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PUB 3705 ASSESSMENT 2 SEMESTER 1 QUIZ 2024
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PUB 3705 ASSESSMENT 2 SEMESTER 1 QUIZ 2024
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PUB 3705ASSESSMENT 2 QUIZ
2024
PUB 3705 ASSESSMENT 2 SEMESTER 1
QUIZ 2024
, PUB 3705 ASSESSMENT 2-OUIZ
1.Select the correct alternative. The following Acts form the basis of the South African financial
management regime.
a) MFMA
b) PROCUREMENT and Appropriation Acts
c) All of the options
d) PFMA.
2. Fill in the missing word. The similarities between managing public and private money lie in
the occurrence of the following:
a. Safekeeping
b. Accounting
c. All of the options
d. Budgeting
3. Select the correct alternative. An accounting officer may use a saving (virement) of up
to…per cent of the amount appropriated under a main division for defraying excess expenditure
under another main division within the same vote.
a. Six
b. Three
c. Eight
d. Five
4. Fill in the missing word. Optimize means to have the…… that is exactly right.
a. Amount
b. Size
c. Quality
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