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Free CGFM: Certified Government Financial Manager Exam Questions and Answers
Last updated: April 1, 2025
Examtopics CGFM: Certified Government Financial Manager Prepaway Real Exam Questions and dumps free download
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652-CGFM: Certified Government Financial Manager
#Question
What is the potential benefit of long-term financial planning?
A.
Limited growth opportunities
B.
Policy-making limitations
C.
Improved financial stability
D.
Increased short-term costs
Correct Answer:
C
Long-term financial planning improves financial stability by anticipating future needs and aligning resources accordingly.
#Question
How can public agencies measure stakeholder satisfaction?
A.
Through opinion surveys
B.
By tracking expenditures
C.
Through performance reviews
D.
By reviewing budgets
Correct Answer:
A
Public agencies can measure stakeholder satisfaction through opinion surveys that capture feedback and perceptions from the public.
#Question
What is the role of fund balance in governmental financial management?
A.
It is not significant
B.
It measures financial health
C.
It encompasses all revenue
D.
It represents outstanding loans
Correct Answer:
B
The fund balance measures financial health, representing the difference between government assets and liabilities at a specific time.
#Question
How do economic conditions affect government budgetary decisions?
A.
They determine spending priorities
B.
They have minimal impact
C.
They only affect taxes
D.
They reduce funding options
Correct Answer:
A
Economic conditions significantly influence government budgetary decisions as they dictate spending priorities based on current fiscal realities.
#Question
How should government managers handle surpluses in budgets?
A.
Save for future emergencies
B.
Invest in risky ventures
C.
Return it to taxpayers
D.
Spend it immediately
Correct Answer:
A
Saving surpluses for future emergencies helps maintain financial stability and readiness for unexpected challenges.
#Question
How can fiscal analyses influence policy decisions?
A.
They do not affect funding
B.
They only report past outcomes
C.
They complicate processes
D.
They inform future budgeting
Correct Answer:
D
Fiscal analyses inform future budgeting, helping decision-makers understand financial implications of proposed policies.
#Question
How can accountability be ensured in public sector budgeting?
A.
By reducing oversight
B.
By increasing report frequency
C.
By promoting transparency
D.
By limiting stakeholder engagement
Correct Answer:
C
Promoting transparency is essential to ensure accountability in public sector budgeting and to foster public trust.
652-CGFM: Certified Government Financial Manager
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