Free CPFO Exam Braindumps (page: 23)

Page 23 of 51

Vendors sometimes attempt to unduly influence governing board members, the CEO, and agency personnel to buy their goods or services. To avoid such situations, the governing board of a government should adopt an ethics policy. The NIGP recommends a policy that governments and non-profits might want to:

  1. Change the Control basics
  2. Adopt or adapt
  3. handover the control to a third party (Consultants)
  4. None of these

Answer(s): B



QPL is a specification based on:

  1. Manufacturers' names
  2. Brand names or model numbers that have been examined and approved for purchase by the government or nonprofit.
  3. None of these
  4. Both of these

Answer(s): D



Life cycle costing results in _____________ overall cost.

  1. Lower
  2. Higher
  3. Balancing
  4. It depends

Answer(s): A



A local government can either purchase a computer for $61,000 or lease it for five years at $15000, after which the local government would own it. The anticipated discount rate will be 8%. Is it more economical to lease or purchase?

  1. Lease
  2. Purchase
  3. No significant difference
  4. None of these

Answer(s): A



Page 23 of 51



Post your Comments and Discuss Financial CPFO exam with other Community members:

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