Commercial Card Exam(Q & A) 100% Correct
Quiz:>Which Of the Governmentwide Commercial Purchase Card Program's Mandatory
oversight procedures involves validating that all data mining cases are closed and
assessing the key purchasing and management internal controls?
{{{Answer}}}
(Daily Data Mining Case Reviews //////
Semi-annual head of activity reviews////
Procurement Management Reviews///////)
Quiz:> How Long does Foreign Military Sales Documentation have to be retained
following a case closure
{{{Answer}}}
(6 Years and 3 Months ////////
8Years////
6 Years//////
10 Years)
Quiz:> An Unauthorized commitment is an agreement that is not binding solely because
the agreement involved a purchase amount above the micro-purchase threshold.
{{{Answer}}} (False)
Quiz:> Which two of the following must be included in supporting documentation for all
governmentwide Commercial Purchase card Transactions?
{{{Answer}}}
(Receipt Invoice)
Quiz:> Which three of the following are cardholder considerations before purchase?
{{{Answer}}} (Obtain Approval from the Agency/Organization Program Coordinator
Ensure adequate and appropriate funds are available-Correct
Determine if any special requirements or approvals are required.-Correct
Check for availability from required sources-Correct
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Quiz:> What is defined as any felonious act of corruption or attempt to cheat the
government or corrupts the government's agents by charge card program officials.
{{{Answer}}} (Internal Fraud)
Quiz:> Splitting what would have been an 11'000 purchase into two transactions, each
of which falls under the micro-purchase threshold, is:
{{{Answer}}} (Strictly Prohibited)
, Quiz:> Which of the following is the term for a shipment of supplies or equipment that is
delayed along the transportation chain and will not move until all problems are
resolved?
{{{Answer}}} (Frustrated Freight)
Quiz:> Whose Responsibility is it to comply with government agency standards of
conduct? (Select the three that apply)
{{{Answer}}} (Supervisor
Approving/Billing officer
Agency/Organization Program Coordinator)
Quiz:> The Governmentwide commercial Purchase card ______ used as the method of
payment for commercial training requests using the SF-182, Valued at or below 25,000,
in lieu of an employee reimbursement by miscellaneous payment.
{{{Answer}}} (Must be)
Quiz:> According to 10 united states code 2784, which two of the following could result
from a governmentwide commercial purchase card program violation?
{{{Answer}}} (Recovery of costs from governmentwide commercial Purchase Card
officials
Increased data surveillance)
Quiz:> Because they are a potential indicator of misuse, abuse, or fraud, delinquent
accounts are subject to what?
{{{Answer}}} (Increased Scrutiny)
Quiz:> In step 10 of the governmentwide commercial purchase card program, what are
three pieces of information that should be included in the cardholder purchase log
{{{Answer}}} (Name of the requestor
Total Dollar Value of the transaction
Date on which the item/service was ordered)
Quiz:> How many cardholder accounts may be rolled up under a managing account?
{{{Answer}}} (Nine /////
Five/////)
Quiz:> Which three of the following are advantages of using the Governmentwide
commercial purchase card?
{{{Answer}}} (Increased information
Quicker Payment
Increased Funding
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Quiz:> What are three authorized uses of the Governmentwide Commercial Purchase
Card?