BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

GFOA Exam CPFO Topic 1 Question 88 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 88
Topic #: 1
[All CPFO Questions]

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Herman at May 23, 2024, 11:53 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Angelica
5 months ago
D) None of these. The government requires us to make assumptions about the future? I thought they were still trying to figure out what happened yesterday.
upvoted 0 times
Bev
4 months ago
C) Both A&B
upvoted 0 times
...
Xochitl
4 months ago
B) Explicit
upvoted 0 times
...
Leonor
4 months ago
A) Implicit, one understated by another
upvoted 0 times
...
...
Candida
5 months ago
B) Explicit. It's the only way the government can be sure we're not trying to sneak in any 'creative' assumptions. After all, they don't trust us as far as they can throw us.
upvoted 0 times
Marsha
4 months ago
C) Both A&B
upvoted 0 times
...
Elbert
5 months ago
B) Explicit
upvoted 0 times
...
Lilli
5 months ago
A) Implicit, one understated by another
upvoted 0 times
...
...
Ashlee
5 months ago
C) Both A&B. The government likes to keep us on our toes, so they'll probably change the requirement every few years just to keep things interesting.
upvoted 0 times
Marion
5 months ago
C) Both A&B
upvoted 0 times
...
Kerry
5 months ago
B) Explicit
upvoted 0 times
...
Toshia
5 months ago
A) Implicit, one understated by another
upvoted 0 times
...
...
Elina
6 months ago
D) None of these? Really? I thought the government required us to make assumptions about everything, including the weather and the color of the sky.
upvoted 0 times
Fausto
4 months ago
B) Explicit
upvoted 0 times
...
Tandra
4 months ago
A) Implicit, one understated by another
upvoted 0 times
...
Frank
5 months ago
Both A&B
upvoted 0 times
...
Frank
5 months ago
Explicit
upvoted 0 times
...
...
Celeste
6 months ago
B) Explicit, of course! The federal government loves to be explicit about everything, even if it means more paperwork for us.
upvoted 0 times
Jin
5 months ago
It's better to be safe than sorry, so explicit assumptions are necessary.
upvoted 0 times
...
Jin
5 months ago
Yes, the government wants everything to be clear and explicit.
upvoted 0 times
...
...

Save Cancel