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Examination 3: Governmental Financial Management and Control (GFMC)
- Exam Number/Code : GFMC
- Exam Name : Examination 3: Governmental Financial Management and Control (GFMC)
- Questions and Answers : 213 Q&As
- Update Time: 2019-01-10
- Price:
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NEW QUESTION: 1
Life insurance policy in which two people are covered on one policy is called:
A. Mortgage life insurance
B. Survivors universal insurance
C. Group life insurance
D. Whole life insurance
Answer: B
NEW QUESTION: 2
Standards related to information technology are not as well-developed or universally accepted as standards in some other audit areas. Financial statements that are fairly presented meet the following
____________: Generally accepted accounting principles are used Appropriate accounting principles are used Financial statements address matters that may affect their use or interpretation Financial statements classify and summarize information in a reasonable manner Financial statements reflect underlying transactions and events in a way that facilitates the presentation of the financial position, results of operation , and cash flows
A. Processing controls
B. Limitations
C. Objective controls
D. Guidelines
Answer: D
NEW QUESTION: 3
A. Option C
B. Option F
C. Option D
D. Option A
E. Option E
F. Option B
Answer: E