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AGA CGFM Most Reliable Questions & Exam CGFM Blueprint

Dumpexams has many Certified Government Financial Manager (CGFM) (CGFM) practice questions that reflect the pattern of the real Certified Government Financial Manager (CGFM) (CGFM) exam. Dumpexams allows you to create a Certified Government Financial Manager (CGFM) (CGFM) exam dumps according to your preparation. It is easy to create the AGA CGFM Practice Questions by following just a few simple steps. Our Certified Government Financial Manager (CGFM) (CGFM) exam dumps are customizable based on the time and type of questions.

The CGFM Exam is a comprehensive assessment of the knowledge and skills required to manage government finances effectively. Certified Government Financial Manager (CGFM) certification demonstrates an individual's expertise in government financial management, providing a competitive advantage to those seeking to advance their careers in the public sector.

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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q90-Q95):

NEW QUESTION # 90
Which one the following statement is NOT included in Green Purchasing?

A. Buying non-toxic cleaning products
B. Buying recycled paper and two-way envelopes
C. Buying energy-efficient light bulbs
D. Buying batteries with mercury

Answer: D

NEW QUESTION # 91
According to OMB Circular A-11, what analytical method should be used to measure the cost, schedule and performance goals of a capital asset acquisition project?

A. net present value
B. earned value management
C. regression analysis
D. future value

Answer: B

Explanation:
* OMB Circular A-11 and Capital Asset Acquisition:
* OMB Circular A-11 mandates the use ofearned value management (EVM)for measuring cost, schedule, and performance goals in capital asset acquisition projects.
* EVM integrates project scope, schedule, and cost data to assess project performance and forecast outcomes.
* Explanation of Answer Choices:
* A. Earned value management: Correct. EVM is the prescribed method for tracking progress on capital projects under OMB Circular A-11.
* B. Net present value: Used for financial analysis, such as determining the economic value of future cash flows, but not for tracking project progress.
* C. Future value: Measures the value of an investment at a future point, not applicable to project tracking.
* D. Regression analysis: A statistical method for identifying relationships between variables, not for measuring project performance.
References:
* OMB Circular A-11,Capital Programming Guide.
* U.S. General Services Administration (GSA),Earned Value Management Implementation.

NEW QUESTION # 92
A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days.
What is the yield?

A. 8.70%
B. 8.007%
C. 87.07%
D. 8.07%

Answer: D

NEW QUESTION # 93
All of the following represent selection criteria used to make contract awards EXCEPT contractor

A. financial position.
B. union affiliations.
C. staff expertise.
D. past performance records.

Answer: B

Explanation:
* Selection Criteria for Contract Awards:
* When awarding contracts, federal, state, and local governments typically evaluate contractors based on objective criteria like staff expertise, past performance, and financial position to ensure the contractor can successfully fulfill the contract requirements.
* Union affiliationis irrelevant to the contractor's ability to meet the contractual obligations and is not a valid selection criterion.
* Explanation of Answer Choices:
* A. Staff expertise: Correctly used to ensure the contractor has qualified personnel.
* B. Past performance records: Correctly used to evaluate the contractor's historical success in fulfilling similar contracts.
* C. Union affiliations: Correct. This is not considered a valid selection criterion for contract awards.
* D. Financial position: Correctly used to assess the contractor's financial stability.
References:
* Federal Acquisition Regulation (FAR) Part 15,Contracting by Negotiation.
* Office of Management and Budget (OMB) Circular A-102,Grant and Contract Management Requirements.

NEW QUESTION # 94
The principal advantage of a CIP (Capital improvement Program) is
that , including their project designs, land acquisition, permitting, and acquiring financing.

A. Minimal costs of putting the asset in operating conditions
B. ensures the orderly replacement of capital facilities
C. None of these
D. It provides for sufficient lead time to plan for projects.

Answer: D

NEW QUESTION # 95
......

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