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CGFM EXAM 1 NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!! $26.49   Add to cart

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CGFM EXAM 1 NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!

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  • Course
  • CGFM - Certified Government Financial Manager
  • Institution
  • CGFM - Certified Government Financial Manager

CGFM EXAM 1 NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!

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  • October 3, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • cgfm exam 1
  • cgfm exam 1 newest 2024
  • CGFM - Certified Government Financial Manager
  • CGFM - Certified Government Financial Manager
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CGFM EXAM 1 NEWEST 2024 ACTUAL
EXAM 100 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!




I11. The U.S. Constitution provides for separation of powers
between which of the following? - ANSWER- 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? - ANSWER-
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? - ANSWER- Correct Answer: special-purpose
district

,2|Page


I14. The legislative branch of the U.S. government has the
ability to - ANSWER- 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 -
ANSWER- Correct Answer: county executive officer.


I16. Regulations promulgated by federal agencies must comply
with - ANSWER- 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 - ANSWER- Correct Answer: charter.


I18. A county-wide utility district is an example of a -
ANSWER- 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 - ANSWER- Correct Answer: manage the
program more effectively and efficiently.

,3|Page


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 -
ANSWER- 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 - ANSWER- 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? - ANSWER- Correct Answer: legislative


I23. What type of laws may the U.S. Congress pass with respect
to tribal governments? - ANSWER- 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? - ANSWER- Correct Answer: the use of a line-item

, 4|Page


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 - ANSWER- 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? - ANSWER- 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? -
ANSWER- Correct Answer: annual or biennial


II 2. How does the executive branch of the federal government
control spending? - ANSWER- Correct Answer: OMB
apportions resources by time period or program, or both.


II 3. What is monetary policy and who may exercise it? -
ANSWER- Correct Answer: It is the power to establish the
money supply exercised by the federal government.

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