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Test Prep CGFM Exam Actual Questions

The questions for CGFM were last updated on April 23, 2024.

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Topic 1 - Single Topic

Question #1 Topic 1

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.

Reveal Solution Discussion

Correct Answer: C 🗳️

Question #2 Topic 1

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.

Reveal Solution Discussion

Correct Answer: C 🗳️

Question #3 Topic 1

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.

Reveal Solution Discussion

Correct Answer: A 🗳️

Question #4 Topic 1

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.

Reveal Solution Discussion

Correct Answer: B 🗳️

Question #5 Topic 1

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.

Reveal Solution Discussion

Correct Answer: C 🗳️