AGA AGA-CGFM Online Practice Questions and Exam Preparation

AGA AGA-CGFM Online Questions & Answers

• Question 141:

  In addition to interim financial reports, governments may report on interim basis:

  A. The growth status of GDP
  B. The capital investment by foreign counties
  C. The status of construction projects and cash flows
  D. All of there
  C. The status of construction projects and cash flows

• Question 142:

  A building with a replacement value of $1,000,000 has depreciated by 50%. What amount of risk has been unwittingly assumed?

  A. $500,000
  B. $550,000
  C. $600,000
  D. None of these
  A. $500,000

• Question 143:

  Most Government Issue bond in denominations of $5000, which underwriters call:

  A. `Five bonds"
  B. Fives
  C. Base bonds
  D. Both AandB
  D. Both AandB

• Question 144:

  At the federal level, financial auditing is conducted by two organization ______________ conducts an annual financial audit

  A. Inspectors general
  B. Financial auditor
  C. Dealer
  D. Auditing auditor
  A. Inspectors general

• Question 145:

  Four types of credit enhancements are offered by state bond banks. Which of the following is NOT out of those enhancements?

  A. A moral obligation reserve that will fund one year of debt service
  B. A state intercept fund that diverts state aid to a defaulting local unit from the state bond bank
  C. Additional collateral pledge
  D. None of these
  C. Additional collateral pledge

• Question 146:

  Number of students enrolled, cost per student enrolled, year璭nd 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.

  A. Output, Efficiency Measures, Intermediate Outcome, End Outcome
  B. Output, Intermediate Outcome, Efficiency Measures, End Outcome
  C. Output, Intermediate Outcome, End Outcome, Efficiency Measures
  D. Efficiency Measures, Intermediate Outcome, End Outcome, Output
  A. Output, Efficiency Measures, Intermediate Outcome, End Outcome

• Question 147:

  A program accountability study can be used to determine all of the following EXCEPT:

  A. the extent to which a program has been correctly implemented.
  B. whether program funds are being expended properly.
  C. whether the program is reaching its intended goal.
  D. if budgets were allocated equitably.
  D. if budgets were allocated equitably.

• Question 148:

  In claim management, insurance policies should specify what should be reported, including the nature of the alleged wrongful act, the alleged damages, and the names of claimants. Which of the following steps is included in this?

  A. Record the names, addresses, and phone numbers of all involved in the incident.
  B. Express concern for the individual, but not offer to pay any damages
  C. Take snapshots of the area, if possible
  D. All of these
  D. All of these

• Question 149:

  An independent auditor has prepared the chart below describing the status of the audit findings requested for an agency over the past four years. Based upon these audit findings which of the following conclusions could be drawn on the agency's internal control framework?

  

  A. The agency is addressing audit findings appropriately.
  B. Findings in year 2009 reflect policy improvement.
  C. There is ineffective management of the agency.
  D. The agency internal control staffing is adequate.
  C. There is ineffective management of the agency.

• Question 150:

  What is the present value of $25,000 to be received 10 years from today if the opportunity rate is 4%, the current tax rate is 1% and the expected future value is 9%?

  

  A. $ 9,706
  B. $10,550
  C. $15,295
  D. $16,900
  D. $16,900