NAPCP - CPCP Certification Questions and Correct
Detailed Answers (Verified Answers) ||Already
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Quiz: End-users are
Ans: the companies, government agencies, universities/colleges, etc that
provide P-Cards to their employees.
Quiz: P-Card program managers(PM), program administrator(PA), and/or site
coordinator (SC) are
Ans: the primary roles that manage a P-Card program within an end-users
organization.
Quiz: Cardholders are
Ans: those who initiate P-Card transactions on behalf of their employer, the
end-user organization.
Quiz: Suppliers are
Ans: those who accept P-Cards as payment for goods and services.
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, Quiz: Issuers are
Ans: those who work directly with end-users to implement and grow
programs, issue cards, and invoice posted P-Card transactions.
Quiz: True or False:
The issuer uses the services of the networks and processors to faciliate card
issuance, authorize transactions, and provide date. Many financial institutions
are not issuers. Issuers are sometimes called card "providers"
Ans: False: Many financial institutions are issuers. USBANK and JP Morgan
Chase are examples.
Quiz: Merchant acquirers are
Ans: those who enroll suppliers in the card acceptance process and
implement equipment and software solutions related to this purpose. They
facilitate payment flow including payment to suppliers.
Quiz: What is also known as a supplier's bank?
Ans: Merchant acquirers
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, Quiz: What is also known as card providers?
Ans: Issuers
Quiz: What is a purchasing card?
Ans: It is a type of commercial credit card used by organizations for the
payment of goods and services.
Quiz: Why were P-Cards created?
Ans: A financial re-engineering tool to streamline accounts payable processes,
typically replacing paper checks as the payment method for low-value
transactions.
Quiz: Which is not a benefit of using the P-Card?
a. procure in a timely manner
b. take advantage of supplier discounts
c. convenience fee
d. reduce transaction costs
e. track expenses
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, Ans: c. convenience fee
Quiz: Networks are
Ans: used to facilitate the movement of transactional data between the issuer
and the merchant acquirer and set the rules pertaining to suppliers' card
acceptance.
Quiz: What organizations would be considered a network?
Ans: Visa, MasterCard, and American Express
Quiz: What are also known as associations?
Ans: Networks
Quiz: Processors are
Ans: those who provide various services to card issuers and merchants
acquirers, which may include card production, statement printing,
authorization and data delivery.
Quiz: What is Procure-to-Pay Process?
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Detailed Answers (Verified Answers) ||Already
Graded A+||Newest Version
Quiz: End-users are
Ans: the companies, government agencies, universities/colleges, etc that
provide P-Cards to their employees.
Quiz: P-Card program managers(PM), program administrator(PA), and/or site
coordinator (SC) are
Ans: the primary roles that manage a P-Card program within an end-users
organization.
Quiz: Cardholders are
Ans: those who initiate P-Card transactions on behalf of their employer, the
end-user organization.
Quiz: Suppliers are
Ans: those who accept P-Cards as payment for goods and services.
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Quiz: Issuers are
Ans: those who work directly with end-users to implement and grow
programs, issue cards, and invoice posted P-Card transactions.
Quiz: True or False:
The issuer uses the services of the networks and processors to faciliate card
issuance, authorize transactions, and provide date. Many financial institutions
are not issuers. Issuers are sometimes called card "providers"
Ans: False: Many financial institutions are issuers. USBANK and JP Morgan
Chase are examples.
Quiz: Merchant acquirers are
Ans: those who enroll suppliers in the card acceptance process and
implement equipment and software solutions related to this purpose. They
facilitate payment flow including payment to suppliers.
Quiz: What is also known as a supplier's bank?
Ans: Merchant acquirers
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Quiz: What is also known as card providers?
Ans: Issuers
Quiz: What is a purchasing card?
Ans: It is a type of commercial credit card used by organizations for the
payment of goods and services.
Quiz: Why were P-Cards created?
Ans: A financial re-engineering tool to streamline accounts payable processes,
typically replacing paper checks as the payment method for low-value
transactions.
Quiz: Which is not a benefit of using the P-Card?
a. procure in a timely manner
b. take advantage of supplier discounts
c. convenience fee
d. reduce transaction costs
e. track expenses
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: c. convenience fee
Quiz: Networks are
Ans: used to facilitate the movement of transactional data between the issuer
and the merchant acquirer and set the rules pertaining to suppliers' card
acceptance.
Quiz: What organizations would be considered a network?
Ans: Visa, MasterCard, and American Express
Quiz: What are also known as associations?
Ans: Networks
Quiz: Processors are
Ans: those who provide various services to card issuers and merchants
acquirers, which may include card production, statement printing,
authorization and data delivery.
Quiz: What is Procure-to-Pay Process?
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
