CARD EXAM WITH 70 PREP QUESTIONS & ANSWERS
10 United States Code 2784 requires specific corrective actions for
Governmentwide Commercial Purchase Card Program violations -
correct answer- True
A Best practice calls for the cardholder to reconcile transactions in the
statement of account within how many days of the billing cycle end
date? - correct answer- 3
According to 10 united states code 2784, which two of the following
could result from a governmentwide commercial purchase card program
violation? - correct answer- Recovery of costs from governmentwide
commercial Purchase Card officials
Increased data surveillance
An Unauthorized commitment is an agreement that is not binding solely
because the agreement involved a purchase amount above the micro-
purchase threshold. - correct answer- False
At 90 days past due, what happens to all cardholder accounts associated
with a managing account - correct answer- Automatically Suspended
,Because they are a potential indicator of misuse, abuse, or fraud,
delinquent accounts are subject to what? - correct answer- Increased
Scrutiny
Cardholders may be granted authority to use their Governmentwide
Commercial Purchase Card accounts to make payments against
contracts. - correct answer- True
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 answer- True
Cardholders who hold an Ordering Officer delegation must follow
Component procedures for order placement. These procedures will
address requirements related to which three of the following? - correct
answer- Small Business
Vendor change card scanning capabilities
Competition-Correct
Public Notification-Correct
I dont know, Answers are wrong
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 answer- At or below the micro-purchase Threshold from any
vendor-Correct
At or below the micro-purchase threshold against federal supply
schedule contracts, fedmall, or other ordering systems that are
authorized in component procedures.-Blank
Above or below the micro-purchase threshold against contract vehicles
issued for the component by contracting officer that contain a provision
authorizing order and payment by the governmentwide commercial
purchase card. ///- This one is correct/
Using simplified acquisition procedures above or below the micro-
purchase threshold against federal supply contract vehicles
////
DoD policy allows for governmentwide commercial purchase card billing
statement certification prior to verification that all items submitted for
payment have been received in order to - correct answer- Avoid
Prompt payment interests
Decrease penalties for faulty disputes
avoid pecuniary liability
DoD policy allows for governmentwide commercial purchase card billing
statement certification prior to verification that all items submitted for
payment have been received in order to (Select the three that apply) -
correct answer- Avoid Pecuniary Liability-Correct
Decrease penalties for faulty disputes
avoid prompt payment interest