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Exam Code: CGFM
Exam Name: Certified Government Financial Manager (CGFM)
Vendor: AGA

60 Questions & Answers
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NEW QUESTION: 1
Assume that your company is working under a fixed-price-incentive contract. It has a target cost of $100,000, a target profit of 10%, a price ceiling of $120,000, and a share formula of 80/20. Assume that your company completes all of the work but has actual costs of $110,000. What is the final value of this procurement?
A. $110,000
B. $132,000
C. $120,000
D. $118,000
Answer: D
Explanation:
In this situation, there is a $10,000 overrun from the target costs. Applying the 80/20 share ratio, the seller's share of the overrun is 20% of $10,000 or a minus $2,000 in earned fee. The final value of this procurement is $110,000 in costs, plus a seller fee of $10,000 less $2,000, or $8,000 for a final price of $118,000. [Monitoring and Controlling] Fleming 2003, 92

NEW QUESTION: 2
During the security review of organizational servers it was found that a file server containing confidential human resources (HR) data was accessible to all user IDs. As a FIRST step, the security manager should:
A. remove access privileges to the folder containing the data.
B. train the HR team on properly controlling file permissions.
C. report this situation to the data owner.
D. copy sample files as evidence.
Answer: C
Explanation:
The data owner should be notified prior to any action being taken. Copying sample files as evidence is not advisable since it breaches confidentiality requirements on the file. Removing access privileges to the folder containing the data should be done by the data owner or by the security manager in consultation with the data owner, however, this would be done only after formally reporting the incident. Training the human resources (MR) team on properly controlling file permissions is the method to prevent such incidents in the future, but should take place once the incident reporting and investigation activities are completed.

NEW QUESTION: 3
Which command will set the local machine's timezone to UTC?
A. ln -s /usr/share/zoneinfo/UTC /etc/localtime
B. cat UTC > /etc/timezone
C. mv /usr/timezone/UTC /etc
D. date --timezone=UTC
Answer: A

NEW QUESTION: 4
Which solution would the RSA Cloud Trust Authority recommend to monitor corporate compliance for a hybrid cloud infrastructure?
A. RSA Archer eGRC Platform
B. RSA Data Loss Prevention (DLP)
C. RSA Federated Identity Manager
D. VMware vShield App with Data Security
Answer: A


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