CLG 0010 DOD GOV. COM. PUR. CARD OVERVIEW EXAM Q&A

whose responsibility is it to comply with Government agency standards of conduct? (select the three that apply) - Correct answer-1. approving/billing officer 2. supervisor 3. agency/organization program coordinator If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must - Correct answer-Coordinate with a transportation service support office before initiating the transaction What are the three examples of misuse of the Government Commercial Purchase Card? - Correct answer-1. Purchasing office supplies for home use 2. failing to certify "purchase card certification statements" on time 3. violating a specific-use policy Which of the following is an appropriate circumstance for using a convenience check? - Correct answer-A purchase exceeds the micro purchase threshold. Which three of the following describe the Governmentwide Commercial Purchase Card? - Correct answer-a. Similar in nature to a commercial credit cardb. Reduced invoicing costsc. Used to make mission-essential purchases Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? - Correct answer-The Semi-Annual Head of Activity Reviews In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true? - Correct answer-all of these DOD policy allows for GCP Card billing statement certification prior to certification that all items submitted for payment have been received in order to (select all three that apply) - Correct answer-? 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. - Correct answer-false In order to use the GPC for simplified accusations up to $25,000 outside the United States and its jurisdictions, the card holder, merchant, and supply/delivery acquisition must be outside the United States and its jurisdictions - Correct answer-true Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? - Correct answerapproving/billing official?? A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? - Correct answer-30 What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions - Correct answer-Insight on Demand (IOD) Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier - Correct answer-false Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - Correct answer-Increased scrutiny How many Cardholder accounts may be rolled up under a Managing Account? - Correct answer-seven What are three authorized uses of the Governmentwide Commercial Purchase Card? - Correct answer-a. Open-market micro-purchases. Contract payments. Ordering Officer purchases and payments Which there of the following statements are true? - Correct answer-? Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? - Correct answer-Certifying Officer? The law requires the DOD to recover costs from GCP card officials who have used the governmentwide commercial purchase card for illegal, improper, or erroneous purchases. - Correct answer-True? Which three of the following constitute cardholder fraud? - Correct answer-a. A Cardholder's unauthorized purchase of power tools for personal useb. Paying for repairs of privately owned equipmentc. Purchasing items or extra quantity of items for resale or to give away to relatives Which of the following is an agreement that is not binding solely because the Government representative who made it lacked the authority to enter into that agreement on behalf of the government? - Correct answer-Unauthorized commitment