Updated exam for cgfm Study guides, Class notes & Summaries

Updated Exam For CGFM Federalism - CORRECT ANSWER-Power is distributed among different levels of government, no one level has complete authority Sovereignty - CORRECT ANSWER-National government cant be sued by states or citizens without its permission Popular Sovereignty - CORRECT ANSWER-Citizens hold ultimate authority through the ballot; even a sovereign government is accountable to citizens Primary Purpose of Government - CORRECT ANSWER-Provide services to its citizens 10th Amendm...

CGFM Exam 2, Section 3 - Chapter 2: Federal Budgetary Accounting 2023/2024 Exec Branch central financial management agencies - ANSWER-(1) OMB and (2) the Dept of Treasury OMB - ANSWER-OMB's predominant mission is to assist the president in overseeing the preparation of the federal budget and to supervise its administration by the executive branch agencies. OMB provides guidance in what forms? - ANSWER-Mainly with Circulars and Bulletins, but also with Memorandums OMB circulars - A...

CGFM Exam 1 questions with correct answers(graded A+)2023 updatedReserved Clause - correct answer Governmental powers reserved for the states and the people by the Tenth Amendment of the U.S. Constitution. Commissions - correct answer special-government components (created through law or statue) that may be permanent or temporary. They enjoy more autonomy compared to other government components Popular Sovereignty - correct answer A government in which the people rule by their own consent....

CGFM Exam 2, Section 3 - Chapter 2: Federal Budgetary Accounting(rated A)PASSED Exec Branch central financial management agencies - correct answer (1) OMB and (2) the Dept of Treasury OMB - correct answer OMB's predominant mission is to assist the president in overseeing the preparation of the federal budget and to supervise its administration by the executive branch agencies. OMB provides guidance in what forms? - correct answer Mainly with Circulars and Bulletins, but also with Memoran...