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PADM exam 2 questions with 100% correct answers 2024/2025
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PADM exam 2 questions with 100% correct answers 2024/2025
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PADM exam 2 questions with 100%correct answers 2024/2025
Greatest constraint on stated - ANSWERSBalancing the budget
Municipal bonds and types - ANSWERSPurpose is to spread financing for capital projects over a long
period of time.
General obligation and revenue bonds
Inspector general - ANSWERSIndependent program and financial auditors who work with a team within
or across specific departments or agencies
Who would tend to use IGs - ANSWERSCities with a lot of corruption and public distrust
What kind of capital project would receive priority - ANSWERSThose that increase throughput or flow
passing through the bottleneck
How are capital projects funded - ANSWERSDebt financing tools
Liabilities - ANSWERSMeans you owe someone money. Liabilities include items such as unpaid utility bills
and payroll costs you haven't yet paid. Future interest and principal payments in a loan are also
liabilities. Use assets to pay, cash in most cases)
Current ratio - ANSWERSCurrent assets/current liabilities
Working capital - ANSWERSCurrent assets - current liabilities
Debt to asset ratio - ANSWERSTotal liabilities/total assets
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