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CGFM Exam 1 Questions with correct Answers
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CGFM Exam 1 Questions with correct Answers
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CGFM Exam 1 Questions with correctAnswers
Federalism - Answers -Power is distributed among different levels of government, no
one level has complete authority
Sovereignty - Answers -National government cant be sued by states or citizens without
its permission
Popular Sovereignty - Answers -Citizens hold ultimate authority through the ballot; even
a sovereign government is accountable to citizens
Primary Purpose of Government - Answers -Provide services to its citizens
10th Amendment - Answers -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? - Answers -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? - Answers -
General Assembly
Cities, towns & villages are ________________ governments - Answers -Municipal
What is the type of municipal government with two branches: executive (mayor), and
legislative (council) - Answers -Mayor-Council form
The form of municipal government where the executive and legislative branches are
combined into the authority of commissioners - Answers -Commission form
Type of municipal government where council members embody the legislative branch &
a manager serves at discretion of the council- not the voters - Answers -Council
Manager Form
The first 10 amendments are known as ______________ - Answers -The Bill of RIghts
How many articles are in the Constitution? - Answers -Seven
,No one branch of government can exercise complete control over another - Answers -
Separation of Powers
Under _________________, courts can overturn laws if deemed unconstitional -
Answers -Judicial Review
Since each house may pass a different version of a bill, differences are reconciled in
___________________ - Answers -Conference Committees
Congress may override the presidents veto with a _______________ vote in BOTH
houses - Answers -Two-Thirds
The 3 branches of government can further be divided into ____________________ -
Answers -Components
Which branch has the most components - Answers -Executive
Many government components take the form of ________________, either permanent
of temporary - Answers -Commissions
The local government equivalent of a constitution - Answers -Charter
Put the following in order per hierarchy of government authorities: Laws, Executive
Orders, Constitution, Rules & Regulations - Answers -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 - Answers -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 - Answers -D - reprogramming requests
Typically, which type of budget will be in effect the longest?
a-operations
b- cash flow
, c- capital - Answers -C- Capital
What is the purpose of forecasting in regards to the budget? - Answers -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 - Answers -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 - Answers -D - this requires non-
financial information
Which entity provides detailed instructions for completing performance & accountability
reports at the federal level?
a- AGA
b- OMB
c- GASB
d- FASAB - Answers -B- OM
3 types of accounting - Answers -Financial, Managerial, Budgetary
Type of accounting that tracks affects of financial events on the financial position of an
entity - Answers -Financial
Type of accounting that tracks commitments, obligations & expenditures by purpose,
time and amount - Answers –Budgetary
What step of government management cycle is called the keystone of public
management - Answers -Planning
What phase of the management cycle is most creative? - Answers -Planning
What is achieved during the planning phase of the management cycle - Answers -
Identification of mission, goals & key objectives
An ideal statement of what the oganization hopes to achieve - Answers -Mission
Statement
Broad statement of purpose for a particular program - Answers -Goal
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