GFOA Exam CPFO Topic 6 Question 59 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 59
Topic #: 6

[All CPFO Questions]

The principal advantage of a CIP (Capital improvement Program) is that______________, including their project designs, land acquisition, permitting, and acquiring financing.

AIt provides for sufficient lead time to plan for projects.

Bensures the orderly replacement of capital facilities

CMinimal costs of putting the asset in operating conditions

DNone of these

Show Suggested Answer

Suggested Answer: D

by Felicidad at Oct 13, 2022, 04:11 AM

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Trina

1 days ago

B) ensures the orderly replacement of capital facilities

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Tracey

1 days ago

Haha, 'minimal costs'? That's a good one! I think option C is way off the mark.

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Terrilyn

5 days ago

A) It provides for sufficient lead time to plan for projects.

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Jesusa

5 days ago

A CIP gives us plenty of time to plan out projects thoroughly, so option A is clearly the best choice here.

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