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CGFM Part 1 – Questions With Solutions (Rated A+) $12.99   Add to cart

Exam (elaborations)

CGFM Part 1 – Questions With Solutions (Rated A+)

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  • Course
  • CGFM - Certified Government Financial Manager
  • Institution
  • CGFM - Certified Government Financial Manager

CGFM Part 1 – Questions With Solutions (Rated A+)

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  • March 30, 2024
  • 14
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • CGFM - Certified Government Financial Manager
  • CGFM - Certified Government Financial Manager
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LeCrae
CGFM Part 1 – Questions With Solutions (Rated A+)
US Constitution ratify Correct Ans - 1791
Budget appropriation law Correct Ans - must be introduced in the house of rep
Most tribal government Correct Ans - based in democracy
doctrine of separation of powers provides a foundation for Correct Ans - government financial management
budgets are developed through Correct Ans - iterative process influence by all branches of govt as well as citizens and public interest group
power of the purse Correct Ans - legislative branch
implements the budget Correct Ans - executive branch
exercise judicial review when dispute occur Correct Ans - judicial branch
federalism Correct Ans - means that govt authority and responsibility are distributed across different levels of govt
3 branch of govt Correct Ans - legislative
executive
judicial
commissions Correct Ans - special govt components -- permanent or temp
govt authority Correct Ans - founded in constitution or charter
hierarchy of governmental authority Correct Ans - law, statutes and ordinances
executive orders
rules and regulations govt entity can be classed as Correct Ans - general or special purpose
quasi gov entities Correct Ans - govt corporation
blend characteristics of govt and for-profit organization
businesslike in nature
operating expense cover by revenues and fees
tribal govt Correct Ans - similar to state govt
govt is what kind of entity Correct Ans - sovereign entity
executive Correct Ans - administer law
township Correct Ans - 6 mile square block
common governance structure of township Correct Ans - elected board of supervisors
US constitution written Correct Ans - 1787
Branches of Govt Correct Ans - Legislative
Executive
Judicial
Local govt may not enact laws or policy if Correct Ans - it violates the state or national constitution or statutes
Most school district in US Correct Ans - Independent District
Judicial review Correct Ans - Court can overturn laws that has been passed
Most school district govern by Correct Ans - Elected school board
Special District Correct Ans - Perform single function Very limited function
Federalism Correct Ans - Power is distributed among different level of government

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