96% CLGOO1O DoD Governmentwide Commercial Purchase Card Overview | Latest Update | Verified

1. Failure to certify a Managing Account Billing Statement in a timely manner results in what three things? - 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. - must be 3. What is the first step to follow when a Card holder becomes aware of a lost or stolen card or check? - Notify all affected parties. 4. Which two statements about Managing Accounts are true? - 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? - 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? - 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. - True 8. Which three of the following statements about convenience checks are true? - Convenience checks must be secured in a locked container. Funds must be available to cover the check value and the bank's processing fee. The Cardholder can request that the bank. "stop payment· on a check. 9. What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Govemmentwide Commercial Purchase Card data to identify high-risk transactions? - Insight on Demand (IOD) 10. In Step 10 of the Govemmentwide Commercial Purchase Card Program what are three pieces of information that should be included in the Cardholder Purchase Log? - Name of the requestor Date on which the item/service was ordered Total dollar value of the transaction 11. Which of the following tenns is defined as "the intentimtal use of the Government-issued charge card in violatioo of applicable regulations"? - Abuse 12. In order to use the Govemmentwide Commercial Purchase Card for simplified acquisitions up to $25000 outside the United States and its jurisdictions the Cardholder merchant and supply delivery/service execution must all be outside the United States and its jurisdictions. - True 13. Authorized uses of the Govemmentwide Commercial Purchase Card include which three of the following? - Payment against an existing contract Overseas purchases up to 525000 Open-market micro--purchases 14. 10 United States Code 2734 requires specific corrective actions for Governmentwide Commercial Pt1rchase Card Program violations. - True 15. Splitting what would have been an $11000 purchase into two transactions each of which falls under the micropurchase threshold is: - Strictly prohibited. 16. Which of the following is a Cardholder responsibility in the Govemmentwide Commercial Purchase Card Program? - Reconcile the monthly Statement o