GFOA Exam CPFO Topic 7 Question 102 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 102
Topic #: 7

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

AImplicit, one understated by another

BExplicit

CBoth A&B

DNone of these

Show Suggested Answer

Suggested Answer: C

by Kent at Oct 21, 2024, 12:16 AM

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Andrew

5 days ago

Ah, the old 'explicit vs. implicit' debate. B is the way to go, no need to play games with the government.

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Paz

9 days ago

I'm going with C. Both A and B. Gotta cover all the bases, you know?

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Vallie

3 days ago

User1: I agree, it's important to consider both implicit and explicit assumptions.

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Hyun

26 days ago

D. None of these, really? That's a trick question if I ever saw one.

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Lisbeth

17 days ago

B) Explicit

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Maira

28 days ago

I agree with Ardella. It makes sense for the government to require explicit assumptions for future economic factors.

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Larue

30 days ago

Hmm, I think the answer is B. Explicit assumptions make the most sense for government compliance.

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Weldon

18 days ago

I'm not sure, but I think it's important to consider both types of assumptions.

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Shakira

19 days ago

I think it could also be both A&B, as sometimes implicit assumptions are also considered.

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Oneida

23 days ago

I agree, explicit assumptions are necessary for government compliance.

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Ardella

30 days ago

I think the answer is B) Explicit.

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