Certified Government Financial Manager Free Sample Questions

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CGFM Sample Questions

  1. Question 1

    Q1

    According to the AGA Code of Ethics, a government agency contract manager using a vendor as a personal reference would constitute: A.fraud.B.professional incompetence.C.a conflict of interest.D.nepotism.

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    Correct answer: C

  2. Question 2

    Q2

    A government agency's mission statement should include: A.services and accomplishments.B.organizational structure and hierarchy.C.major functions and goals.D.performance measures and reports.

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    Correct answer: C

  3. Question 3

    Q3

    One way in which federal and state governments influence local governments is by: A.providing block grants.B.issuing ordinances.C.authorizing debt.D.setting budget authority.

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    Correct answer: A

  4. Question 4

    Q4

    A method used to assess accountability of state agencies includes: A.a bond rating review.B.program evaluation.C.judicial review.D.an ordinance compliance audit.

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    Correct answer: B

  5. Question 5

    Q5

    A discretionary grant is characterized by a: A.transfer of funds based upon a formula.B.transfer of funds for broadly-defined purposes.C.transfer of funds for specific purposes.D.voluntary contribution that confers no rights nor benefits to the giver.

    Show answer & explanation

    Correct answer: C

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