Question 1

One of the minimum components of a government financial system is

Options :

A : automated transaction processing.

B : debt-reduction analysis.

C : performance management reporting.

D : general ledger account definition.

Answer: D

Question 2

Management shoulg consider the cost of internal controls in relationship to

Options :

A : the available budget.

B : inherent risks.

C : benefits provided.

D : risk of collusion.

Answer: C

Question 3

A program manager at a local agency needs to understand if program participation varies significantly from enrollment. The information changes daily. The best way to quickly analyze this would be to use

Options :

A : crosstab.

B : portable document format.

C : text file.

D : dashboard.

Answer: D

Question 4

If a state treasurer wants to evaluate a variety of alternative long-term investments, which financial analysis should be used?

Options :

A : net present value analysis

B : regression analysis

C : horizontal analysis

D : ratio analysis

Answer: A

Question 5

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

Options :

A : staff expertise.

B : past performance records.

C : union affiliations.

D : financial position.

Answer: C