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GFMC real exams

Exam Code: GFMC

Exam Name: Examination 3: Governmental Financial Management and Control (GFMC)

Version: V13.25

Q & A: 72 Questions and Answers

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NEW QUESTION: 1
Litware plans to purchase Software Assurance. Which benefit of Software Assurance best fulfills the company's needs?
A. Home Use Program
B. Enterprise Source Licensing Program
C. Extended Lifecycle Hotfix Support
D. SharePoint Deployment Planning Services
Answer: D

NEW QUESTION: 2
An administrator decides to implement logical switching to establish connectivity between virtual machines that reside on the same host.
Which layer is used by logical switching to provide this connectivity?
A. Layer 3
B. Layer 4
C. Layer 2
D. Layer 5
Answer: C

NEW QUESTION: 3
When you post an amount to an asset in the LVA class that is above the threshold for the maximum
value, how does the system respond?
A. The system posts the value up to the LVA threshold and posts the rest to the generated asset
subnumber.
B. You receive a warning message; the asset is posted, but the depreciation key is adjusted to normal
depreciation.
C. The system produces an error message; for you to post, you must split the asset or post to another
asset class.
D. The system adjusts the asset quantity to the value that keeps the asset below the maximum
threshold.
Answer: C
Explanation:
When you try to post above the maximum value for an asset created in the LVA class, the system
produces an error. You can only post up to the maximum amount for assets in this class. In this case, you
would check if you can split the posting or more likely create the asset in a "normal" asset class. The
other options have one thing in common: the system is making a lot of decisions and automations. As a
rule, the default system keeps things simple. Too much automation runs into problems when dealing
with processes and transactions that might be done very differently depending on the company.

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