Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

GFOA CPFO Exam - Topic 12 Question 77 Discussion

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.
C) Both A&B
A) Implicit, one understated by another
B) Explicit
D) None of these

GFOA CPFO Exam - Topic 12 Question 77 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 77
Topic #: 12
[All CPFO Questions]

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Lavonda at Nov 25, 2023, 06:49 AM

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Vilma
10 months ago
The government really does require these assumptions.
upvoted 0 times
...
Makeda
10 months ago
I thought it was none of these... interesting!
upvoted 0 times
...
Taryn
11 months ago
Wait, are we sure it's not both A and B?
upvoted 0 times
...
Maia
11 months ago
Totally agree, option B is the way to go!
upvoted 0 times
...
Adela
11 months ago
It's definitely explicit assumptions we need to make.
upvoted 0 times
...
Garry
11 months ago
I’m really unsure about this one. I feel like "none of these" could also be a possibility, but I just can't remember the specifics.
upvoted 0 times
...
Jame
11 months ago
I’m leaning towards "both A & B" because the government might require a mix of assumptions, but I’m not confident.
upvoted 0 times
...
Francesco
12 months ago
I remember a practice question that mentioned "implicit" assumptions, but I can't recall if that applies here. It feels like it could be both.
upvoted 0 times
...
Cordell
12 months ago
I think the answer might be "explicit," but I'm not entirely sure. We discussed how assumptions need to be clearly stated in financial reports.
upvoted 0 times
...
Abel
12 months ago
Okay, I think I've got it. The government requires firms to make explicit assumptions about things like interest rates and inflation. B is the answer.
upvoted 0 times
...
Queen
12 months ago
The key here is understanding what "explicit" and "implicit" mean in this context. I'll review my notes to make sure I have that right.
upvoted 0 times
...
Ligia
12 months ago
Hmm, I'm a little unsure about this one. I'll have to think it through carefully before answering.
upvoted 0 times
...
Iraida
12 months ago
This one seems pretty straightforward. I'm pretty sure the answer is B - Explicit.
upvoted 0 times
...
Brock
12 months ago
This seems like a pretty straightforward question. I'm pretty confident I can figure this out.
upvoted 0 times
...
Geraldine
1 year ago
I think the answer is B. The question mentions that the clusters are being integrated using ILS, and for that to work, the Cluster IDs need to be unique. If the Cluster IDs are not unique, the integration will fail.
upvoted 0 times
...

Save Cancel