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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.

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Suggested Answer: D

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

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Precious
2 months ago
Planning and preparation are key for any major project, so A is the way to go. Although, the 'minimal costs' option did make me chuckle.
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Dusti
2 months ago
None of these? Really? The question is asking about the principal advantage of a CIP, so I'd have to go with A.
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Kallie
16 days ago
User4: A) It provides for sufficient lead time to plan for projects.
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Izetta
21 days ago
User3: C) Minimal costs of putting the asset in operating conditions
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Tanja
23 days ago
User2: B) ensures the orderly replacement of capital facilities
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Xochitl
28 days ago
User 3: Yeah, it really helps with project designs and overall efficiency.
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Desmond
1 months ago
User 2: I agree, having that lead time is crucial for successful project implementation.
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Francoise
2 months ago
User1: A) It provides for sufficient lead time to plan for projects.
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Lili
2 months ago
User 1: I think the principal advantage of a CIP is that it provides for sufficient lead time to plan for projects.
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Princess
3 months ago
Orderly replacement of facilities? That's what a CIP is all about, so B is the winner in my book.
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Royce
2 months ago
B) ensures the orderly replacement of capital facilities
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Nickolas
2 months ago
Definitely, it helps avoid unexpected costs and disruptions.
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Arthur
2 months ago
I agree, having a plan in place for replacing facilities is crucial.
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Terrilyn
3 months ago
I think having sufficient lead time to plan for projects is crucial for the success of any capital improvement program.
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Trina
3 months ago
B) ensures the orderly replacement of capital facilities
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Tracey
3 months ago
Haha, 'minimal costs'? That's a good one! I think option C is way off the mark.
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Vivienne
3 months ago
User 2: Definitely, option A seems like the best choice.
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Niesha
3 months ago
User 1: I agree, option C seems unrealistic.
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Terrilyn
3 months ago
A) It provides for sufficient lead time to plan for projects.
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Jesusa
3 months 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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