Free AGA GFMC Exam Questions

Question 1

One of the minimum components of a government financial system is

A : automated transaction processing.

B : debt-reduction analysis.

C : performance management reporting.

D : general ledger account definition.

Answer: D

Question 2

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

A : crosstab.

B : portable document format.

C : text file.

D : dashboard.

Answer: D

Question 3

The goal of shared gervices is to

A : reduce current staffing levels.

B : transfer responsibilities to another entity.

C : efficiently aggregate resources.

D : provide private business opportunities.

Answer: C

Question 4

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

A : crosstab.

B : portable document format.

C : text file.

D : dashboard.

Answer: D

Question 5

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

A : net present value analysis

B : regression analysis

C : horizontal analysis

D : ratio analysis

Answer: A