97% Passed CLGOO1O DoD Government wide Commercial Purchase Card Overview questions with correct answers

1. Failure to certify a Managing Account Billing Statement in a timely manner results in what three things? - answer Disruption to Government Purchases Interest penalties Automatic suspension of accounts 2. The Governmentwide Commercial Purchase Card __ used as the method of payment for commercial training requests using the SF-182 valued at or below $25000 in lieu of an employee reimbursement by miscellaneous payment. - answer must be 3. What is the first step to follow when a Card holder becomes aware of a lost or stolen card or check? - answer Notify all affected parties. 4. Which two statements about Managing Accounts are true? - answer Require a Primary Approving/Billing Official Are used to roll up Cardholder accounts 5. Which of the Governmentwide Commercial Purchase card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? - answer Daily Data Mining Case Reviews 6. 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 7. 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 Card holder 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