CLG 0010 DoD Governmentwide Commercial Card Exam Q&A 2023

Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and management internal controls? - Correct answerDaily Data Mining Case Reviews ////// Semi-annual head of activity reviews//// Procurement Management Reviews/////// How Long does Foreign Military Sales Documentation have to be retained following a case closure - Correct answer-6 Years and 3 Months //////// 8Years//// 6 Years////// 10 Years 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 Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? - Correct answer-Receipt Invoice Which three of the following are cardholder considerations before purchase? - Correct answer-Obtain Approval from the Agency/Organization Program Coordinator Ensure adequate and appropriate funds are available-Correct Determine if any special requirements or approvals are required.-Correct Check for availability from required sources-Correct /////////// What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. - Correct answerInternal Fraud Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: - Correct answer-Strictly Prohibited Which of the following is the term for a shipment of supplies or equipment that is delayed along the transportation chain and will not move until all problems are resolved? - Correct answer-Frustrated Freight Whose Responsibility is it to comply with government agency standards of conduct? (Select the three that apply) - Correct answer-Supervisor Approving/Billing officer Agency/Organization Program Coordinator The Governmentwide commercial Purchase card ______ used as the method of payment for commercial training requests using the SF-182, Valued at or below 25,000, in lieu of an employee reimbursement by miscellaneous payment. - Correct answerMust be According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? - Correct answerRecovery of costs from governmentwide commercial Purchase Card officials Increased data surveillance Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - Correct answer-Increased Scrutiny In step 10 of the governmentwide commercial purchase card program, what are three pieces of information that should be included in the cardholder purchase log - Correct answer-Name of the requestor Total Dollar Value of the transaction Date on which the item/service was ordered How many cardholder accounts may be rolled up under a managing account? - Correct answer-Nine ///// Five///// Which three of the following are advantages of using the Governmentwide commercial purchase card? - Correct answer-Increased information Quicker Payment Increased Funding ///////////// What are three authorized uses of the Governmentwide Commercial Purchase Card? - Correct answer-Open-Market Micro-Purchases Ordering officer purchases and payments Contract payment Commercial Training requirements using the SF-182-New 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 //// What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions - Correct answer-Insight on Demand (IOD) What are three examples of abuse of the Governmentwide Commercial Purchase Card? - Correct answer-Violating a specific-use Policy Exceeding the applicable micro-purchase Threshold Splitting requirements to avid card thresholds 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? - Correct answer-90 Days 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 Which three of the following statements about convenience checks are true - Correct answer-Convenience checks must be secured in a locked container the Cardholder can dispute a convenience check after payment has been made Funds must be available to cover the check value and the banks processing fee ////////// Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? - Correct answer-Reconcile the monthly statement of account Who's Responsibility is it to comply with government agency standards of conduct - Correct answer-Approving/billing Officer Agency/organization program coordinator Supervisor If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must - Correct answerEnsure approximate shipping information ans been provided /////// In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? - Correct answer-Dame of the requestor Total Dollar value of the transaction Date on which the item/service was ordered 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. - Correct answer-True Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations" - Correct answer-Abuse 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? - Correct answer-Unauthorized Commitment Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? - Correct answer-Complete appropriate Training Ensure transactions are made with responsible merchants Reconcile the monthly statement of account what are two advantages of the procurement integrated enterprise environment? - Correct answer-Reduces DoD Operating costs Improves data quality and access Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? - Correct answer-Supervisors Which of the following describe the Governmentwide commercial purchase card? - Correct answer-Reduced invoicing costs Similar in nature to a commercial credit card used to make mission-essential purchases Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - Correct answer-False Which three of the following statements are true? - Correct answer-Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments No Ordering officer may be appointed until they have received training commensurate with their delegated authority Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. Which of the following are you authorized to accept? - Correct answer-Credit to your cardholder account 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 LiabilityCorrect Decrease penalties for faulty disputes avoid prompt payment interest Allow for maximum refunds- New ///// Frustrated freight may never reach the intended recipient - Correct answer-True Which of the following is an appropriate circumstance for using a convenience check? - Correct answer-A merchant does not accept payment by credit card The secretary of defense authorizes and increases 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 a total price of $10,000 - Correct answer-False 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 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations - Correct answer-True Which three of the following constitute cardholder fraud - Correct answer-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 in step 12 of the governmentwide commercial purchase card program process, what are three Situations in which the acceptor must ensure written independent receipt and acceptance - Correct answer-Purchase of accountable property Transactions where the governmentwide commercial purchase card is used as a method of payment Self Generated Cardholder Purchases-Correct