Ace the 2025 CGFM Exam – Turbocharge Your Path to Financial Mastery!

Question: 1 / 875

What is the foundation of government accountability?

The belief that the government is self-governing

Transparency and public reporting

The foundation of government accountability is rooted in transparency and public reporting, which are essential for fostering trust and ensuring that government actions are scrutinizable by the public. When a government operates transparently, it allows citizens to be informed about decisions, spending, and overall performance. This transparency enables stakeholders to hold government officials accountable for their actions and the effectiveness of public services.

Public reporting includes publishing budgets, financial statements, and performance metrics, which are crucial for citizens to assess how well their government is meeting its obligations and delivering services. This also encourages civic engagement, where citizens become more involved in governance, fostering a responsive and responsible government.

In contrast, other options do not serve as strong foundations for accountability. The idea that the government is self-governing does not necessarily imply accountability to the public. Providing services, while important, does not guarantee that those services are delivered effectively or that the government is held accountable for them. Lastly, profit generation for public goods does not align with the fundamental principles of government accountability, as public service inherently focuses on the welfare of citizens rather than profit motives.

Get further explanation with Examzify DeepDiveBeta

The provision of services to citizens

Profit generation for public goods

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy