Topic 1

One way in which federal and state governments influence local governments is by:

  • A. providing block grants.
  • B. issuing ordinances.
  • C. authorizing debt.
  • D. setting budget authority.
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Correct Answer: A 🗳️

Question #4 Topic 1

A method used to assess accountability of state agencies includes:

  • A. a bond rating review.
  • B. program evaluation.
  • C. judicial review.
  • D. an ordinance compliance audit.
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Correct Answer: B 🗳️

Question #5 Topic 1

A discretionary grant is characterized by a:

  • 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.
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Correct Answer: C 🗳️

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