AGA GAFRB Q&A - in .pdf

  • GAFRB pdf
  • Exam Code: GAFRB
  • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
The cost baseline and project funding requirements are outputs of which process in Project Cost Management?
A. Estimate Costs
B. Plan Cost Management
C. Determine Budget
D. Control Costs
Answer: C
Explanation:
Explanation/Reference:
Explanation:
7.3.3.1 Cost Baseline
The cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. It is developed as a summation of the approved budgets for the different schedule activities.
Process: 7.3 Determine Budget
Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled.
Inputs
1. Cost management plan
2. Scope baseline
3. Activity cost estimates
4. Basis of estimates
5. Project schedule
6. Resource calendars
7. Risk register
8. Agreements
9. Organizational process assets
Tools & Techniques
1. Cost aggregation
2. Reserve analysis
3. Expert judgment
4. Historical relationships
5. Funding limit reconciliation
Outputs
1. Cost baseline
2. Project funding requirements
3. Project documents updates

NEW QUESTION: 2
All of the following were contributory causes of the banking crisis of 2008 (the 'credit crunch') except one.
Which ONE is the exception?
A. Over- capitalization of commercial and investment banks
B. Erroneous credit rating of collateralized debt obligations by credit rating agencies
C. The bundling of mortgages into collateralized debt obligations which were sold onto banks
D. Large scale default in the in the US sub-prime mortgage market
Answer: A

NEW QUESTION: 3
ソーシャルアカウント、連絡先、およびリード機能を介してシステム管理者が利用できるデータ強化オプションは次のうちどれですか。
A. 会社のセールスフォースFacebookアカウントを使用する
B. Facebookを使用して学歴をインポートする
C. Linkedlnを使用して学歴をインポートする
D. Twitterを使用して、連絡先が投稿した最近のツイートを表示する
Answer: D

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