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

- Free Preparation Discussions

GFOA CPFO Exam - Topic 4 Question 105 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 105
Topic #: 4

[All CPFO Questions]

States require that:

ALocal units adopt balanced budgets but are silent about year-end balances

BStrategic planners first conduct SWOT analysis

CThe Governor makes across-the-Board cuts

DNone of there

Show Suggested Answer

Suggested Answer: C

by Ciara at Jan 11, 2025, 09:30 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Eric

6 months ago

SWOT analysis is definitely a key step in strategic planning!

upvoted 0 times

...

Annita

6 months ago

Across-the-board cuts by the Governor can be pretty controversial.

upvoted 0 times

...

Eileen

7 months ago

Wait, are they really silent about year-end balances? That seems odd.

upvoted 0 times

...

Velda

7 months ago

I totally agree, it's a must for fiscal responsibility.

upvoted 0 times

...

Novella

7 months ago

Local units really do have to adopt balanced budgets!

upvoted 0 times

...

Narcisa

7 months ago

I’m leaning towards option D, but I feel like I need to double-check what the states actually mandate regarding budgets.

upvoted 0 times

...

Jackie

8 months ago

Across-the-board cuts by the Governor seem like something I’ve read about, but I can't recall if it's a requirement.

upvoted 0 times

...

Francesco

8 months ago

I remember practicing a question about strategic planning and SWOT analysis, so option B might be correct.

upvoted 0 times

...

Eric

8 months ago

I think option A sounds familiar, but I’m not entirely sure if states really don’t require year-end balances.

upvoted 0 times

...

Felix

8 months ago

Ugh, this question is confusing me. I'm not sure I fully understand what it's asking. I'll have to read it a few more times and see if I can spot the right approach.

upvoted 0 times

...

Noel

8 months ago

Okay, I've got a strategy for this. I'm going to first identify the key information about the state requirements, then match that up to the answer choices. Gotta be methodical here.

upvoted 0 times

...

Kaycee

8 months ago

Hmm, this is a tricky one. I'm not totally sure about the right answer here. I'll need to think it through step-by-step and see if I can eliminate any of the options.

upvoted 0 times

...

Antione

8 months ago

I think I can handle this one. The key is to focus on the specific requirements the states have for local units. I'll carefully read through the options and see which one best matches that.

upvoted 0 times

...

Lorrie

1 year ago

D, the good ol' 'None of the above' option. The classic fallback when you have no idea what the right answer is.

upvoted 0 times

Hector

12 months ago

C) The Governor makes across-the-Board cuts

upvoted 0 times

...

Susana

1 year ago

B) Strategic planners first conduct SWOT analysis

upvoted 0 times

...

Gracia

1 year ago

A) Local units adopt balanced budgets but are silent about year-end balances

upvoted 0 times

...

...

Kassandra

1 year ago

Across-the-Board cuts, huh? Sounds like the Governor is taking a page from the 'How to Annoy Everyone' playbook.

upvoted 0 times

...

Vivienne

1 year ago

SWOT analysis? More like SNOT analysis, amirite? But seriously, B sounds like the most logical choice here.

upvoted 0 times

Selma

1 year ago

Definitely, it's important to assess internal and external factors.

upvoted 0 times

...

Alesia

1 year ago

It's a great tool for decision-making and setting objectives.

upvoted 0 times

...

Derick

1 year ago

Yeah, it helps identify strengths, weaknesses, opportunities, and threats.

upvoted 0 times

...

Lorrine

1 year ago

I agree, SWOT analysis is crucial for strategic planning.

upvoted 0 times

...

...

King

1 year ago

But A) makes more sense because it ensures financial stability

upvoted 0 times

...

Wayne

1 year ago

I disagree, I believe the answer is B)

upvoted 0 times

...

King

1 year ago

I think the answer is A)

upvoted 0 times

...

Tyisha

1 year ago

Option A seems too good to be true. No way states would let local units have year-end balances, that's like letting a kid have cookies before dinner!

upvoted 0 times

Tammi

1 year ago

Yeah, that does make sense. It's important to assess strengths, weaknesses, opportunities, and threats before making decisions.

upvoted 0 times

...

Loren

1 year ago

Maybe option B is more realistic, with strategic planners conducting SWOT analysis first.

upvoted 0 times

...

Maurine

1 year ago

I think states would definitely have some rules in place for year-end balances.

upvoted 0 times

...

Gary

1 year ago

I agree, it does seem too good to be true.

upvoted 0 times

...

Micah

1 year ago

I think states would want to have more control over year-end balances.

upvoted 0 times

...

Yaeko

1 year ago

I agree, option A does seem too good to be true.

upvoted 0 times

...

...