CLG 001 DoD Government Commercial Purchase Card Overview Exam Questions with Verified Solutions

CLG 001 DoD Government Commercial Purchase Card Overview Exam Questions with Verified Solutions In order to use the GPC for simplified accusations up to $25,000 outside the United States and its jurisdictions, the card holder, merchant, and supply/delivery acquisition must be outside the United States and its jurisdictions True Executive orders 12674 and 12731 for the foundational policy on ethical conduct a federal employees. All of the following are violations of these executive orders except: Making authorized commitments Which of the following to find WASTE with regard to the Government Travel Card Abuse Prevention Act? It is defined as "to use or expend carelessly, extravagantly, or for no beneficial purpose" The term FRAUD includes unauthorized actions by both card holders in merchant's. True Which of the following is the term for shipment of supplies or equipment that is delayed on the transportation chain will not move in to our problems are resolved? Frustrated Freight Penalties prescribed for employee misuse of purchase cards or convenience check include dismissal of the employee. False A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? 15 Which of the following is NOT an advantage of using the GPC? Increased Funding. Which of the following is not a cardholder responsibility in the GPC program? Terminate the GPC account. The secretary defense authorize an increase 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 the price of $10,000. False How long does foreign military sales documentation have to be retained following case closure? 10 years 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? All of these Which of the following must be included in supporting documentation for all GPC transactions? All of these If transactions not made by the cardholder appear on the statement of account, the card holder she disputing with the card issuing bank within how many days a transaction date? 30 days Which of the following is an appropriate circumstance for using a convenience check? A purchase exceeds the micro purchase threshold. Which of the following statements is false? Only DoD contractors may be appointed as ordering officers Prior to certifying the MA billing statement for contract payment by GPC the A/BO must: All of these responses are correct