#1
What does GFEBS stand for?
Government Financial Enterprise Budgeting System
Global Financial Enterprise Business System
General Fund Enterprise Business System
Governmental Financial Enterprise Budgeting Solution
#2
Which of the following modules is NOT typically included in GFEBS?
Financial Accounting
Procurement
Human Resources
Logistics
#3
Which of the following is NOT a core functionality of GFEBS?
Budgeting and Planning
Travel Management
Asset Management
Financial Reporting
#4
What is the primary goal of GFEBS?
To automate payroll processing
To streamline financial management for the U.S. Army
To provide healthcare services
To manage transportation logistics
#5
Which department within the U.S. Army is primarily responsible for managing GFEBS?
Department of the Treasury
Department of Defense
Department of the Army
Department of Homeland Security
#6
What is the main purpose of the GFEBS Budgeting and Planning module?
To manage employee schedules
To track inventory levels
To create and manage budgets
To handle customer orders
#7
What is the primary purpose of the GFEBS system?
To manage personnel records
To track military deployments
To provide financial management capabilities
To facilitate communication between government agencies
#8
Which agency oversees the implementation and management of GFEBS?
Department of Defense
Department of Homeland Security
General Services Administration
Office of Management and Budget
#9
What role does GFEBS play in budgeting?
It allows users to create budgets but doesn't track spending.
It tracks spending but doesn't allow users to create budgets.
It allows users to create budgets and tracks spending against them.
It neither allows users to create budgets nor tracks spending.
#10
Which government entities primarily use GFEBS?
State governments
Local governments
Federal agencies
International organizations
#11
Which phase of the financial management process does GFEBS primarily support?
Budget execution
Financial planning
Financial reporting
Financial policy
#12
What is the purpose of the General Fund Enterprise Business System (GFEBS)?
To manage personal finances
To track military vehicles
To provide real-time financial data for the U.S. Army
To manage national parks
#13
What is one of the main advantages of using GFEBS for financial management?
Reduced security measures
Increased data redundancy
Improved financial transparency
Limited scalability
#14
What is the significance of GFEBS in terms of auditability?
It reduces auditability due to complex processes.
It increases auditability by providing transparent financial data.
It has no impact on auditability.
It only provides auditability for certain financial transactions.
#15
Which of the following is a benefit of implementing GFEBS?
Increased manual data entry
Decreased financial control
Improved decision-making capabilities
Limited access to financial information
#16
Which of the following is a key feature of GFEBS?
Limited accessibility
Real-time financial data
Manual data entry only
No reporting capabilities
#17
What role does GFEBS play in asset management?
It tracks employee attendance
It manages inventory levels
It monitors equipment depreciation
It oversees marketing campaigns
#18
Which of the following best describes the integration capability of GFEBS?
It cannot integrate with other systems
It has limited integration capabilities
It can seamlessly integrate with other systems
It requires manual data transfer for integration