GFOA Exam CPFO Topic 3 Question 75 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 75
Topic #: 3

[All CPFO Questions]

An all too familiar axiom is ''either spend it or lose it.'' When an agency under-spends its budget, the governing board is inclined to:

ACheck the reserves for the next time

BCut the next year's budget accordingly

CControl the income and expenditure level

DCall the general public to play their proper role

Show Suggested Answer

Suggested Answer: D

by Roosevelt at Oct 08, 2023, 04:06 PM

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Luisa

16 days ago

I'll take 'Obvious Traps' for 500, Alex. Seriously, who on earth would choose A?

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Melissia

23 days ago

D? Calling the general public? Good luck with that, they're probably too busy binge-watching cat videos to care about the budget.

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Darnell

26 days ago

C? Controlling the income and expenditure level? Sounds like a boring accountant's dream. Where's the excitement?

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2 months ago

A? Really? That's just asking for trouble! Might as well light a match and throw it into a pile of cash.

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Tamala

22 days ago

C) Control the income and expenditure level

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Tamala

28 days ago

B) Cut the next year's budget accordingly

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Ula

2 months ago

I agree with Arlene. It's a common practice to adjust budgets based on previous spending.

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Arlene

2 months ago

I think the governing board will cut the next year's budget accordingly.

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