CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% correct all answers spring fall-2022 solution guaranteed grade A+

Document Content and Description Below

1. The Government Commercial Purchase Card used as the method of payment for commercial training request using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellan... eous payment. • Must not be • Must be • Is occasionally • None of these 2. Who is the individual for ensuring the existence, accuracy, and legality of information on an Managing Account Billing Statement. • Certifying Officer • Agency/Organization Program Coordinator • Resource Manager • Approving/Billing Official 3. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. Which of the following are you authorized to accept? • Vouchers • Credit to your Cardholder account • In-store credit • Gift cards 4. Suspected ethics violations should be reported to: • The Supervisor • No one, since there is no requirement to report ethics violations • The card-issuing bank • The violating individual 5. A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within how many days of the billing cycle end date? • 30 • 10 • 15 3 6. What is the artificial intelligence Data Mining platform that automatically analyzes DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions? • Insight on Demand (IOD) • Procurement Business Intelligence Service (PBIS) • Joint Appointment Module (JAM) • Access Online 7. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Several personnel in your office have been needing new laptops, so this is a good time to take advantage of the increase and purchase 20 laptops at $500 each for a total price of $10,000. • True • False 8. Which of the Governmentwide Commercial Purchase Card Program’s mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator (A/OPC) Reviews? • Program Management Reviews • Internal Controls Reviews • Semi-Annual Head of Activity (HA) Reviews • Quarterly Data Mining Case Validation Reviews 9. In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true? • The Cardholder temporarily loses card privileges • The bank must close the account • A new card or checks are issued • The Government is not relieved of its obligation to pay for all valid transactions made prior to reporting the loss 10. How many Cardholder accounts may be rolled up under a Managing Account (MA)? • Five • Seven • Eight • Nine [Show More]

Last updated: 1 year ago

Preview 1 out of 4 pages