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CGFM Exam Bundle 2024
CGFM Exam Bundle 2024
[Show more]CGFM Exam Bundle 2024
[Show more]CGFM Exam 1 Questions and Answers 
100% Verified and Updated 
Federalism - Correct Answer️️ -Power is distributed among different levels of 
government, no one level has complete authority 
Sovereignty - Correct Answer️️ -National government cant be sued by states or 
citizens without its pe...
Preview 4 out of 33 pages
Add to cartCGFM Exam 1 Questions and Answers 
100% Verified and Updated 
Federalism - Correct Answer️️ -Power is distributed among different levels of 
government, no one level has complete authority 
Sovereignty - Correct Answer️️ -National government cant be sued by states or 
citizens without its pe...
CGFM EXAM 2 Study Questions and 
Answers 100% Pass 
Non-Spendable Fund Balance - Correct Answer️️ -Assets not in spendable form- 
Inventories and prepaid items, principal of a permanent fund which may not be spent, 
and assets held for sale and long-term receivables. Examples: Supplies, inventor...
Preview 3 out of 23 pages
Add to cartCGFM EXAM 2 Study Questions and 
Answers 100% Pass 
Non-Spendable Fund Balance - Correct Answer️️ -Assets not in spendable form- 
Inventories and prepaid items, principal of a permanent fund which may not be spent, 
and assets held for sale and long-term receivables. Examples: Supplies, inventor...
CGFM TEST 3 100% CORRECT 
Three Broad Government Spending Purposes - Correct Answer️️ -1) Current 
Operations 
2) Capital Outlays 
3) Debt Service 
Present Value Analysis - Three Components - Correct Answer️️ -Determines what $$ 
Rec'd in Future is Worth Today 
1) inflation component - year...
Preview 4 out of 54 pages
Add to cartCGFM TEST 3 100% CORRECT 
Three Broad Government Spending Purposes - Correct Answer️️ -1) Current 
Operations 
2) Capital Outlays 
3) Debt Service 
Present Value Analysis - Three Components - Correct Answer️️ -Determines what $$ 
Rec'd in Future is Worth Today 
1) inflation component - year...
CGFM Test 1 100% Correct Solved 
Accountability - Correct Answer️️ -Principle that, in a democracy, government 
operates by the consent of the people. Therefore, it is responsible to, and must answer 
to, the people for its actions and results, including the taking and using of the people's 
re...
Preview 3 out of 19 pages
Add to cartCGFM Test 1 100% Correct Solved 
Accountability - Correct Answer️️ -Principle that, in a democracy, government 
operates by the consent of the people. Therefore, it is responsible to, and must answer 
to, the people for its actions and results, including the taking and using of the people's 
re...
CGFM - Exam 1: Government Environment 
Questions and Answers 100% Pass 
Government Sovereignty - Correct Answer️️ -Nat'l government can't be sued by states 
or by citizens w/out its permission. 
Government Authority - Correct Answer️️ -Derived from constitutions or charters (local 
version...
Preview 4 out of 32 pages
Add to cartCGFM - Exam 1: Government Environment 
Questions and Answers 100% Pass 
Government Sovereignty - Correct Answer️️ -Nat'l government can't be sued by states 
or by citizens w/out its permission. 
Government Authority - Correct Answer️️ -Derived from constitutions or charters (local 
version...
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