CGFM TEST KING & PREMIUM CGFM FILES

CGFM Test King & Premium CGFM Files

CGFM Test King & Premium CGFM Files

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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q68-Q73):

NEW QUESTION # 68
Vendors sometimes attempt to unduly influence governing board members, the CEO, and agency personnel to buy their goods or services. To avoid such situations, the governing board of a government should adopt an ethics policy. The NIGP recommends a policy that governments and non-profits might want to:

  • A. None of these
  • B. Adopt or adapt
  • C. Change the Control basics
  • D. handover the control to a third party (Consultants)

Answer: B

Explanation:
Explanation


NEW QUESTION # 69
Lenders charge four types of interest depending on the nature of the loan. Which one of the following is NOT out of those interests?

  • A. An installment loan
  • B. A non-discounted note
  • C. A discounted note
  • D. Annual percentage rates

Answer: D


NEW QUESTION # 70
aims to beat the average market rate of
In contrast to ,
return.

  • A. Active investment, match disbursements
  • B. Passive investment management active investing
  • C. Cash horizon, match disbursements
  • D. Active investing, passive investment management

Answer: B


NEW QUESTION # 71
Assume an inventory has an average monthly amount on hand of $200,000 and annual usage of $800,000.
The amount of inventory turns is:

  • A. 3 turns
  • B. 5 turns
  • C. 8 turns
  • D. 4 turns

Answer: D


NEW QUESTION # 72
Business process re-engineering typically addresses all of the following EXCEPT the

  • A. key processes.
  • B. technical environment.
  • C. organizational mission.
  • D. human environment.

Answer: C

Explanation:
* Business Process Re-Engineering (BPR):
* BPR focuses onredesigning key processesto achieve dramatic improvements in efficiency, effectiveness, and performance.
* It typically involves addressing technical systems, human factors, and process workflows, but it does not involve redefining the organization's mission, which is a strategic activity outside the scope of BPR.
* Explanation of Answer Choices:
* A. Key processes: Incorrect. Key processes are the primary focus of BPR.
* B. Human environment: Incorrect. BPR often addresses human factors, such as roles and responsibilities.
* C. Organizational mission: Correct. The mission is a strategic element and not typically redefined as part of process re-engineering.
* D. Technical environment: Incorrect. BPR often involves rethinking technical systems and workflows.
References:
* Hammer & Champy,Reengineering the Corporation: A Manifesto for Business Revolution.
* GAO,Business Process Re-Engineering for Government Efficiency.


NEW QUESTION # 73
......

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