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CGFM EXAM 12024 WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTION AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW VERSION!!!|GUARANTEED PASS |LATEST UPDATE$22.99
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CGFM EXAM 12024 WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTION AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW VERSION!!!|GUARANTEED PASS |LATEST UPDATE
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Course
CGFM
Institution
CGFM
CGFM EXAM 12024 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTION AND SOLUTIONS
|ALREADY GRADED A+|BRAND NEW
VERSION!!!|GUARANTEED PASS
|LATEST UPDATE
CGFM EXAM 12024 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTION AND SOLUTIONS
|ALREADY GRADED A+|BRAND NEW
VERSION!!!|GUARANTEED PASS
|LATEST UPDATE
I1. A significant difference between special-purpose and general-purpose governments is that general-
purpose governments
Correct Answer: perform multiple functions, while special-purpose governments are typically formed to
perform one or two specific functions.
I2. A commission that manages water and sewer services for several counties is an example of a
Correct Answer: jointly-governed organization.
I3. A county commission meets to address the budget. In attendance are the five members of the county
commission the district attorney, the county executive officer and the county sheriff. If the county
budget officer presents the annual budget, who will enact it?
Correct Answer: the county commission
I4. The primary role of the judicial branch is to hear cases that
Correct Answer: seek interpretation and challenge legislation.
I5. Every state legislature has the authority to
Correct Answer: approve the budget.
I6. Which of the following is a state government responsibility allowed by the U.S. Constitution?
Correct Answer: license professionals, such as attorneys
I7. The executive branch of the U.S. government has the ability to
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,Correct Answer: issue and enforce regulations required by statute.
I8. Executive orders are defined as
Correct Answer: official documents specifying policy and procedures for government.
I9. The hierarchy of government authority is
Correct Answer: U.S. Constitution, state constitution, state laws, state rules and regulations.
I10. The key principles in the relationship among the three branches of government include all of the
following EXCEPT
Correct Answer: popular sovereignty.
I11. The U.S. Constitution provides for separation of powers between which of the following?
Correct Answer: the president, the Supreme Court and Congress
I12. Which of the following powers was granted exclusively to the federal government in the U.S.
Constitution?
Correct Answer: to regulate commerce with Native American tribal governments
I13. A conservation authority is established in a state to focus solely on swamp conservation efforts; the
authority has the power to levy taxes. This is an example of which type of government?
Correct Answer: special-purpose district
I14. The legislative branch of the U.S. government has the ability to
Correct Answer: limit government spending.
I15. If a citizen complains about trash in a county park the responsibility for addressing the complaint
resides with the
Correct Answer: county executive officer.
I16. Regulations promulgated by federal agencies must comply with
Correct Answer: the U.S. Constitution, federal laws, and executive orders issued by the president.
I17. A local government's authority is outlined in its constitution or
Correct Answer: charter.
I18. A county-wide utility district is an example of a
Correct Answer: special-purpose government.
I19. Several local school districts are forming a jointly-governed district to provide education services to
disabled students in a central location. The primary reason for forming such an organization is to
Correct Answer: manage the program more effectively and efficiently.
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,I20. A document is issued with the following title: "Amending Title 10 of the Philadelphia Code entitled
'Regulation of Individual Conduct and Activity' by allowing the granting of permanent licenses for guide
dogs for the blind handicapped persons or government-owned dogs used for law enforcement; all under
certain terms and conditions." This is an example of
Correct Answer: an ordinance.
I21. With regard to lands held by Native American tribal governments the U.S. Constitution and
subsequent Supreme Court decisions affirm that
Correct Answer: tribes have limited sovereignty over tribal lands and are subject to certain U.S.
government jurisdictions.
I22. A city council is representative of which branch of government?
Correct Answer: legislative
I23. What type of laws may the U.S. Congress pass with respect to tribal governments?
Correct Answer: Congress may pass laws pertaining to commerce with tribal governments.
I24. Which of the following examples demonstrates how the separation of powers and checks and
balances among the three branches of the government affect spending by governmental agencies?
Correct Answer: the use of a line-item veto by a president, governor or mayor, but only if that power is
available and deemed constitutional and legal
I25. State laws can limit local authority EXCEPT in cases where state law
Correct Answer: violates the U.S. Constitution.
I26. Which of the following statements describes the relationship that the U.S. Constitution provides
among the branches of the government?
Correct Answer: Congress establishes laws, the executive branch establishes and implements
regulations, and the judiciary determines if the laws or regulations violate the Constitution.
II 1. Congress passes a national budget every year while state and local governments enact either of
what type of budgets?
Correct Answer: annual or biennial
II 2. How does the executive branch of the federal government control spending?
Correct Answer: OMB apportions resources by time period or program, or both.
II 3. What is monetary policy and who may exercise it?
Correct Answer: It is the power to establish the money supply exercised by the federal government.
II 4. With respect to U.S. monetary policy, the
Correct Answer: Federal Reserve System purchases and sells securities in the open market to supply
bank reserves necessary to support the credit and money needed for economic growth.
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, II 5. As resources decrease and demands on government goods and services increase, what role of the
budget becomes more critical?
Correct Answer: priority-setting role
II 6. The mission of the budget process, as identified by the National Advisory Council on State and Local
Budgeting, is to
Correct Answer: help decision-makers make informed choices about the provision of services and capital
assets.
II 7. The legal authority to incur expenses and expend money is an
Correct Answer: appropriation.
II 8. When the budget dictates that a government agency may only spend its funds on specific types of
goods or services, it is controlling spending by
Correct Answer: object class.
II 9. The sovereignty of a U.S. state is constrained by
Correct Answer: the U.S. Constitution.
II 10. The primary objective of the budget process is to
Correct Answer: prioritize government expenditures and allocate resources.
II 11. A sovereign entity's ability to tax, spend and borrow is limited by
Correct Answer: charters, constitutions, laws and ordinances.
II 12. A government budget is intended to
Correct Answer: serve as a financial plan and reflect the priorities of elected officials.
II 13. Collections that are legally restricted to expenditures for specific purposes would be recorded in
Correct Answer: special revenue funds.
II 14. If an appropriation law for the budget year is not enacted before the start of the fiscal year,
Congress may pass
Correct Answer: a continuing resolution.
II 15. A legislative earmark is intended to
Correct Answer: provide a specific benefit to the constituency of a particular elected official.
II 16. All local sovereign governmental entities have the ability to
Correct Answer: establish budgets and spend public funds for authorized purposes.
II 17. A budget at any governmental level serves as all of the following EXCEPT
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