[2026] AGA Examination 3: Governmental Financial Management and Control (GFMC)

문제1

The Federal Credit Reform Act of 1990 prescribes a special budget treatment for direct loans and loan guarantees that measures cash flows to and from the government using which financial analytical technique?

A. current value

B. future value

C. regression analysis

D. net present value

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제2

All of the following represent selection criteria used to make contract awards EXCEPT contractor

A. staff expertise.

B. union affiliations.

C. past performance records.

D. financial position.

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제3

A purchasing officer is asked to select a vendor to provide office supplies. Which of the following vendors should be selected?

A. the second lowest priced qualified bidder

B. the mayor's high school classmate's company with the lowest qualified bid

C. the highest priced qualified bidder with the highest quality products

D. the third lowest priced qualified bidder who is pending state disbarment

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제4

GPRA requires agencies to prepare and submit a strategic plan, an annual performance plan and

A. a five-year performance plan.

B. a SEA report.

C. an annual performance report.

D. the prior year's audited financial report.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제5

Which of the following is an example of an internal control weakness?

A. Management policy allows project managers to oversee controls of companies in which they have a material interest.

B. The accounting department has one clerk prepare vendor payments and another clerk reconcile bank accounts.

C. The contract department staff awards contracts and maintains a database for vendor information.

D. The budget department staff is responsible for preparing the budget and for reporting on budget cost variances.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제6

The goal of shared gervices is to

A. provide private business opportunities.

B. transfer responsibilities to another entity.

C. efficiently aggregate resources.

D. reduce current staffing levels.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제7

The four general government auditing standards are

A. qualifications, independence, due professional care and quality control.

B. planning, internal controls, independence and irregularities.

C. compliance, timeliness, qualifications and due professional care.

D. supervision, planning, management controls and evidence.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제8

Efficient inventory management will result in

A. a low inventory turnover ratio.

B. fewer instances of work stoppage.

C. high write-offs of obsolete inventory.

D. high total asset turnover.

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제9

In addition to the Yellow Book, which group's external audit standards can the GAO reference?

A. International Auditing and Assurance Standards Board.

B. International Organization of Supreme Audit Institutions

C. AICPA

D. Public Company Accounting Oversight Board

정답: B

설명: (Fast2test 회원만 볼 수 있음)

AGA Examination 3: Governmental Financial Management and Control (GFMC) - GFMC무료 덤프문제 풀어보기

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