CGFM Practice Test 8

10 free CGFM practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

CGFM Practice Test 8Tutor mode

Question 1 of 10

Legally Based Implications of the Government Financial Environment

A federal agency receives an $80 million one-year appropriation, which OMB apportions in four equal quarterly amounts. In the first quarter the program office wants to award $30 million in grants, and the agency head is willing to allot the program's full-year funds at once. The agency