CLG 0010 EXAM NEWEST QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) | GRADED A+

CLG 0010 EXAM NEWEST 2024- 2025 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) | GRADED A+ What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions - ANSWER- Insight on Demand (IOD) What are three examples of abuse of the Governmentwide Commercial Purchase Card? - ANSWER- Violating a specific-use Policy Exceeding the applicable micropurchase 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? - ANSWER- 90 Days Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use Page 2 of 39 the Governmentwide Commercial Purchase Card to make Simplified acquisitions up to $25,000 outside the United States and its jurisdictions - ANSWER- True Which three of the following statements about convenience checks are true - 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? - ANSWER- Reconcile the monthly statement of account