CGFM Exam 1 questions with correct answers(graded A+)2023 updated

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. general purpose entities - correct answer Federal, state and many local governments. special purpose entities - correct answer preform just one or two functions (education, water, etc) quasi-governmental entities - correct answer entities that blend characteristics of government and for-profit organizations Tribal Councils - correct answer not subject to federal income tax but individual members are subject to federal income taxation. Special exemption based on treaties and statues What is the trend in government entities? - correct answer over the past decade there has been a significant reduction in special purpose school-district, coupled with an increase in other special purpose districts What are legal constraints on government sovereignty? - correct answer Constitutions, Laws, Statues and Ordinances Appropriation - correct answer budget laws passed by congress