FREE CGFM Questions and Answers
For $91,000, a city purchases a T-bill with a face value of $10,000. The note becomes due in 91 days. How much was produced?
The accounting for managing investment inventory, disbursing cash, managing cash, and billing and receiving taxes and utilities should all be subject to the same accounting controls. Which of the following other internal control measures is effective?
What is a stable economy defined as?
I. An equilibrium in the international balance of payments
II. Full employment
III. Economist growth
IV. Frequent changes in Price
The Keynesian fiscal policy enhances __ and the supply side fiscal policy decreases ___.
The supply-side fiscal policy reduces taxes, while the Keynesian fiscal policy increases federal spending.
Supply-side fiscal policy focuses on stimulating economic growth by reducing taxes, particularly on businesses and individuals. The rationale behind this policy is that lower tax rates will incentivize increased investment, production, and consumption, ultimately leading to economic expansion. The goal of supply-side fiscal policy is to improve the supply side of the economy and boost productivity.
On the other hand, Keynesian fiscal policy, named after economist John Maynard Keynes, emphasizes the role of government spending in stimulating economic activity. In times of economic downturn or recession, Keynesian fiscal policy suggests increasing government spending to stimulate demand and boost overall economic output. By injecting money into the economy through government spending, Keynesian fiscal policy aims to increase consumer and business spending, leading to increased employment and economic growth.
Every employee should have a personnel file that contains documentation for their hiring, a history of their pay, the number of hours they are authorized to work, federal and state withholding forms, information about their health insurance and retirement benefits, and documentation for any other payout deductions. There are the following steps:
For members of government boards, the following financial decisions are the most politically delicate:
Which of the following does not present a budgetary opportunity for the government?
Governmental budgetary plans typically focus on allocating financial resources to various areas such as infrastructure development, public services, education, healthcare, defense, social welfare programs, and other essential government functions. While infrastructure development may include building projects such as roads, bridges, schools, hospitals, or government office buildings, the specific mention of "Modern building apartment" suggests a focus on residential housing that is typically outside the scope of governmental budgetary plans.