CLG 0010 Exam With Accurate Question & Answer (100% Correct) 2024/2025

CLG 0010 Exam With Accurate Question & Answer (100% Correct) 2024/2025 Agency/Organization Program Coordinator (A/OPC) - CORRECT ANSWER -Manages and oversees CH and Managing Accounts Approving/Billing Official (A/BO) - CORRECT ANSWER -Reviews and approves GPC Managing Account Invoices and transaction supporting data for compliance Certifying Officer - CORRECT ANSWER -Reviews Managing Account invoices in accordance with DoD Financial Management Regulation (DoD FMR) requirements Resource Manager (RM) - CORRECT ANSWER -Provides appropriate GPC account funding Cardholder (CH) - CORRECT ANSWER -Is issued a GPC cardholder account Which characteristic describes the GPC business model? - CORRECT 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.) - CORRECT ANSWER -Expedited payment to merchant; Increased likelihood of the merchant doing business with the Government; Reducing invoicing costs Authorized DoD GPC Uses: - CORRECT 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 - CORRECT ANSWER -Use of the GPC to streamline micro -purchases and payment for mission -essential supplies and services Ordering Officer purchases and payments - CORRECT ANSWER -Use of the GPC against existing Government contracts Contract payments - CORRECT ANSWER -Use of the GPC above the micro -purchase threshold as a payment vehicle against existing Government contracts SF-182 training payments - CORRECT ANSWER -Mandated method for payment for requirements using SF-182 up to $25,000 Overseas purchases up to $25,000 - CORRECT 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: - CORRECT 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 t he GPC transaction for processing; A/BO reviews transactions and supporting documentation and signs the approval statement Cardholder (CH) Responsibility - CORRECT ANSWER -Ensure transactions are made with responsible merchants in accordance with Component instructions Certifying Officer Responsibility - CORRECT ANSWER -Promptly certify that GPC Managing Account (MA) Billing Statements are legal and proper for payment Resource Manager (RM) Responsibility - CORRECT ANSWER -Coordinate with the Agency/Organization Program Coordinator (A/OPC) to review and adjust spending limits Supervisor Responsibility - CORRECT ANSWER -Take appropriate personnel action(s) against individuals committing GPC misuse, abuse, or fraud An Approving/Billing Official (A/BO) is authorized to be a Cardholder (CH) under the same Managing Account (MA) for which they are an A/BO. - CORRECT ANSWER -False