Certified Government Financial Manager (CGFM) Practice Exam

The correct answer focuses on the process where management assesses and analyzes the performance of staff within an organization. This activity is essential for ensuring that employees meet the organization’s objectives and standards. By conducting a management review of performance, leaders can identify areas of strength and opportunities for improvement. This evaluation often includes reviewing performance metrics, employee contributions, and aligning individual and team goals with the overall objectives of the organization.

Management reviews can also lead to actionable insights that inform personnel decisions, personnel development, and strategic planning. This type of control activity is critical for fostering a culture of accountability and continuous improvement, as it encourages staff to perform at their best and align their activities with the organization's mission.

Other options, while important in their own contexts, do not directly relate to the evaluation of staff performance. Physical controls deal primarily with safeguarding assets and ensuring compliance through tangible measures. Data access security involves protecting information by regulating who can access data and under what circumstances. Reporting functions are intended for capturing and presenting data but do not inherently involve the assessment of individual staff performance.