GLG 0010 Governmentwide Commercial
|\ |\ |\ |\
Purchase Card Overview Exam |\ |\ |\ |\
QUESTIONS AND ANSWERS |\ |\
What are three examples of abuse of the
|\ |\ |\ |\ |\ |\ |\ |\
Governmentwide Commercial Purchase Card? - CORRECT |\ |\ |\ |\ |\ |\
ANSWERS ✔✔-Splitting requirements to avoid card
|\ |\ |\ |\ |\ |\
thresholds
-Violating a specific-use policy |\ |\ |\
-Exceeding the applicable micro-purchase threshold
|\ |\ |\ |\
wrong
Which three of the following constitute Cardholder fraud?
|\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔-A Cardholder's unauthorized
|\ |\ |\ |\ |\ |\ |\
purchase of power tools for personal use
|\ |\ |\ |\ |\ |\
-Purchasing items or extra quantity of items for resale or|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
to give away to relatives
|\ |\ |\ |\
-Paying for repairs of privately owned equipment
|\ |\ |\ |\ |\ |\
Which three of the following describe the
|\ |\ |\ |\ |\ |\ |\
Governmentwide Commercial Purchase Card? - CORRECT |\ |\ |\ |\ |\ |\
ANSWERS ✔✔-Reduced invoicing costs |\ |\ |\
-Similar in nature to a commercial credit card
|\ |\ |\ |\ |\ |\ |\
, -Used to make mission-essential purchases
|\ |\ |\ |\
What are two advantages of the Procurement Integrated
|\ |\ |\ |\ |\ |\ |\ |\
Enterprise Environment? - CORRECT ANSWERS ✔✔- |\ |\ |\ |\ |\
Reduces DoD operating costs |\ |\ |\
-Improves data quality and access |\ |\ |\ |\
What is the first step to follow when a Cardholder
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
becomes aware of a lost or stolen card or check? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Determine when and where the
|\ |\ |\ |\ |\ |\ |\
card/checks were last used |\ |\ |\
wrong
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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔True
Who is the individual responsible for ensuring the
|\ |\ |\ |\ |\ |\ |\ |\
existence, accuracy, and legality of information on a
|\ |\ |\ |\ |\ |\ |\ |\
Managing Account Billing Statement? - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔Approving/Billing Official |\ |\ |\
wrong
|\ |\ |\ |\
Purchase Card Overview Exam |\ |\ |\ |\
QUESTIONS AND ANSWERS |\ |\
What are three examples of abuse of the
|\ |\ |\ |\ |\ |\ |\ |\
Governmentwide Commercial Purchase Card? - CORRECT |\ |\ |\ |\ |\ |\
ANSWERS ✔✔-Splitting requirements to avoid card
|\ |\ |\ |\ |\ |\
thresholds
-Violating a specific-use policy |\ |\ |\
-Exceeding the applicable micro-purchase threshold
|\ |\ |\ |\
wrong
Which three of the following constitute Cardholder fraud?
|\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔-A Cardholder's unauthorized
|\ |\ |\ |\ |\ |\ |\
purchase of power tools for personal use
|\ |\ |\ |\ |\ |\
-Purchasing items or extra quantity of items for resale or|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
to give away to relatives
|\ |\ |\ |\
-Paying for repairs of privately owned equipment
|\ |\ |\ |\ |\ |\
Which three of the following describe the
|\ |\ |\ |\ |\ |\ |\
Governmentwide Commercial Purchase Card? - CORRECT |\ |\ |\ |\ |\ |\
ANSWERS ✔✔-Reduced invoicing costs |\ |\ |\
-Similar in nature to a commercial credit card
|\ |\ |\ |\ |\ |\ |\
, -Used to make mission-essential purchases
|\ |\ |\ |\
What are two advantages of the Procurement Integrated
|\ |\ |\ |\ |\ |\ |\ |\
Enterprise Environment? - CORRECT ANSWERS ✔✔- |\ |\ |\ |\ |\
Reduces DoD operating costs |\ |\ |\
-Improves data quality and access |\ |\ |\ |\
What is the first step to follow when a Cardholder
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
becomes aware of a lost or stolen card or check? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Determine when and where the
|\ |\ |\ |\ |\ |\ |\
card/checks were last used |\ |\ |\
wrong
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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔True
Who is the individual responsible for ensuring the
|\ |\ |\ |\ |\ |\ |\ |\
existence, accuracy, and legality of information on a
|\ |\ |\ |\ |\ |\ |\ |\
Managing Account Billing Statement? - CORRECT
|\ |\ |\ |\ |\ |\
ANSWERS ✔✔Approving/Billing Official |\ |\ |\
wrong
