Free CPFO Exam Braindumps
Certified Public Finance Officer (CPFO) Questions 96–100 (page: 21)

Updated On: 10-Feb-2026

Which one the following statement is NOT included in Green Purchasing?

  1. Buying energy-efficient light bulbs
  2. Buying batteries with mercury
  3. Buying non-toxic cleaning products
  4. Buying recycled paper and two-way envelopes

Answer(s): B



The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is &0.70(0.20x$3.50). What is the economic order quantity?

  1. 150 oil filters
  2. 130 oil filters
  3. 155 oil filters
  4. None of these

Answer(s): A



The primary objectives, in priority order, should be:

  1. Safety
  2. Liquidity
  3. Yield
  4. All of these

Answer(s): D



In the collection of cash receipts, for a fee, organizations can engage a bank to provide a lock-box service. Lockboxes may be:

  1. Wholesale
  2. Retail
  3. Temporary
  4. Only A & B

Answer(s): D



Banks offer short-term loans, including:

  1. A line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly
  2. Bond anticipation notes (BANs) in anticipation of future long-term financing
  3. Tax anticipation notes (TANs) or revenue anticipation notes (RANs) in anticipation of taxes or other revenues that will be received
  4. All of these

Answer(s): D



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