CGFM #2: Chapter 1 questions well
answered already passed
resources for government entities are derived primarily from.... - correct answer ✔✔taxes
involuntary resource providers...... - correct answer ✔✔pay the taxes which provide services for
others paying little or no taxes
because those who are receiving the majority of services aren't the ones paying the taxes, the
government is pressured to..... - correct answer ✔✔keep taxes as low as possible
other than taxes, governments primarily receive revenue from.... - correct answer ✔✔grants
and shared revenues
governments recover at least some of the cost of providing certain services by charging...... -
correct answer ✔✔user fees, licenses and permits
a cynic might say that one measure of a government's success is..... - correct answer ✔✔the re-
election of it's officials
services typically provided by the government: - correct answer ✔✔police, fire, infrastructure,
public health
quality of life enhancements: recreation, refuse
government budgeting is different from commercial budgeting in that.... - correct answer
✔✔commercial budgeting is a benchmark or guide while governmental budgeting is the legal
authority to spend and provides legal contraints
,the governmental budget: - correct answer ✔✔- establishes spending authorizations, outlines
programs/services, defines sources of revenue
- establishes restrictions on the use of resources
the budget process is the.... - correct answer ✔✔primary control device;
government managers demonstrate accountability
Governmental reporting must demonstrate.... - correct answer ✔✔compliance
government organization is grounded in.... - correct answer ✔✔laws
rules
regulations
service priorities are established through.... - correct answer ✔✔a legislative system
financial reporting, including performance reporting, is the primary way for public officials
can.... - correct answer ✔✔demonstrate accountability
financial reporting shows the reader: - correct answer ✔✔- how much was raised
- how much was spent
- if spending was in compliance with the budget
performance reports accompanying the financial reporting informs users about.... - correct
answer ✔✔- how well the government is being run
- whether the government is achieving its goals in an effective and efficient manner
, US Constitution provides for two levels of government: - correct answer ✔✔- federal
- state
federal government has primary authority for... - correct answer ✔✔- national and international
affairs
- can impose certain requirements on the management of state governments, providing the
authority is granted in the constitution
state governments have the powers.... - correct answer ✔✔not set forth in the US Constitution
for the federal government - whatever not specified as federal responsibilities/authority is left
to the states
Each state's constitution.... - correct answer ✔✔.....is unique but with common requirements.
- establishes the executive branch's functioning, terms, offices and requirements to hold office
- establishes legislative branch, detailing how laws are the be introduced and enacted.
- establishes the manner by which local government entities can be formed
all governmental entities are subject to.... - correct answer ✔✔- legal requirements for
organization and structure,
- ability to levy taxes,
- sovereign powers that can be exercised.
federal and state governments affect the private sector by .... - correct answer ✔✔establishing
the manner in which private sector organizations can be organized.
Government cannot require specific offices, functions, or revenue production. (board of
directors/shareholders)
taxpayers, investors, service recipients and creditors of a government are concerned with.... -
correct answer ✔✔the delivery of services and meeting future obligations
answered already passed
resources for government entities are derived primarily from.... - correct answer ✔✔taxes
involuntary resource providers...... - correct answer ✔✔pay the taxes which provide services for
others paying little or no taxes
because those who are receiving the majority of services aren't the ones paying the taxes, the
government is pressured to..... - correct answer ✔✔keep taxes as low as possible
other than taxes, governments primarily receive revenue from.... - correct answer ✔✔grants
and shared revenues
governments recover at least some of the cost of providing certain services by charging...... -
correct answer ✔✔user fees, licenses and permits
a cynic might say that one measure of a government's success is..... - correct answer ✔✔the re-
election of it's officials
services typically provided by the government: - correct answer ✔✔police, fire, infrastructure,
public health
quality of life enhancements: recreation, refuse
government budgeting is different from commercial budgeting in that.... - correct answer
✔✔commercial budgeting is a benchmark or guide while governmental budgeting is the legal
authority to spend and provides legal contraints
,the governmental budget: - correct answer ✔✔- establishes spending authorizations, outlines
programs/services, defines sources of revenue
- establishes restrictions on the use of resources
the budget process is the.... - correct answer ✔✔primary control device;
government managers demonstrate accountability
Governmental reporting must demonstrate.... - correct answer ✔✔compliance
government organization is grounded in.... - correct answer ✔✔laws
rules
regulations
service priorities are established through.... - correct answer ✔✔a legislative system
financial reporting, including performance reporting, is the primary way for public officials
can.... - correct answer ✔✔demonstrate accountability
financial reporting shows the reader: - correct answer ✔✔- how much was raised
- how much was spent
- if spending was in compliance with the budget
performance reports accompanying the financial reporting informs users about.... - correct
answer ✔✔- how well the government is being run
- whether the government is achieving its goals in an effective and efficient manner
, US Constitution provides for two levels of government: - correct answer ✔✔- federal
- state
federal government has primary authority for... - correct answer ✔✔- national and international
affairs
- can impose certain requirements on the management of state governments, providing the
authority is granted in the constitution
state governments have the powers.... - correct answer ✔✔not set forth in the US Constitution
for the federal government - whatever not specified as federal responsibilities/authority is left
to the states
Each state's constitution.... - correct answer ✔✔.....is unique but with common requirements.
- establishes the executive branch's functioning, terms, offices and requirements to hold office
- establishes legislative branch, detailing how laws are the be introduced and enacted.
- establishes the manner by which local government entities can be formed
all governmental entities are subject to.... - correct answer ✔✔- legal requirements for
organization and structure,
- ability to levy taxes,
- sovereign powers that can be exercised.
federal and state governments affect the private sector by .... - correct answer ✔✔establishing
the manner in which private sector organizations can be organized.
Government cannot require specific offices, functions, or revenue production. (board of
directors/shareholders)
taxpayers, investors, service recipients and creditors of a government are concerned with.... -
correct answer ✔✔the delivery of services and meeting future obligations
