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CGFM – Certified Government Financial Manager

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Showing 7–9 of 9 questions

Question 7

Non-reciprocal interfund activities include interfund transfers of assets (e.g. cash, or goods) without repayment and ______________.

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    Interfund reimbursement
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    Interfund exchange
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    Cost Allocation
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    Both A&B
Question 8

The intended purpose of The Single Audit Act is to:

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    improve financial management of state financial programs.
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    help states schedule federal audits on a grant-by-grant basis.
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    promote cooperation between auditors.
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    perform audits under FASAB standards.
Question 9

Number of students enrolled, cost per student enrolled, year–end state test score and critical thinking and application of knowledge. This is an example of measures in education sector. Match these steps with the following appropriate list of types of measures.

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    Output, Efficiency Measures, Intermediate Outcome, End Outcome
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    Output, Intermediate Outcome, Efficiency Measures, End Outcome
  • ○

    Output, Intermediate Outcome, End Outcome, Efficiency Measures
  • ○

    Efficiency Measures, Intermediate Outcome, End Outcome, Output