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GFOA Exam CPFO Topic 1 Question 88 Discussion

Actual exam question for GFOA's Certified Public Finance Officer exam
Question #: 88
Topic #: 1
[All Certified Public Finance Officer Questions]

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

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Suggested Answer: C

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

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Angelica
2 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.
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Bev
2 months ago
C) Both A&B
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Xochitl
2 months ago
B) Explicit
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Leonor
2 months ago
A) Implicit, one understated by another
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Candida
2 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.
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Marsha
2 months ago
C) Both A&B
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Elbert
2 months ago
B) Explicit
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Lilli
2 months ago
A) Implicit, one understated by another
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Ashlee
3 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.
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Marion
2 months ago
C) Both A&B
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Kerry
2 months ago
B) Explicit
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Toshia
2 months ago
A) Implicit, one understated by another
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Elina
3 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.
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Fausto
2 months ago
B) Explicit
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Tandra
2 months ago
A) Implicit, one understated by another
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Frank
2 months ago
Both A&B
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Frank
2 months ago
Explicit
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Celeste
3 months ago
B) Explicit, of course! The federal government loves to be explicit about everything, even if it means more paperwork for us.
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Jin
3 months ago
It's better to be safe than sorry, so explicit assumptions are necessary.
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Jin
3 months ago
Yes, the government wants everything to be clear and explicit.
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