Certified Government Financial Manager

Here you have the best Test Prep CGFM practice exam questions

  • You have 4 total questions to study from
  • Each page has 5 questions, making a total of 1 pages
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  • This questions were last updated on October 29, 2025
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Question 1 of 4
"Every employee should have a personnel file that includes authorization for hiring, salary history hours authorized to work, federal and state withholding forms, hospital and retirement information and support for any other payout deductions." There are the procedures of:
    Correct Answer: D

Question 2 of 4
Similar accounting controls should be established over accounting for investment inventory management, cash disbursements, cash management and billing and receipt of taxes and utilities. Other effective internal control measures include which of the following?
    Correct Answer: D

Question 3 of 4
The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is &0.70(0.20x$3.50). What is the economic order quantity?
    Correct Answer: A

Question 4 of 4
Four types of credit enhancements are offered by state bond banks. Which of the following is NOT out of those enhancements?
    Correct Answer: C