AGA
Code: CGFM
Exam Name: Certified Government
Financial Manager (CGFM)
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Question: 1
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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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Answer: C
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Question: 2
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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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Answer: C
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Question: 3
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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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Answer: A
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Question: 4
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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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Answer: B
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Question: 5
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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.
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Answer: C
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