CGFM Exam 1: Section 3 - Government
Management Cycle Questions and
Answers
planning - Answers -involves identification of mission, priorities and broad goals.
programming - Answers -broad goals are refined into explicit objectives and involves
identifying resources required to fulfill the objective
Forecasting - Answers -helps decision-makers predict the level of resources likely to be
available.
Operations - Answers -primary output of phase is service to the public.
mission - Answers -is an ideal statement of what the organization hopes to achieve.
goal - Answers -broad statement of purpose for a particular program within the agency.
objective - Answers -a measurable accomplishment to be achieved within a specific
period of time.
Make or buy decisions are made in what stage? - Answers -programming
effective internal control - Answers -helps ensure that resources are applied
appropriately and that programs achieve their intended results.
accounting phase - Answers -tracks financial events and their effects on the financial
position of the entity.
Level of Govt requires performance reports - Answers -National (Federal)
popular reports or performance reports - Answers -external reports designed for the
average citizen.
The publication is Standards for Internal Control in the Federal Government, published
by GAO - Answers -publication of the national government that provides an effective
guide to internal controls and may be applied at all levels of government
OMB - Answers -Provides detailed instructions for completing Performance and
Accountability Reports at the federal level (required by law)
Management Cycle Questions and
Answers
planning - Answers -involves identification of mission, priorities and broad goals.
programming - Answers -broad goals are refined into explicit objectives and involves
identifying resources required to fulfill the objective
Forecasting - Answers -helps decision-makers predict the level of resources likely to be
available.
Operations - Answers -primary output of phase is service to the public.
mission - Answers -is an ideal statement of what the organization hopes to achieve.
goal - Answers -broad statement of purpose for a particular program within the agency.
objective - Answers -a measurable accomplishment to be achieved within a specific
period of time.
Make or buy decisions are made in what stage? - Answers -programming
effective internal control - Answers -helps ensure that resources are applied
appropriately and that programs achieve their intended results.
accounting phase - Answers -tracks financial events and their effects on the financial
position of the entity.
Level of Govt requires performance reports - Answers -National (Federal)
popular reports or performance reports - Answers -external reports designed for the
average citizen.
The publication is Standards for Internal Control in the Federal Government, published
by GAO - Answers -publication of the national government that provides an effective
guide to internal controls and may be applied at all levels of government
OMB - Answers -Provides detailed instructions for completing Performance and
Accountability Reports at the federal level (required by law)
