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CGFM Exam 1 Questions with correct Answers

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CGFM Exam 1 Questions with correct Answers

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CGFM Exam 1 Questions with correct
Answers

Federalism - Answers -Power is distributed among different levels of government, no
one level has complete authority

Sovereignty - Answers -National government cant be sued by states or citizens without
its permission

Popular Sovereignty - Answers -Citizens hold ultimate authority through the ballot; even
a sovereign government is accountable to citizens

Primary Purpose of Government - Answers -Provide services to its citizens

10th Amendment - Answers -Aka - reserved Clause

National government cant dictate the manner in which state and local programs should
operate

Why are state and local governments called labratories of democracy? - Answers -They
experiment with policies and procedures that are later adopted at the national level
(upward influence)

At the state level, the legislative branch is sometimes referred to as? - Answers -
General Assembly

Cities, towns & villages are ________________ governments - Answers -Municipal

What is the type of municipal government with two branches: executive (mayor), and
legislative (council) - Answers -Mayor-Council form

The form of municipal government where the executive and legislative branches are
combined into the authority of commissioners - Answers -Commission form

Type of municipal government where council members embody the legislative branch &
a manager serves at discretion of the council- not the voters - Answers -Council
Manager Form

The first 10 amendments are known as ______________ - Answers -The Bill of RIghts

How many articles are in the Constitution? - Answers -Seven

,No one branch of government can exercise complete control over another - Answers -
Separation of Powers

Under _________________, courts can overturn laws if deemed unconstitional -
Answers -Judicial Review

Since each house may pass a different version of a bill, differences are reconciled in
___________________ - Answers -Conference Committees

Congress may override the presidents veto with a _______________ vote in BOTH
houses - Answers -Two-Thirds

The 3 branches of government can further be divided into ____________________ -
Answers -Components

Which branch has the most components - Answers -Executive

Many government components take the form of ________________, either permanent
of temporary - Answers -Commissions

The local government equivalent of a constitution - Answers -Charter

Put the following in order per hierarchy of government authorities: Laws, Executive
Orders, Constitution, Rules & Regulations - Answers -Constitution, Laws, Executive
Orders, Rules & Regulations

Which decision is most likely to be made during the "programming phase"

a- broad goals of government
b- whether to lease space of construct a new building
c- how to respond to an audit report
d- appropriate accounting methods - Answers -B - Make or buy done decisions done
during programming phase

Which is not a typical output of programming phase?

a- most cost effective means to acheive objectives
b- specific, measurable objectives
c- level of resources requested
d- reprogramming requests - Answers -D - reprogramming requests

Typically, which type of budget will be in effect the longest?

a-operations
b- cash flow

, c- capital - Answers -C- Capital

What is the purpose of forecasting in regards to the budget? - Answers -To determine
the likely level of economic activity & economic trends and how they will impact revenue
& expenses

What publication of the national government provides an effective guide to internal
controls & may be applied at all levels of government - Answers -Standards for Internal
Control in the federal government (GAO)

Which of the following is least supported through financial accounting?

a- information about expenses and inter-governmental transfers
b- info about fund levels & disbursements
c-info about deposits and earmarked receipts
d- info about achievement of program outcomes - Answers -D - this requires non-
financial information

Which entity provides detailed instructions for completing performance & accountability
reports at the federal level?

a- AGA
b- OMB
c- GASB
d- FASAB - Answers -B- OM

3 types of accounting - Answers -Financial, Managerial, Budgetary

Type of accounting that tracks affects of financial events on the financial position of an
entity - Answers -Financial

Type of accounting that tracks commitments, obligations & expenditures by purpose,
time and amount - Answers –Budgetary

What step of government management cycle is called the keystone of public
management - Answers -Planning

What phase of the management cycle is most creative? - Answers -Planning

What is achieved during the planning phase of the management cycle - Answers -
Identification of mission, goals & key objectives

An ideal statement of what the oganization hopes to achieve - Answers -Mission
Statement

Broad statement of purpose for a particular program - Answers -Goal
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