Certified Government Financial Manager (CGFM) Practice Exam

In a democratic government system, the ultimate power resides with the public. This is rooted in the fundamental principle that in a democracy, governance is conducted with the consent of the governed. The role of government officials, special interest groups, and corporate entities is to serve the interests and welfare of the public.

Accountability is a key aspect of democracy, emphasizing that elected officials and public servants must answer to the citizens for their decisions and actions. The public has the authority to influence policies, hold officials accountable through voting, advocacy, and civic engagement, and demand transparency in governance. This relationship underscores the idea that the governed are the source of all political authority, thereby reinforcing the notion that the power ultimately lies with the people.