Cgfm test 4 - Study guides, Class notes & Summaries

CGFM Test 4.

CGFM TEST 2 QUESTIONS AND ANSWERS ALREADY GRADED A Governments exist to provide services no profit motive, no single measure of success Primary funding source = taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = primary control device in government US Constitution provides two levels of government Federal and State State consitituions similar in that each defines the excutive and legislative braches, establishes poli...

CGFM TEST 2 QUESTIONS & ANSWERS 2023/2024 Governments exist to provide services - ANSWER-no profit motive, no single measure of success Primary funding source = - ANSWER-taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - ANSWER-primary control device in government US Constitution provides two levels of government - ANSWER-Federal and State State consitituions similar in that each defines the excutive a...

CGFM TEST 3 QUESTIONS AND ANSWERS GRADED A 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...

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 2(graded A+)question & answers 2023 Governments exist to provide services - correct answer no profit motive, no single measure of success Primary funding source = - correct answer taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - correct answer primary control device in government US Constitution provides two levels of government - correct answer Federal and State State consitituions similar in ...

CGFM TEST 2 questions with complete solutions rated A+ PassedGovernments exist to provide services no profit motive, no single measure of success Primary funding source = taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = primary control device in government US Constitution provides two levels of government Federal and State State consitituions similar in that each defines the excutive and leg...

CGFM Practice Exam Test 2023 Governments exist to provide services - CORRECT ANSWER-no profit motive, no single measure of success Primary funding source = - CORRECT ANSWER-taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - CORRECT ANSWER-primary control device in government US Constitution provides two levels of government - CORRECT ANSWER-Federal and State State consitituions similar in that each defines t...