GFOA CPFO Quiz 2 Topic 4 Questions 6-10

Question: 1

In issuing bonds, Governments usually take following steps EXCEPT:

ACompensation balance

BDecision on the advisability of issuing debt

CHow to finance the debt

DPreparation, selling and administration of repayments.

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Question: 2

Gas, taxes restricted for road maintenance and repair, property taxes restricted for downtown development, property taxes restricted for fire tax districts and state tobacco settlement funds restricted for smoking reduction and economic development are settled by Government with the help of:

AMajor Federal Government Funds

BFinancial sector Funds

CSpecial revenue funds

DNone of these

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Question: 3

Centralization is most cost effective than decentralization purchasing because:

APurchases are better scheduled

BGoods are more systematically inspected

CSuppliers operate under a single set of rules and expectations

DAll of these

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Question: 4

In non-reciprocal interfund activities transfers without repayment may occur because?

AA proprietary fund is self-supporting

BA proprietary fund is not self-supporting

CFor instance a public transit system may require a transfer form the general fund because fares and other revenues do not offset costs.

DNone of there

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Question: 5

In non-reciprocal interfund activities transfers without repayment may occur because?

AA proprietary fund is self-supporting

BA proprietary fund is not self-supporting

CFor instance a public transit system may require a transfer form the general fund because fares and other revenues do not offset costs.

DNone of there

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GFOA CPFO Quiz:2 Topic:4 Questions:6-10