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CGFM Exam 3 Study Guide 2024: Complete Questions & Verified Answers

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Prepare for the CGFM Exam 3 with the newest 2024 guide. This comprehensive resource features complete practice questions and correct, verified answers to help you master the Governmental Financial Management and Control environment and pass your certification on the first try.

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CGFM EXAM 3 NEWEST 2024 WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS
(DETAILED ANSWERS) ALREADY GRADED A+
100% GUARANTEED TO PASS CONCEPTS!!!




Federalism - ....ANSWER ....✔✔ Power is distributed
among different levels of government, no one level has
complete authority


Sovereignty - ....ANSWER ....✔✔ National
government cant be sued by states or citizens without its
permission


Popular Sovereignty - ....ANSWER ....✔✔ Citizens
hold ultimate authority through the ballot; even a
sovereign government is accountable to citizens


Primary Purpose of Government - ....ANSWER ....✔✔
Provide services to its citizens


10th Amendment - ....ANSWER ....✔✔ Aka - reserved
Clause

,2|Page




National government cant dictate the manner in which
state and local programs should operate


Why are state and local governments called labratories
of democracy? - ....ANSWER ....✔✔ They experiment
with policies and procedures that are later adopted at
the national level (upward influence)


At the state level, the legislative branch is sometimes
referred to as? - ....ANSWER ....✔✔ General
Assembly


Cities, towns & villages are ________________
governments - ....ANSWER ....✔✔ Municipal


What is the type of municipal government with two
branches: executive (mayor), and legislative (council) -
....ANSWER ....✔✔ Mayor-Council form


The form of municipal government where the executive
and legislative branches are combined into the authority
of commissioners - ....ANSWER ....✔✔ Commission
form

,3|Page




Type of municipal government where council members
embody the legislative branch & a manager serves at
discretion of the council- not the voters - ....ANSWER
....✔✔ Council Manager Form


The first 10 amendments are known as
______________ - ....ANSWER ....✔✔ The Bill of
RIghts


How many articles are in the Constitution? - ....ANSWER
....✔✔ Seven


No one branch of government can exercise complete
control over another - ....ANSWER ....✔✔ Separation
of Powers


Under _________________, courts can overturn laws if
deemed unconstitional - ....ANSWER ....✔✔ Judicial
Review


Since each house may pass a different version of a bill,
differences are reconciled in ___________________ -
....ANSWER ....✔✔ Conference Committees

, 4|Page




Congress may override the presidents veto with a
_______________ vote in BOTH houses - ....ANSWER
....✔✔ Two-Thirds


The 3 branches of government can further be divided
into ____________________ - ....ANSWER ....✔✔
Components


Which branch has the most components - ....ANSWER
....✔✔ Executive


Many government components take the form of
________________, either permanent of temporary -
....ANSWER ....✔✔ Commissions


The local government equivalent of a constitution -
....ANSWER ....✔✔ Charter


Put the following in order per hierarchy of government
authorities: Laws, Executive Orders, Constitution, Rules &
Regulations - ....ANSWER ....✔✔ Constitution, Laws,
Executive Orders, Rules & Regulations

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