CLG 0010 FlashcardDoD Governmentwide Commercial Purchase Cardfull solution pack Exam with correct Answers
DoD Governmentwide Commercial Purchase Card Flashcard Solution CLG 0010 | Practice-Ready Answer Guide Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? - answer - Abuse Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? - answer - Quicker Payments Increased Funding Increased Information Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? - answer - Certifying Officer What are two advantages of the Procurement Integrated Enterprise Environment? - answer - ??? Improves Data Quality and Access Reduces DoD Operating Costs When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase - answer - Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - answer - False Authorized uses of the Governmentwide Commercial Purchase Card include: - answer - Ordering Officer purchases and payments Commercial training requirements using the SF-182 Existing Government contracts Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? - answer - a. Interest penaltiesb. Automatic suspension of accountsc. Disruption to Government purchases what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? - answer - ??? Determine when and where the card/checks were last used. Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the Governmentwide Commercial Purchase Card to make Simplified acquisitions up to $25,000 outside the United States and its jurisdictions - answer - True Suspected ethics violations should be reported to: - answer - The Supervisor DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to - answer - Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews - answer - Semi-Annual Head of Activity Reviews The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Several personnel in your office have been needing new laptops, so this is a good time to take advantage of the increase and purchase 20 laptops at $500 each, for the price of $10,000. - answer - False who is responsible for making regular reviews of existing cardholders and their monthly spending limit - answer - supervisors in step 12 of the governmentwide commercial purchase card program process, what are three - answer - Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment Purchase of accountable property Purchases valued at more than $2,000 Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. These procedures will address requirements related to which three of the following? - answer - Small business competition public notification Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. - answer - True which three of the following are cardholder considerations before purchase? - answer - ??? Obtain approval Ensure Determine What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's agents by charge card program officials? - answer - Internal Fraud 10 United States Code 2784 requires specific corrective act
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