CGFM
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CGFM Exam 1 with 100% correct answers
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CGFM Exam 1 
doctrine of separation of powers provides a foundation for correct answergovernment financial 
management 
govt entity can be classed as correct answergeneral or special purpose 
US constitution written correct answer1787 
Most school district in US correct answerIndependent District 
Role of federal CFO correct answercodified in the Chief Financial Officer act of 1990 
telework correct answerworking from home or other remote location 
Anti-fraud policies correct answera formal code...
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CGFM Test 1 with correct answers selected
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CGFM Test 1 
Federal correct answerrefers to national government 
Federalism correct answermeans that power is distributed among different levels of government 
Sovereignty correct answergovernment cannot be sued by states or by citizens without its permission 
Popular Sovereignty correct answercitizens hold the ultimate authority through the ballot and even a 
sovereign government is accountable to citizens 
Three levels of government correct answerFederal, State, Local - each may not enact law...
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CGFM - Exam 1 Government Sovereignty correct answerNat'l government can't be sued by states or by citizens w/out its permission.
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Government Sovereignty correct answerNat'l government can't be sued by states or by citizens w/out its 
permission. 
Government Authority correct answerDerived from constitutions or charters (local versions of a 
constitution), statutes, executive orders & regulations. 
3 Levels correct answer1) National 
2) State 
3) Local 
The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may 
coordinate their efforts. 
3 Branches correct answer1) Legislative 
2)...
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CGFM - Exam 1 100% CORRECT
- Other • 26 pages • 2024
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CGFM - Exam 1 
Government Sovereignty correct answerNat'l government can't be sued by states or by citizens w/out its 
permission. 
Government Authority correct answerDerived from constitutions or charters (local versions of a 
constitution), statutes, executive orders & regulations. 
3 Levels correct answer1) National 
2) State 
3) Local 
The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may 
coordinate their efforts. 
3 Branches correct answer1) ...
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