GFOA Exam CPFO Topic 4 Question 105 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 105
Topic #: 4

[All CPFO Questions]

States require that:

ALocal units adopt balanced budgets but are silent about year-end balances

BStrategic planners first conduct SWOT analysis

CThe Governor makes across-the-Board cuts

DNone of there

Show Suggested Answer

Suggested Answer: C

by Ciara at Jan 11, 2025, 09:30 AM

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Lorrie

2 months ago

D, the good ol' 'None of the above' option. The classic fallback when you have no idea what the right answer is.

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Hector

10 days ago

C) The Governor makes across-the-Board cuts

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Susana

26 days ago

B) Strategic planners first conduct SWOT analysis

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Gracia

1 months ago

A) Local units adopt balanced budgets but are silent about year-end balances

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Kassandra

2 months ago

Across-the-Board cuts, huh? Sounds like the Governor is taking a page from the 'How to Annoy Everyone' playbook.

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Vivienne

2 months ago

SWOT analysis? More like SNOT analysis, amirite? But seriously, B sounds like the most logical choice here.

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Selma

14 days ago

Definitely, it's important to assess internal and external factors.

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Alesia

17 days ago

It's a great tool for decision-making and setting objectives.

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Derick

1 months ago

Yeah, it helps identify strengths, weaknesses, opportunities, and threats.

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Lorrine

1 months ago

I agree, SWOT analysis is crucial for strategic planning.

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King

2 months ago

But A) makes more sense because it ensures financial stability

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Wayne

2 months ago

I disagree, I believe the answer is B)

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King

2 months ago

I think the answer is A)

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Tyisha

2 months ago

Option A seems too good to be true. No way states would let local units have year-end balances, that's like letting a kid have cookies before dinner!

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Tammi

1 months ago

Yeah, that does make sense. It's important to assess strengths, weaknesses, opportunities, and threats before making decisions.

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Loren

1 months ago

Maybe option B is more realistic, with strategic planners conducting SWOT analysis first.

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Maurine

2 months ago

I think states would definitely have some rules in place for year-end balances.

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Gary

2 months ago

I agree, it does seem too good to be true.

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Micah

2 months ago

I think states would want to have more control over year-end balances.

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Yaeko

2 months ago

I agree, option A does seem too good to be true.

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