GLG 0010 Governmentwide Commercial Purchase Card Overview Exam | 50 Questions with 100% Correct Answers | Latest Update | Verified

GLG 0010 Governmentwide Commercial Purchase Card Overview Exam | 50 Questions with 100% Correct Answers | Latest Update | Verified What are three examples of abuse of the Governmentwide Commercial Purchase Card? - -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? - -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? - -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? - -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? - 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. - True Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? - Approving/Billing Official wrong Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? - -Overseas purchases up to $25,000 -Payment against an existing contract -Open-market micro-purchas