DoD Govenmentwide Commercial Purchase Card Overview Exam.docx. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? Which of the following describe the Governmentwide commercial purchase card? Which of the following is the term for a shipment of supplies or equipment that is delayed along the transportation chain and will not move until all problems are resolved? Students also viewed Violating a specific-use Policy Which one of the following is an example of abuse of the Governmentwide Commercial Purchase Card? The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. Similar in nature to a commercial credit card. A. approving/billing officer 2. supervisor 3. agency/organization program coordinator If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must . : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Objectives 5 c. 15 d. 40. - ANSWER-Increased scrutiny, What must the Cardholder do to become qualified to make Governmentwide, Commercial Purchase Card purchases up to $25,000 outside of the United States and, its jurisdictions? Contract payment what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? The firm recently paid a dividend of $3 per share. T01.E02, open market micro-purchase &\textbf{Recent Year}&\textbf{Prior Year}\\ 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, Which three of the following statements about convenience checks are true, Convenience checks must be secured in a locked container The Governmentwide commercial Purchase card ______ used as the method of payment for commercial training requests using the SF-182, Valued at or below 25,000, in lieu of an employee reimbursement by miscellaneous payment. Which of the following is an appropriate circumstance for using a convenience check? Total Dollar Value of the transaction whose responsibility is it to comply with Government agency standards of conduct? Description The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. Currently, similar-risk stocks have required returns of 10 %. \text{United States}&\$\hspace{5pt}8,814&\$\hspace{5pt}8,528\\\ (select the three that apply) - ANSWER-1. 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, which two of the following must be included in supporting documentation for all governmentwide commerical purchase card transactions, Frustrated freight may never reach the intended recipient, CLG 0010 DOD GOV. Small business \text{Europe }&10,827&10,886\\ T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. Whose responsibility is it to comply with Government agency Standa. support declared contingency operations in Afghanistan. Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles Wat are three examples of abuse of the Government Commercial Purchase Card? According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Recovery of cost from Governmentwide Commercial Purchase Card officials, 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. Which there of the following statements are true? Enables the Government to earn refunds Small Business Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. Hybrid Golf has 8 million shares of stock outstanding. Explain how this requirement is likely to affect the growth of human CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. How many cardholder accounts may be rolled up under a managing account? If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? Which of the following are you authorized to. MARKETING 305. what are three violations of these executive orders? Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. Prepare a graph for raw materials. TO DO Click the card to flip Definition 1 / 23 ? Which three of the following describe the Governmentwide Commercial Purchase Card? -, ANSWER-A merchant does not accept payment by credit card, How long does Foreign Military Sales documentation have to be retained following case, In order to use the Governmentwide Commercial Purchase Card for simplified, acquisitions up to $25,000 outside the United States and its jurisdictions, the, Cardholder, merchant, and supply delivery/service execution must all be outside the, United States and its jurisdictions. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to how many days of the billing cycle end date? ( c ) Verify that the given f(x)f(x)f(x) has f(x)f^{\prime}(x)f(x) as its derivative, and graph f(x)f(x)f(x) to check your conclusions in part (a). Gives DoD access to information about what its components buy involved a purchase amount above the micro-purchase threshold. \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? It is used to solve problems in a variety of fields, including science, engineering, and finance. transactions? Both companies can borrow at an 8% interest rate. Which three of the following are advantages of using the Governmentwide commercial purchase card? C. The Cardholder can request that the bank "stop payment" on a check, The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. Increased information \hline Violating a specific-use policy It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. We're available through e-mail, live chat and Facebook. CLG 0010 Exam 100% Scored_ Spring 2022 1. Approving/billing Officer been needing new laptops, so this is a good time to take advantage of the increase and purchase You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from spending was $2.7 trillion, and it was projected to - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? COM. Defrauding the government The primary somatosensory area of the cerebral hemispheres is found in the precentral gyrus. Automatic suspension of all Cardholder (CH) accounts. No Ordering officer may be appointed until they have received training commensurate with their delegated authority CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. c. Purchasing items or extra quantity of items for resale or to give away to relatives. The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. CLG 0010 Exam 2022 Graded A What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Governments agents by charge card program officials. Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. 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 miscellaneous payment. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. A. The accountant will use a sample of future weekend guest bills to test the manager's claim. Approving/Billing Officer, Frustrated freight may never reach the intended recipient. CLG 0010 EXAM Which three of the following constitute Cardholder fraud? What conclusion is appropriate when H0H_0H0 cannot be rejected? DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to answer Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest question b. Company Registration Number: 61965243 C. Ensure transactions are made with responsible merchants. how many days of the billing cycle end date? Must not be Must be Is occasionally None of these B. There is no time limit for completing this course. 3. Complete appropriate Training Supervisor Transactions where the governmentwide commercial purchase card is used as a method of payment In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? CLGOO1O DoD Governmentwide Commercial Purchase Card Overview, Scored 96%. through 2021. Which three items describe external fraud, Includes billing for items not ordered T07.E01, failing to certify Purchase Card Certification Statements" on time Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. After completing the course, please be sure to complete the survey at the end. Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following? Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? What are three advantages of using the governmentwide commercial purchase card? What is Step 2 of the Governmentwide Commercial Purchase Card Program process? 20 laptops at $500 each for a total price of $10,000. Automatic suspension of accounts CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. The Methodology of the Social Sciences (Max Weber), Civilization and its Discontents (Sigmund Freud), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), Give Me Liberty! The comparative regional segment revenues for McDonalds Corporation are as follows: RecentYearPriorYear(inmillions)(inmillions)UnitedStates$8,814$8,528Europe10,82710,886APMEA*6,3916,020OtherCountries&Corprate1,5351,572Totalrevenues$37,567$27,006\begin{array}{lrr} Round whole percents to one decimal place. Who is the individual for ensuring the existence, accuracy, and legality of information on COM. Smith Concrete Company owns enough ready-mix trucks to deliver up to 100,000 cubic yards of concrete per year (considering each trucks capacity, weather, and distance to each job). Objectives Download Course Objectives Target Attendees accept? Using public office for private gain, Which of the Governmetnwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews?T02.E02, Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases? b. Similar in nature to a commercial credit card Violating a specific-Use Policy. Suspected ethics violations should be reported to: A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within
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