CLG EXAM QUESTIONS WITH COMPLETE SOLUTIONS

CLG EXAM QUESTIONS WITH COMPLETE SOLUTIONS Agency/Organization Program Coordinator (A/OPC) - ANSWER- Manages and oversees CH and Managing Accounts Approving/Billing Official (A/BO) - ANSWER- Reviews and approves GPC Managing Account Invoices and transaction supporting data for compliance Certifying Officer - ANSWER- Reviews Managing Account invoices in accordance with DoD Financial Management Regulation (DoD FMR) requirements Resource Manager (RM) - ANSWER- Provides appropriate GPC account funding Cardholder (CH) - ANSWER- Is issued a GPC cardholder account Which characteristic describes the GPC business model? - ANSWER- Similar to a commercial credit card What are the advantages to using a GPC instead of other forms of payment? (Select the three that apply.) - ANSWER- Expedited payment to merchant; Increased likelihood of the merchant doing business with the Government; Reducing invoicing costs Authorized DoD GPC Uses: - ANSWER- Contract payments; Open-market micro purchases; Payments for training requirements on approved Standard Form (SF) 182; Ordering Officer purchases; Overseas purchases up to $25,000 Open-market micro-purchases - ANSWER- Use of the GPC to streamline micropurchases and payment for mission-essential supplies and services Ordering Officer Purchases and payments - ANSWER- Use of the GPC against existing Government contracts Contract payments - ANSWER- Use of the GPC above the micro-purchase threshold as a payment vehicle against existing Government contracts SF-182 training payments - ANSWER- Mandated method for payment for requirements using SF-182 up to $25,000 Overseas purchases up to $25,000 - ANSWER- Used outside the U.S. for purchases exceeding the micro-purchase threshold but not exceeding $25,000 Sort the GPC Program Process steps in chronological order: - ANSWER- Identify the requirement and ensure it fulfills a mission-essential need; Determine whether the specific funding type is available; Document the purchase file; Merchant transmits the GPC transaction for processing; A/BO reviews transactions and supporting documentation and signs the approval statement Cardholder (CH) Responsibility - ANSWER- Ensure transactions are made with responsible merchants in accordance with Component instructions Certifying Officer Responsibility - ANSWER- Promptly certify that GPC Managing Account (MA) Billing Statements are legal and proper for payment Resource Manager (RM) Responsibility - ANSWER- Coordinate with the Agency/Organization Program Coordinator (A/OPC) to review and adjust spending limits Supervisor Responsibility - ANSWER- Take appropriate personnel action(s) against individuals committing GP