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Which type of interest rate , if any , do bonds pay ?
A. None
B. Variable
,C. Fixed
D. Negative - Answer: C. Fixed
Which would most likely be a capital improvement project ?
A. New fire station
B. Physical training equipment
C. Increased staffing
D. Providing all apparatus with AEDS - Answer: A. New fire station
Which type of documents are SOGS ?
A. Formal and permanent
B. Informal and permanent
C. Informal and temporary
D. Formal and temporary - Answer: A. Formal and permanent
Which type of documents are SOPs ?
A. Formal and permanent
B. Informal and temporary
C. Formal and temporary
D. Informal and permanent - Answer: A. Formal and permanent
,Which type of expenditure is a durable item that will last more than one
year ?
A. Capital
B. Operating
C. Fixed
D. Durable - Answer: A. Capital
Which purchasing process is best suited for complex or large purchases ?
A. Request for proposal
B. Purchase order
C. Bid by specifications
D. Requisition - Answer: A. Request for proposal
Which statement about a line - item budget is correct ?
A. It produces a zero - based budget .
B. It projects a per - unit cost for each activity .
C. Expenditures are identified in a line - by - line format .
D. It requires that every expenditure be justified every year . - Answer: C.
Expenditures are identified in a line - by - line format .
Which type of communication is an official document printed on the
agency letterhead and maintained as a permanent file ?
, A. Internal communication
B. Informal communication
C. External communication
D. Formal communication - Answer: D. Formal communication
Which of the following is a popular assessment center exercise ?
A. Write a recommendation report
B. Prepare a formal letter for the chief's signature
C. Complete an NFIRS report
D. Draft a standard operating procedure / guideline - Answer: B. Prepare a
formal letter for the chief's signature
Which payment method is typically used for items costing less than a
specified amount and that are purchased directly in a noncompetitive
manner ?
A. Requisition
B. Petty cash
C. Purchase order
D. Appropriation - Answer: B. Petty cash
Which possible result is associated with the use of bid specifications ?
A. Fewer potential vendors