This is a part, segment, unit or function of a government agency, headed by

a manager, who is accountable for a specified set of activities

A. Cost Center
B. Profit Center
C. Responsibility Center
D. Segment Accounting

This is the agency responsible for the consistency of account classification

and coding standards with the Government Finance Statistics. 
A. Commission on Audit
B. Department of Budget and Management
C. Department of Finance- Bureau of Treasury
D. Bureau of Internal Revenue

The following are objectives of government accounting EXCEPT _. 

a. Production of information concerning past operations and present condition.
b. Adopt a system that is in conformity with International Accounting Standards.
c. Report on the financial position and the result of operations of government agencies
for the information and guidance of all persons concerned.
d. Provide control of the acts of public bodies and offices in the receipt, disposition and
utilization of funds and property.

May honoraria be granted on the basis of successfully completed direct

contracting procurement projects?
A. Yes. Honoraria may be granted on the basis of successfully completed direct
contracting procurement projects because the phrase “successfully complete
procurement projects” refer to all procurement projects awarded through competitive
bidding and all the alternative methods.
B. No. The phrase “successfully complete procurement projects” refer only to projects
award through competitive bidding, limited source bidding or negotiated procurement
under two-failed biddings.
C. No. Honoraria may not be granted on the basis of successfully completed
procurement projects awarded through all the alternative methods of procurement.
D. Yes. Honoraria may be granted on the basis of successfully completed
procurement projects awarded through competitive bidding and direct contracting
procurement method.