CGFM EXAM 1 NEWEST 2024 WITH COMPLETE QUESTIONS
AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS)
ALREADY GRADED A+ 100% GUARANTEED TO PASS
CONCEPTS!!!
Federalism - ANSWER-Power is distributed among different levels of
government, no one level has complete authority
Sovereignty - ANSWER-National government cant be sued by states or citizens
without its permission
Popular Sovereignty - ANSWER-Citizens hold ultimate authority through the
ballot; even a sovereign government is accountable to citizens
Primary Purpose of Government - ANSWER-Provide services to its citizens
10th Amendment - ANSWER-Aka - reserved Clause
National government cant dictate the manner in which state and local
programs should operate
Why are state and local governments called labratories of democracy? -
ANSWER-They experiment with policies and procedures that are later adopted
at the national level (upward influence)
,At the state level, the legislative branch is sometimes referred to as? -
ANSWER-General Assembly
Cities, towns & villages are ________________ governments - ANSWER-
Municipal
What is the type of municipal government with two branches: executive
(mayor), and legislative (council) - ANSWER-Mayor-Council form
The form of municipal government where the executive and legislative
branches are combined into the authority of commissioners - ANSWER-
Commission form
Type of municipal government where council members embody the legislative
branch & a manager serves at discretion of the council- not the voters -
ANSWER-Council Manager Form
The first 10 amendments are known as ______________ - ANSWER-The Bill of
RIghts
How many articles are in the Constitution? - ANSWER-Seven
No one branch of government can exercise complete control over another -
ANSWER-Separation of Powers
Under _________________, courts can overturn laws if deemed unconstitional
- ANSWER-Judicial Review
,Since each house may pass a different version of a bill, differences are
reconciled in ___________________ - ANSWER-Conference Committees
Congress may override the presidents veto with a _______________ vote in
BOTH houses - ANSWER-Two-Thirds
The 3 branches of government can further be divided into
____________________ - ANSWER-Components
Which branch has the most components - ANSWER-Executive
Many government components take the form of ________________, either
permanent of temporary - ANSWER-Commissions
The local government equivalent of a constitution - ANSWER-Charter
Put the following in order per hierarchy of government authorities: Laws,
Executive Orders, Constitution, Rules & Regulations - ANSWER-Constitution,
Laws, Executive Orders, Rules & Regulations
Which decision is most likely to be made during the "programming phase"
a- broad goals of government
b- whether to lease space of construct a new building
c- how to respond to an audit report
d- appropriate accounting methods - ANSWER-B - Make or buy done decisions
done during programming phase
, Which is not a typical output of programming phase?
a- most cost effective means to acheive objectives
b- specific, measurable objectives
c- level of resources requested
d- reprogramming requests - ANSWER-D - reprogramming requests
Typically, which type of budget will be in effect the longest?
a-operations
b- cash flow
c- capital - ANSWER-C- Capital
What is the purpose of forecasting in regards to the budget? - ANSWER-To
determine the likely level of economic activity & economic trends and how
they will impact revenue & expenses
What publication of the national government provides an effective guide to
internal controls & may be applied at all levels of government - ANSWER-
Standards for Internal Control in the federal government (GAO)
Which of the following is least supported through financial accounting?
a- information about expenses and inter-governmental transfers
b- info about fund levels & disbursements
c-info about deposits and earmarked receipts
d- info about achievement of program outcomes - ANSWER-D - this requires
non-financial information
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller trustednurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $27.99. You're not tied to anything after your purchase.
