QUESTION SET WITH VERIFIED SOLUTIONS
⫸ Executive orders 12674 and 12731 for the foundational policy on
ethical conduct a federal employees. All of the following are violations
of these executive orders except: Answer: Making authorized
commitments
⫸ Which of the following to find WASTE with regard to the
Government Travel Card Abuse Prevention Act? Answer: It is defined
as "to use or expend carelessly, extravagantly, or for no beneficial
purpose"
⫸ The term FRAUD includes unauthorized actions by both card holders
in merchant's. Answer: True
⫸ Which of the following is the term for shipment of supplies or
equipment that is delayed on the transportation chain will not move in to
our problems are resolved? Answer: Frustrated Freight
⫸ Penalties prescribed for employee misuse of purchase cards or
convenience check include dismissal of the employee. Answer: False
⫸ A best practice calls for the card holder to reconcile transactions in
the statement of account within how many days of the billing cycle end
date? Answer: 15
, ⫸ Which of the following is NOT an advantage of using the GPC?
Answer: Increased Funding.
⫸ Which of the following is not a cardholder responsibility in the GPC
program? Answer: Terminate the GPC account.
⫸ The secretary defense authorize an increase in the micro purchase
threshold to $20,000 to support declared contingency operations in
Afghanistan. Several personnel in your office have been needing new
laptops, so this is a good time to take advantage of the increase and
purchase 20 laptops at $500 each, for the price of $10,000. Answer:
False
⫸ How long does foreign military sales documentation have to be
retained following case closure? Answer: 10 years
⫸ Which of the following is an agreement that is not binding solely
because the government representative who made it lacked the authority
to enter into that agreement on behalf of the government? Answer: All
of these
⫸ Which of the following must be included in supporting
documentation for all GPC transactions? Answer: All of these
⫸ If transactions not made by the cardholder appear on the statement of
account, the card holder she disputing with the card issuing bank within
how many days a transaction date? Answer: 30 days