GLG 0010 Governmentwide Commercial Purchase Card Overview Exam questions and answers latest top score.

GLG 0010 Governmentwide Commercial Purchase Card Overview Exam questions and answers latest top score. What are three examples of abuse of the Governmentwide Commercial Purchase Card? - correct answers.-Splitting requirements to avoid card thresholds -Violating a specific-use policy -Exceeding the applicable micro-purchase threshold wrong Which three of the following constitute Cardholder fraud? - correct answers.-A Cardholder's unauthorized purchase of power tools for personal use -Purchasing items or extra quantity of items for resale or to give away to relatives -Paying for repairs of privately owned equipment Which three of the following describe the Governmentwide Commercial Purchase Card? - correct answers.-Reduced invoicing costs -Similar in nature to a commercial credit card -Used to make mission-essential purchases What are two advantages of the Procurement Integrated Enterprise Environment? - correct answers.-Reduces DoD operating costs -Improves data quality and access What is the first step to follow when a Cardholder becomes aware of a lost or stolen card or check? - correct answers.Determine when and where the card/checks were last used wrong 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. - correct answers.True Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? - correct answers.Approving/Billing Official wrong Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? - correct answers.-Overseas purchases up to $25,000 -Payment against an existing contract -Open-market micro-purchases Frustrated freight may never reach the intended recipient. - correct answers.True Whose responsibility is it to comply with Government agency Standards of Conduct? (Select the three that apply) - correct answers.-Approving/Billing Officer -Supervisor -Agency/Organization Program Coordinator Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases? - correct answers.-At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures -At or below the mirco-purchase threshold from any vendor -Above or below the micro-purchase threshold against contract vehicles issued for the Component by a Contracting Officer that contain a provision authorizing order and payment by the Governmentwide Commercial Purchase Card wrong At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? - correct answers.Automatically suspended An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. - correct answers.False Which two statements about Managing Accounts are true? - correct answers.-Are used to roll up Cardholder accounts -Require a Primary Approving/Billing Official Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. - correct answers.True Which two of the following must be included in supporting documentation for all Governmentwide Commercial Purchase Card transactions? - correct answers.-Receipt -Invoice Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? - correct answers.Semi-Annual Head of Activity Reviews wrong How long does Foreign Military Sales documentation have to be retained following case closure? - correct answers.10 years