CLG 0010 FLASHCARD PRACTICE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS | ALREADY GRADED A+<RECENT VERSION>

CLG 0010 FLASHCARD PRACTICE EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS | ALREADY GRADED A+&lt;RECENT VERSION&gt; 1. Agency/Organization Program Coordinator (A/OPC) - ANSWER Manages and oversees CH and Managing Accounts 2. Approving/Billing Official (A/BO) - ANSWER Reviews and approves GPC Managing Account Invoices and transaction supporting data for compliance 3. Certifying Officer - ANSWER Reviews Managing Account invoices in accordance with DoD Financial Management Regulation (DoD FMR) requirements 4. Resource Manager (RM) - ANSWER Provides appropriate GPC account funding 5. Cardholder (CH) - ANSWER Is issued a GPC cardholder account 6. Which characteristic describes the GPC business model? - ANSWER Similar to a commercial credit card 7. 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 8. 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 9. Open-market micro-purchases - ANSWER Use of the GPC to streamline micro-purchases and payment for mission-essential supplies and services 10. Ordering Officer purchases and payments - ANSWER Use of the GPC against existing Government contracts 11. Contract payments - ANSWER Use of the GPC above the micro-purchase threshold as a payment vehicle against existing Government contracts 12. SF-182 training payments - ANSWER Mandated method for payment for requirements using SF-182 up to $25,000 13. Overseas purchases up to $25,000 - ANSWER Used outside the U.S. for purchases exceeding the micro-purchase threshold but not exceeding $25,000 14. 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 15. Cardholder (CH) Responsibility - ANSWER Ensure transactions are made with responsible merchants in accordance with Component instructions 16. Certifying Officer Responsibility - ANSWER Promptly certify that GPC Managing Account (MA) Billing Statements are legal and proper for payment 17. Resource Manager (RM) Responsibility - ANSWER Coordinate with the Agency/Organization Program Coordinator (A/OPC) to review and adjust spending limits 18. Supervisor Responsibility - ANSWER Take appropriate personnel action(s) against individuals committing GPC misuse, abuse, or fraud 19. 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. - ANSWER False 20. Which three of the following statements about convenience checks are true? - ANSWER The Cardholder can request that the bank "stop payment" on a check; Funds must be available to cover the check value and the bank's processing fee; The Cardholder can dispute a convenience check after payment has been made 21. 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 - ANSWER True 22. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - ANSWER Increased scrutiny 23. A cardholder reports their card as stolen. If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? - ANSWER 90 24. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $35,000 to support declared contingency operations in Afghanistan. You are presently deployed to Afghanistan and several personnel in your Afghanistan office have been needing new laptops, so you can purchase 35 laptops at $1,000 each, for a total price of $35,000. - ANSWER False 25. Which one of the following is an example of abuse of the Governmentwide Commercial Purchase Card? - ANSWER Failing to purchase from mandatory sources 26. If commercial shipping is not used for a Governmentwide Commercial Purchase Card purchase to be shipped overseas, the Cardholder must: - ANSWER None of these responses is correct 27. If required office paper is available from a mandatory source of supply (such as the Committee for Purchase from People Who Are Blind or Severely Disabled), the Cardholder must purchase the paper from the mandatory source, even if similar paper is available at a lower price from a non-mandatory source. - ANSWER True 28. Which one of the following is an advantage of the Procurement Integrated Enterprise Environment? - ANSWER Reduces DoD operating costs 29. How many Cardholder accounts may be rolled up under a Managing Account? - ANSWER Seven 30. The law requires the DoD to recover costs from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. - ANSWER True 31. Which Governmentwide Commercial Purchase Card Program mandatory oversight procedure includes a consolidation of the previous six Monthly Agency/Organization Program Coordinator (A/OPC) Reviews? - ANSWER Semi-Annual Head of Activity Reviews 32. who is responsible for verifying proof of delivery for all government wide commercial purchase card transactions during the monthly transaction review? - ANSWER approving/billing official 33. what is the cardholder statement of account? - ANSWER A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. 34. which three of the following describe the governmentwide commercial purchase card? - ANSWER 1. used to make mission-essential purchases 2. similar in nature to a commercial credit card 3. reduced invoicing costs 35. cardholders may be granted authority to use their governmentwide commercial purchase card accounts to make payments against contracts - ANSWER true 36. which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations"? - ANSWER abuse 37. what is the artificial intelligence data mining platform that automatically analyzes the dod's governmentwide commercial purchase card data to identify high-risk transactions? - ANSWER insight on demand (iod) 38. which three of the following statements about convenience checks are true? - ANSWER the cardholder can dispute a convince check after payment has been made, convince checks must be secured in a locked container, funds must be available to cover the check value and the bank's processing fee 39. 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? - ANSWER competition, public notification, small business 40. splitting what would have been an $11000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: - ANSWER appropriate as long as the proper approvals have been obtained 41. 10 united states code 2784 requires specific corrective actions for governmentwide commercial purchase card program violations. - ANSWER false 42. which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? - ANSWER reconcile the monthly statement of account 43. authorized uses of the governmentwide commercial purchase card include (select three): - ANSWER existing government contracts, ordering officer purchases and payments, commercial training requirements using sf-182 44. which of the government commercial purchase card program's mandatory oversight procedures involves validating that al data mining cases are closed and assessing the key purchasing and management internal controls? - ANSWER daily data mining case reviews 45. executive order 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. what are three violations of these executive orders? - ANSWER using public office for private gain, giving preferential treatment to any person or organization, defrauding the government