1
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NAPCP - CPCP Certification, CPCP Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Q: CPCP
Ans✅ ✅: Certified Purchasing Card Professional
Q: PCPCC
© 2025 Assignment Expert
Ans✅ ✅: Purchasing Card Professional Certification Council
grants CPCP designation
Guru01 - Stuvia
Q: NAPCP
Ans✅ ✅: National Association of Purchasing Card Professional
grants CPCP designation in conjunction with PCPCC
Have exclusive and sole property of CPCP credential initials
Q: CPCP Code of Ethics
, 2
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Ans✅ ✅: 1. Maintain integrity of the CPCP exam
2. Comply with the law in all activities related to P-Card Program, Influence workplace
practices, & Report illegal behavior
3. Maintain ethical leadership by demonstrating promoting highest standards of
honesty, confidentiality, and integrity. Question practices & procedures when necessary
4. Build trust by avoiding conflicts of interest, unethical relationships, improper actions
and/or indiscreet communications
5. Manage confidential and Proprietary information with due care and proper
consideration for ethical, legal, and regulatory ramifications
6. Understand and Respect policies and regulations pf my employer and the card
provider organization
© 2025 Assignment Expert
7. Develop and Maintain a professional level of competence and credibility through
continuing ed. and professional certification through the CPCP program
Guru01 - Stuvia
8. Act as a mentor by contributing to the body of knowledge and growth of the
Purchasing Card profession
Q: What would best prevent fraud in a P-Card Program
Ans✅ ✅: Establishing a system of checks and balances
Q: What is the best first step in the development of a P-Card program?
Ans✅ ✅: Creating a business case
Q: What is the main objective of the P-Card RFP process?
Ans✅ ✅: To select a provider objectively
Q: The primary goal of a P-card program is to?
Ans✅ ✅: Streamline the process for acquiring low-cost goods
Q: Reducing or eliminating cash funds through P-Card use results in?
Ans✅ ✅: A greater capture of transaction data
, 3
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Q: What is a best practice concerning MCC restrictions?
Ans✅ ✅: Utilize some standard profiles based on card usage
Q: The primary customers of merchant acquirers are?
Ans✅ ✅: Suppliers of goods and services
Q: Who is a merchant acquirer?
Ans✅ ✅: A bank or other contracted party that processes supplier card
transactions.
Enroll suppliers in the card acceptance process and implement equipment and software
solutions related to this purpose. They facilitate payment flow, including payments to
© 2025 Assignment Expert
suppliers. They are the supplier's bank
Q: What is another name for merchant?
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Ans✅ ✅: Supplier
Q: What is a merchant discount fee?
Ans✅ ✅: A fee paid by a supplier (merchant) to a bank or other contracted party
for services relate to the processing of the merchant's card transactions
Q: What are the two types of card payment systems?
Ans✅ ✅: Four-Party Payment System and Three-Party Payment System
Q: What is a four-party payment system?
Ans✅ ✅: merchant discount fee includes interchange-a fee paid by a merchant
acquirer to the issuing bank(card issuer), plus additional clearing and settling fees. It
compensates the issuer for the time after settlement with the acquiring bank/merchant
and before it recoups the settlement value from the end-user. It is a source of revenue
for the issuers. Ex. Visa and Mastercard
Q: What is a three-party payment system?
Ans✅ ✅: No interchange component but the merchant still pays a merchant
discount fee in conjunction with card acceptance. Ex. traditional Am. Express Model
, 4
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Q: What are the steps in the traditional procure-to-pay process?
Ans✅ ✅: 1. Process a requisition
2. Process a Purchase Order
3. Process a Invoice
4. Process a Check for payment
Q: What is the estimated process cost of the traditional process?
Ans✅ ✅: $50 to $200
Q: Are the process cost the same for both low value and high value transactions
using a traditional procure-to-pay process?
Ans✅ ✅: Yes
© 2025 Assignment Expert
Q: How do p-cards simplify the procure-to-pay process?
Ans✅ ✅: 1. Streamlines the process
Guru01 - Stuvia
2. Procure goods and services in a timely manner
3. Reduce transaction costs
4. Track expenses
5. Take advantage of Supplier Discounts
6. Reduce or Redirect Purchasing Staff and/or AP Staff
7. Reduce or Eliminate Petty Cash
Q: How do p-cards benefit suppliers (merchants)
Ans✅ ✅: 1. Cost reductions by eliminating invoice creation, handling and mailing,
depositing payments, and collection activities
2. Funds deposited electronically
3. Faster receipt of payments and improved cash flow
4. Increased sales
5. Customer satisfaction
6. Staff reductions and/or redirection in AR
Q: What is an Interchange Fee?
For Expert help and assignment solutions, +254707240657
NAPCP - CPCP Certification, CPCP Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Q: CPCP
Ans✅ ✅: Certified Purchasing Card Professional
Q: PCPCC
© 2025 Assignment Expert
Ans✅ ✅: Purchasing Card Professional Certification Council
grants CPCP designation
Guru01 - Stuvia
Q: NAPCP
Ans✅ ✅: National Association of Purchasing Card Professional
grants CPCP designation in conjunction with PCPCC
Have exclusive and sole property of CPCP credential initials
Q: CPCP Code of Ethics
, 2
For Expert help and assignment solutions, +254707240657
Ans✅ ✅: 1. Maintain integrity of the CPCP exam
2. Comply with the law in all activities related to P-Card Program, Influence workplace
practices, & Report illegal behavior
3. Maintain ethical leadership by demonstrating promoting highest standards of
honesty, confidentiality, and integrity. Question practices & procedures when necessary
4. Build trust by avoiding conflicts of interest, unethical relationships, improper actions
and/or indiscreet communications
5. Manage confidential and Proprietary information with due care and proper
consideration for ethical, legal, and regulatory ramifications
6. Understand and Respect policies and regulations pf my employer and the card
provider organization
© 2025 Assignment Expert
7. Develop and Maintain a professional level of competence and credibility through
continuing ed. and professional certification through the CPCP program
Guru01 - Stuvia
8. Act as a mentor by contributing to the body of knowledge and growth of the
Purchasing Card profession
Q: What would best prevent fraud in a P-Card Program
Ans✅ ✅: Establishing a system of checks and balances
Q: What is the best first step in the development of a P-Card program?
Ans✅ ✅: Creating a business case
Q: What is the main objective of the P-Card RFP process?
Ans✅ ✅: To select a provider objectively
Q: The primary goal of a P-card program is to?
Ans✅ ✅: Streamline the process for acquiring low-cost goods
Q: Reducing or eliminating cash funds through P-Card use results in?
Ans✅ ✅: A greater capture of transaction data
, 3
For Expert help and assignment solutions, +254707240657
Q: What is a best practice concerning MCC restrictions?
Ans✅ ✅: Utilize some standard profiles based on card usage
Q: The primary customers of merchant acquirers are?
Ans✅ ✅: Suppliers of goods and services
Q: Who is a merchant acquirer?
Ans✅ ✅: A bank or other contracted party that processes supplier card
transactions.
Enroll suppliers in the card acceptance process and implement equipment and software
solutions related to this purpose. They facilitate payment flow, including payments to
© 2025 Assignment Expert
suppliers. They are the supplier's bank
Q: What is another name for merchant?
Guru01 - Stuvia
Ans✅ ✅: Supplier
Q: What is a merchant discount fee?
Ans✅ ✅: A fee paid by a supplier (merchant) to a bank or other contracted party
for services relate to the processing of the merchant's card transactions
Q: What are the two types of card payment systems?
Ans✅ ✅: Four-Party Payment System and Three-Party Payment System
Q: What is a four-party payment system?
Ans✅ ✅: merchant discount fee includes interchange-a fee paid by a merchant
acquirer to the issuing bank(card issuer), plus additional clearing and settling fees. It
compensates the issuer for the time after settlement with the acquiring bank/merchant
and before it recoups the settlement value from the end-user. It is a source of revenue
for the issuers. Ex. Visa and Mastercard
Q: What is a three-party payment system?
Ans✅ ✅: No interchange component but the merchant still pays a merchant
discount fee in conjunction with card acceptance. Ex. traditional Am. Express Model
, 4
For Expert help and assignment solutions, +254707240657
Q: What are the steps in the traditional procure-to-pay process?
Ans✅ ✅: 1. Process a requisition
2. Process a Purchase Order
3. Process a Invoice
4. Process a Check for payment
Q: What is the estimated process cost of the traditional process?
Ans✅ ✅: $50 to $200
Q: Are the process cost the same for both low value and high value transactions
using a traditional procure-to-pay process?
Ans✅ ✅: Yes
© 2025 Assignment Expert
Q: How do p-cards simplify the procure-to-pay process?
Ans✅ ✅: 1. Streamlines the process
Guru01 - Stuvia
2. Procure goods and services in a timely manner
3. Reduce transaction costs
4. Track expenses
5. Take advantage of Supplier Discounts
6. Reduce or Redirect Purchasing Staff and/or AP Staff
7. Reduce or Eliminate Petty Cash
Q: How do p-cards benefit suppliers (merchants)
Ans✅ ✅: 1. Cost reductions by eliminating invoice creation, handling and mailing,
depositing payments, and collection activities
2. Funds deposited electronically
3. Faster receipt of payments and improved cash flow
4. Increased sales
5. Customer satisfaction
6. Staff reductions and/or redirection in AR
Q: What is an Interchange Fee?
