CCON 022 QUESTIONS AND CORRECT ANSWERS|GRADED
A+ |VERIFIED ANSWERS|
A/OPC (Agency/ Organizational Program Coordinator) Correct
Answers Manages and Overseas CH and Managing Accounts
Increasingly sophisticated technology is forcing the DoD acquisition
process to reduce its reliance on commercially available products and
services. Correct Answers False
The DoD awards more contract dollars on products than it does for
services. Correct Answers False
A/BO (Agency/ Organizational Program Coordinator) Correct Answers
Reviews and approves GPC managing account invoices and transactions
supporting data for compliance
Certifying Officer Correct Answers Reviews and Managing account
invoices in accordance with DoD Finacial Management Regulation
(DoD FMR) Requirements
RM (Resource Manager) Correct Answers provides appropriate GPC
account Funding
CH (Cardholder) Correct Answers Is issued a GPC Cardholder account
,Cardholder refers to Correct Answers individuals who hold either GPC
as "carded," "cardless," or convenience check accounts.
What characteristic describes the GPC business model? Correct
Answers Similar to a commercial credit card
What are the advantages to using GPC instead of other forms of
Payment? Correct Answers - Increased likelihood of the merchant doing
business with the government
- Expedited Payment to Merchant
- Reduced Invoicing Cost
Open- market micro purchases Correct Answers Use of the GPC to
streamline micro-purchases and payment for mission-essential supplies
and services
Ordering Officer purchases and payments Correct Answers Use of the
GPC against existing Government contracts
Contract Payment Correct Answers Use of GPC above the micro-
purchase threshold as a payment vehicle against existing Government
contracts
SF-182 training payments Correct Answers Mandated method for
payment for requirements using SF-182 up to $25,000
, Overseas purchases up to $25,000 Correct Answers Used outside the
U.S. for purchases exceeding the micro-purchase threshold but not
exceeding $25,000
Who promptly certifies that GPC managing account (MA) billing
statements are legal and proper for payment? Correct Answers
Certifying Officer
Who coordinates with the agency/organization program coordinator
(A/OPC) to review and adjust spending limits? Correct Answers
Resource Manager (RM)
Who ensures transactions are made with responsible merchants in
accordance with component instructions? Correct Answers
Cardholder(CH)
Who takes appropriate personnel action(s) against individuals
committing GPC misuse, abuse, and fraud Correct Answers Supervisor
An approving/ Billing official (A/BO) is authorized to be a cardholder
(CH) under the same managing account (MA) for which they are an
A/BO? (True or False) Correct Answers False
A cardholder (CH) may allow someone else to use their card or card
number to place orders and make purchases or payment? (True or False)
Correct Answers False
A+ |VERIFIED ANSWERS|
A/OPC (Agency/ Organizational Program Coordinator) Correct
Answers Manages and Overseas CH and Managing Accounts
Increasingly sophisticated technology is forcing the DoD acquisition
process to reduce its reliance on commercially available products and
services. Correct Answers False
The DoD awards more contract dollars on products than it does for
services. Correct Answers False
A/BO (Agency/ Organizational Program Coordinator) Correct Answers
Reviews and approves GPC managing account invoices and transactions
supporting data for compliance
Certifying Officer Correct Answers Reviews and Managing account
invoices in accordance with DoD Finacial Management Regulation
(DoD FMR) Requirements
RM (Resource Manager) Correct Answers provides appropriate GPC
account Funding
CH (Cardholder) Correct Answers Is issued a GPC Cardholder account
,Cardholder refers to Correct Answers individuals who hold either GPC
as "carded," "cardless," or convenience check accounts.
What characteristic describes the GPC business model? Correct
Answers Similar to a commercial credit card
What are the advantages to using GPC instead of other forms of
Payment? Correct Answers - Increased likelihood of the merchant doing
business with the government
- Expedited Payment to Merchant
- Reduced Invoicing Cost
Open- market micro purchases Correct Answers Use of the GPC to
streamline micro-purchases and payment for mission-essential supplies
and services
Ordering Officer purchases and payments Correct Answers Use of the
GPC against existing Government contracts
Contract Payment Correct Answers Use of GPC above the micro-
purchase threshold as a payment vehicle against existing Government
contracts
SF-182 training payments Correct Answers Mandated method for
payment for requirements using SF-182 up to $25,000
, Overseas purchases up to $25,000 Correct Answers Used outside the
U.S. for purchases exceeding the micro-purchase threshold but not
exceeding $25,000
Who promptly certifies that GPC managing account (MA) billing
statements are legal and proper for payment? Correct Answers
Certifying Officer
Who coordinates with the agency/organization program coordinator
(A/OPC) to review and adjust spending limits? Correct Answers
Resource Manager (RM)
Who ensures transactions are made with responsible merchants in
accordance with component instructions? Correct Answers
Cardholder(CH)
Who takes appropriate personnel action(s) against individuals
committing GPC misuse, abuse, and fraud Correct Answers Supervisor
An approving/ Billing official (A/BO) is authorized to be a cardholder
(CH) under the same managing account (MA) for which they are an
A/BO? (True or False) Correct Answers False
A cardholder (CH) may allow someone else to use their card or card
number to place orders and make purchases or payment? (True or False)
Correct Answers False
