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CGFM PDF DEMO:

QUESTION NO: 1
A Stabile economy is defined as?
I. An equilibrium in the international balance of payments
II. Full employment
III. Economist growth
IV. Frequent changes in Price
A. Only I, II
B. I, III, IV
C. All of there
D. All EXCEPT IV
Answer: D

QUESTION NO: 2
An audit tool used to examine financial data to detect fraud is:
A. regression analysis.
B. red flag detection.
C. compiling data.
D. data mining.
Answer: D

QUESTION NO: 3
"Don't risk a lot for a little." This principle should be followed during:
A. Using insurance deductibles
B. Charging losses
C. Small and infrequent losses
D. Assumption of risk
Answer: D

QUESTION NO: 4
The feasibility study assures investors and rating agencies necessary and fiscally sound.
Consulting engineers are compensated in following ways:
A. All of these
B. A percentage of construction costs, the percentage being based on a scale of civil engineers
C. Cost-plus-fixed-fee basis when a project is not
D. A lump-sum payment when a project is clearly defined
Answer: A

QUESTION NO: 5
Fund-level financial statements are prepared to present:
A. a detailed short term view of government services.
B. information on financing activities.
C. both a short and long term perspective on governmental finances.
D. information that is more narrowly focused than mandated by government standards.
Answer: A

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Updated: May 24, 2022