CGFM Exam 1 Section 3 – Actual Study Guide Questions and
Verified Answers – Graded A+ 2026/2027
1. In the government management cycle, planning:
A) identifies goal and determine the most cost-effective means for accomplish- ing
them
B) precedes all other phases and does not have the constraint of realistic
budget outcomes
C) outcomes are an input to the programming and then, accounting phase
D) should occur throughout the year: D) should occur throughout the year
2. Some of the steps of the government management cycle, in order, include
A) budgeting, planning, operations and auditing
B) planning, budgeting, operations and auditing
C) budgeting, planning, accounting, and operations
D) planning, budgeting, accounting and operations: B) planning, budgeting, operations and
auditing
3. Under the government management cycle, what outputs from the program-
ming phase are also inputs to the budgeting phase?
A) refined objectives and identified resources required to meet objectives
B) accounting of resources used and performance reporting on activities
C) appropriated budget and operational activities
D) internal and external reports and performance audits: A) refined objectives and
identifies resources required to meet objectives
4. Identifying specific and measurable objectives is performed during which
phase of the government management cycle?
1/
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, A) programming
B) budgeting
C) planning
D) reporting: A) programming
5. The first step in strategic planning includes the identification of
A) the budget
2/
14
Verified Answers – Graded A+ 2026/2027
1. In the government management cycle, planning:
A) identifies goal and determine the most cost-effective means for accomplish- ing
them
B) precedes all other phases and does not have the constraint of realistic
budget outcomes
C) outcomes are an input to the programming and then, accounting phase
D) should occur throughout the year: D) should occur throughout the year
2. Some of the steps of the government management cycle, in order, include
A) budgeting, planning, operations and auditing
B) planning, budgeting, operations and auditing
C) budgeting, planning, accounting, and operations
D) planning, budgeting, accounting and operations: B) planning, budgeting, operations and
auditing
3. Under the government management cycle, what outputs from the program-
ming phase are also inputs to the budgeting phase?
A) refined objectives and identified resources required to meet objectives
B) accounting of resources used and performance reporting on activities
C) appropriated budget and operational activities
D) internal and external reports and performance audits: A) refined objectives and
identifies resources required to meet objectives
4. Identifying specific and measurable objectives is performed during which
phase of the government management cycle?
1/
14
, A) programming
B) budgeting
C) planning
D) reporting: A) programming
5. The first step in strategic planning includes the identification of
A) the budget
2/
14
