Cgfm test 3 100 correct - Study guides, Class notes & Summaries

CGFM TEST 3 Questions and Answers 100% Correct | Updated 2024

CGFM TEST 3 | 129 Questions and Answers 100% Correct | Updated 2024

Three Broad Government Spending Purposes 1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Integrity Act o...

CGFM TEST 3 EXAM/230 QUESTIONS AND ANSWERS/100% CORRECT

CGFM TEST 3 100% CORRECT Three Broad Government Spending Purposes - Correct Answer️️ -1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - Correct Answer️️ -Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 - Correct Answer️️ -Requires the head of each federal agency...

CGFM TEST WITH 100% CORRECT ANSWERS Governments exist to provide services - correct answerno profit motive, no single measure of success Primary funding source = - correct answertaxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - correct answerprimary control device in government US Constitution provides two levels of government - correct answerFederal and State State consitituions similar in that each de...

CGFM Test 3 Question and answers 100% correct 2023

CGFM TEST WITH 100% ACCURATE ANSWERS Three Broad Government Spending Purposes - correct answer1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - correct answerDetermines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 - correct answerRequires the head of each federal agency to est...

CGFM - Exam 1: Government Environment Questions and Answers 100% Pass Government Sovereignty - Correct Answer️️ -Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority - Correct Answer️️ -Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels - Correct Answer️️ -1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separ...