GLG 0010 Governmentwide Commercial Purchase Card Overview Exam (A+ Graded)

What are three examples of abuse of the Governmentwide Commercial Purchase Card? correct answers -Splitting requirements to avoid card thresholds -Violating a specific-use policy -Exceeding the applicable micro-purchase threshold wrong Which three of the following constitute Cardholder fraud? correct answers -A Cardholder's unauthorized purchase of power tools for personal use -Purchasing items or extra quantity of items for resale or to give away to relatives -Paying for repairs of privately owned equipment Which three of the following describe the Governmentwide Commercial Purchase Card? correct answers -Reduced invoicing costs -Similar in nature to a commercial credit card -Used to make mission-essential purchases What are two advantages of the Procurement Integrated Enterprise Environment? correct answers -Reduces DoD operating costs -Improves data quality and access What is the first step to follow when a Cardholder becomes aware of a lost or stolen card or check? correct answers Determine when and where the card/checks were last used wrong Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the Governmentwide Commercial Purchase Card to make simplified acquisitions up to $25,000 outside the United States and its jurisdictions. correct answers True Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? correct answers Approving/Billing Official wrong Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? correct answers -Overseas purchases up to $25,000 -Payment against an existing contract -Open-market micro-purchases Frustrated freight may never reach the intended recipient. correct answers True Whose responsibility is it to comply with Government agency Standards of Conduct? (Select the three that apply) correct answers -Approving/Billing Officer