Question 1

The Government Performance and Results Act of 1993 requires federal agencies to focus on explicit near-term objectives and performance measures.

Accepted Answer

A) True 
 B)False

Question 2

Because of the difficulty of measuring quality teaching, many colleges and universities rely heavily on student evaluations of the quality of instruction and accomplishment of course objectives.Which of the following is (are)a true statement(s)?

Accepted Answer

A) This is a good practice, which may improve the quality of instruction. 
B) This is a good idea but may have unintended negative consequences by causing faculty to decrease the rigor of a course. 
C) Both are true. 
D) Neither is true. 
A) This is a good practice, which may improve the quality of instruction. 
B) This is a good idea but may have unintended negative consequences by causing faculty to decrease the rigor of a course. 
C) Both are true. 
D) Neither is true.

Question 3

Which of the following groups are involved in auditing a program?

Accepted Answer

A) Accountants. 
B) Statisticians. 
C) Economists. 
D) All of the above.
Use the following information to answer Questions 9 and 10.
A piece of federal legislation has as one of its objectives "improving the health of older Americans." Title 20 of that legislation provides for granting federal funds to governments and not-for-profit entities to provide nutritious hot meals to older Americans in congregate settings.Senior Citizens Center, a not-for-profit entity, receives funding under this legislation.The center determines the following for a one-month period:
  
A) Accountants. 
B) Statisticians. 
C) Economists. 
D) All of the above.
Use the following information to answer Questions 9 and 10.
A piece of federal legislation has as one of its objectives "improving the health of older Americans." Title 20 of that legislation provides for granting federal funds to governments and not-for-profit entities to provide nutritious hot meals to older Americans in congregate settings.Senior Citizens Center, a not-for-profit entity, receives funding under this legislation.The center determines the following for a one-month period:

Question 4

What is the present value of Option #1?

Accepted Answer

A) $220,000. 
B) $275,072. 
C) $297,408. 
D) $433,442. 
A) $220,000. 
B) $275,072. 
C) $297,408. 
D) $433,442.

Question 5

An organization's mission and goals derive from its operational objectives.

Accepted Answer

A) True 
 B)False

Question 6

Most accounting organizations support the notion that performance measures should be included in general-purpose annual financial reports.

Accepted Answer

A) True 
 B)False

Question 7

Program budgeting, although highly popular and successful, has many disadvantages or drawbacks.Which of the following is an advantage or benefit of program budgeting?

Accepted Answer

A) It may provide too much information. 
B) It may be applied perfunctorily after its initial implementation. 
C) It may not live up to its expectations. 
D) It may discourage funding at levels other than those that will result in actual increases in results. 
A) It may provide too much information. 
B) It may be applied perfunctorily after its initial implementation. 
C) It may not live up to its expectations. 
D) It may discourage funding at levels other than those that will result in actual increases in results.

Question 8

Which of the following groups is least likely to be involved in evaluating the efficiency and effectiveness of government programs?

Accepted Answer

A) Accountants. 
B) Legislators. 
C) Economists. 
D) Statisticians. 
A) Accountants. 
B) Legislators. 
C) Economists. 
D) Statisticians.

Question 9

Rather than cash inflows, the potential benefits of many capital assets can be expressed as cash savings to governments and not-for-profits.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT the role of policy makers in solving social problems?

Accepted Answer

A) Selecting among options 
B) Developing alternatives. 
C) Appropriating resources required to implement programs 
D) Establishing expected goals. 
A) Selecting among options 
B) Developing alternatives. 
C) Appropriating resources required to implement programs 
D) Establishing expected goals.

Question 11

Which of the following is true about budgets prepared by entities that use program budgeting techniques?

Accepted Answer

A) The budget package will include information about the object classification expenditures necessary to accomplish a specific goal or objective. 
B) The budget package will generally include information about the costs of providing a variety of levels of service of the same program. 
C) The budget package will generally include information about the importance of the activity in accomplishing the entity's objectives, alternatives methods of accomplishing the objective, and the consequences of not performing the activity. 
D) All of the above can be true. 
A) The budget package will include information about the object classification expenditures necessary to accomplish a specific goal or objective. 
B) The budget package will generally include information about the costs of providing a variety of levels of service of the same program. 
C) The budget package will generally include information about the importance of the activity in accomplishing the entity's objectives, alternatives methods of accomplishing the objective, and the consequences of not performing the activity. 
D) All of the above can be true.

Question 12

At many colleges and universities, students are asked to evaluate the quality of instruction received and course content for all undergraduate courses.The evaluations are used for which of the following?

Accepted Answer

A) As an outcome measure. 
B) As an output measure. 
C) As a surrogate for an outcome measure. 
D) As a surrogate for an output measure. 
A) As an outcome measure. 
B) As an output measure. 
C) As a surrogate for an outcome measure. 
D) As a surrogate for an output measure.

Question 13

Benefit-cost analysis has fallen from favor among management experts because it usurps the role of informed judgment.

Accepted Answer

A) True 
 B)False

Question 14

All governments and not-for-profit entities should establish goals and objectives.Which of the following is a desirable characteristic of an operational objective?

Accepted Answer

A) An operational objective should be open to interpretation. 
B) An operational objective should be measurable. 
C) An operational objective should be a statement of aspirations. 
D) An operational objective should be accomplishable by an unspecified future date. 
A) An operational objective should be open to interpretation. 
B) An operational objective should be measurable. 
C) An operational objective should be a statement of aspirations. 
D) An operational objective should be accomplishable by an unspecified future date.

Question 15

Which of the following is NOT one of the three categories of SEA measures identified by the GASB?

Accepted Answer

A) Measures of efforts. 
B) Measures of financial stewardship. 
C) Measures of accomplishment. 
D) Measures that relate efforts to accomplishments. 
A) Measures of efforts. 
B) Measures of financial stewardship. 
C) Measures of accomplishment. 
D) Measures that relate efforts to accomplishments.

Question 16

Which of the following is an example of an efficiency measure?

Accepted Answer

A) Cost per client placed in an appropriate job. 
B) Cost per ton of garbage collected. 
C) Cost per gallon of water suitable for drinking. 
D) Cost per child reading at grade level. 
A) Cost per client placed in an appropriate job. 
B) Cost per ton of garbage collected. 
C) Cost per gallon of water suitable for drinking. 
D) Cost per child reading at grade level.

Question 17

One of the principal disadvantages of zero-base budgeting is that it requires budgetary units to provide information that may never be used in the decision process.

Accepted Answer

A) True 
 B)False

Question 18

Zero-base budgeting is a form of

Accepted Answer

A) Incremental budgeting introduced in the 1960s. 
B) Program budgeting introduced in the 1970s. 
C) Performance budgeting introduced in the 1980s. 
D) Traditional budgeting revamped for the new millennium. 
A) Incremental budgeting introduced in the 1960s. 
B) Program budgeting introduced in the 1970s. 
C) Performance budgeting introduced in the 1980s. 
D) Traditional budgeting revamped for the new millennium.

Question 19

Aid for Friends, a not-for-profit entity, provides temporary shelter for the homeless, provides temporary housing and other assistance for victims of spousal abuse, serves meals to the needy in a congregate setting, operates a second-hand clothing store, and operates a food bank to provide food for those temporarily in need.Which of the following is the best statement of operating objectives for Aid for Friends?

Accepted Answer

A) Our objective is to provide food and shelter for the needy. 
B) Our objective is to provide assistance to those in need. 
C) Our objective is to provide temporary assistance to those in need. 
D) Our objective is to help the needy achieve financial independence. 
A) Our objective is to provide food and shelter for the needy. 
B) Our objective is to provide assistance to those in need. 
C) Our objective is to provide temporary assistance to those in need. 
D) Our objective is to help the needy achieve financial independence.

Question 20

What is the present value of Option #2?

Accepted Answer

A) $ 20,102. 
B) $ 36,000. 
C) $264,964. 
D) $285,066. 
A) $ 20,102. 
B) $ 36,000. 
C) $264,964. 
D) $285,066.

The Government Performance and Results Act of 1993 requires federal agencies to focus on explicit near-term objectives and performance measures.

Because of the difficulty of measuring quality teaching, many colleges and universities rely heavily on student evaluations of the quality of instruction and accomplishment of course objectives.Which of the following is (are)a true statement(s)?

Which of the following groups are involved in auditing a program?

What is the present value of Option #1?

An organization's mission and goals derive from its operational objectives.

Most accounting organizations support the notion that performance measures should be included in general-purpose annual financial reports.

Program budgeting, although highly popular and successful, has many disadvantages or drawbacks.Which of the following is an advantage or benefit of program budgeting?

Which of the following groups is least likely to be involved in evaluating the efficiency and effectiveness of government programs?

Rather than cash inflows, the potential benefits of many capital assets can be expressed as cash savings to governments and not-for-profits.

Which of the following is NOT the role of policy makers in solving social problems?

Which of the following is true about budgets prepared by entities that use program budgeting techniques?

At many colleges and universities, students are asked to evaluate the quality of instruction received and course content for all undergraduate courses.The evaluations are used for which of the following?

Benefit-cost analysis has fallen from favor among management experts because it usurps the role of informed judgment.

All governments and not-for-profit entities should establish goals and objectives.Which of the following is a desirable characteristic of an operational objective?

Which of the following is NOT one of the three categories of SEA measures identified by the GASB?

Which of the following is an example of an efficiency measure?

One of the principal disadvantages of zero-base budgeting is that it requires budgetary units to provide information that may never be used in the decision process.

Zero-base budgeting is a form of

What is the present value of Option #2?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Pensions and Other Fiduciary Activities

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Health Care Providers

Auditing Governments and Notforprofit Organizations

Federal Government Accounting

Filters

Exam 15: Managing for Results

The Government Performance and Results Act of 1993 requires federal agencies to focus on explicit near-term objectives and performance measures.

Because of the difficulty of measuring quality teaching, many colleges and universities rely heavily on student evaluations of the quality of instruction and accomplishment of course objectives.Which of the following is (are)a true statement(s)?

Which of the following groups are involved in auditing a program?

What is the present value of Option #1?

An organization's mission and goals derive from its operational objectives.

Most accounting organizations support the notion that performance measures should be included in general-purpose annual financial reports.

Program budgeting, although highly popular and successful, has many disadvantages or drawbacks.Which of the following is an advantage or benefit of program budgeting?

Which of the following groups is least likely to be involved in evaluating the efficiency and effectiveness of government programs?

Rather than cash inflows, the potential benefits of many capital assets can be expressed as cash savings to governments and not-for-profits.

Which of the following is NOT the role of policy makers in solving social problems?

Which of the following is true about budgets prepared by entities that use program budgeting techniques?

At many colleges and universities, students are asked to evaluate the quality of instruction received and course content for all undergraduate courses.The evaluations are used for which of the following?

Benefit-cost analysis has fallen from favor among management experts because it usurps the role of informed judgment.

All governments and not-for-profit entities should establish goals and objectives.Which of the following is a desirable characteristic of an operational objective?

Which of the following is NOT one of the three categories of SEA measures identified by the GASB?

Which of the following is an example of an efficiency measure?

One of the principal disadvantages of zero-base budgeting is that it requires budgetary units to provide information that may never be used in the decision process.

Zero-base budgeting is a form of

What is the present value of Option #2?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Pensions and Other Fiduciary Activities

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Health Care Providers

Auditing Governments and Notforprofit Organizations

Federal Government Accounting

Filters