Planning and Budgeting Practice Test Questions With
Complete Solutions
Public participation that is representative of the entire
community should:
be a government's objective during the public engagement
process.
What is "random sampling"?
The characteristics of the whole population can be estimated.
What is "level of service" (in asset management)?
The quality of a given service
A good budget calendar should be available to:
all stakeholders
A budget/ expenditure reduction will negatively impact
which of the following?
Level of service to the population
The budget manager as a forecaster will focus on:
, All of the above.
Clearly stating assumptions and limitations of the budget
forecast is a part of:
communicating forecasted revenue projections (as a budget
manager/ forecaster).
An example of outsourcing a service is:
contracting with a private company to increase trash pick up.
GFOA recommends that all governments prepare and
maintain a long-term financial plan that projects revenues,
expenses, financial position, and external factors for all key
funds and government operations at least:
five years or longer into the future.
National Consumer Confidence, Consumer Price Inflation,
and Disposable income are considered trustworthy: Which
of these economic measures is NOT a factor that affects
future sales tax collections?
Community quality of life rating
GAAP and the "budgetary basis of accounting" are different
because:
Complete Solutions
Public participation that is representative of the entire
community should:
be a government's objective during the public engagement
process.
What is "random sampling"?
The characteristics of the whole population can be estimated.
What is "level of service" (in asset management)?
The quality of a given service
A good budget calendar should be available to:
all stakeholders
A budget/ expenditure reduction will negatively impact
which of the following?
Level of service to the population
The budget manager as a forecaster will focus on:
, All of the above.
Clearly stating assumptions and limitations of the budget
forecast is a part of:
communicating forecasted revenue projections (as a budget
manager/ forecaster).
An example of outsourcing a service is:
contracting with a private company to increase trash pick up.
GFOA recommends that all governments prepare and
maintain a long-term financial plan that projects revenues,
expenses, financial position, and external factors for all key
funds and government operations at least:
five years or longer into the future.
National Consumer Confidence, Consumer Price Inflation,
and Disposable income are considered trustworthy: Which
of these economic measures is NOT a factor that affects
future sales tax collections?
Community quality of life rating
GAAP and the "budgetary basis of accounting" are different
because:
