CGFM Budget Practice Questions
The free CGFM: Certified Government Financial Manager questions that deal with budget, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #3
When preparing the budget, what is the primary consideration for a government manager?
Correct answer: B
Explanation
Anticipating revenue is crucial for preparing a budget that meets the agency's financial needs effectively.
Question #5
What role does the Office of Management and Budget (OMB) play in government financial management?
Correct answer: C
Explanation
OMB oversees the budgeting process and ensures budget execution aligns with laws and policies.
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