CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. c. Ordering Officer purchases and payments. The Government Commercial Purchase Card used as the method of payment for . Ordering Officer purchases and payments. Exceeding the applicable micro-purchase Threshold Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? The bank must close the account DOD policy allows for GCP Card billing statement certification prior to certification that all items submitted for payment have been received in order to (select all three that apply). Disruption to Government purchases. whose responsibility is it to comply with Government agency standards of conduct? Whose responsibility is it to comply with Government agency Standa. Which three of the following constitute Cardholder fraud? Classify truck depreciation and raw materials as variable or fixed costs. TO1.E01, -Used to make mission-essential Purchases, Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement?T01.E04, The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to support declared contingency operations in Afghanistan. 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. Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. price-icon . avoid prompt payment interest CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. Purchasing office supplies for home use. View more. In 2011, national health care T07.E02, When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchaseT06.E01, What is the Cardholder Statement of Account? T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? Small business Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. Campbell Incorporated reported the following information in their consolidated income statement for the years ended December 31, 2012 and 2013: 20132012Netincome(inthousands)$1,456,091$1,200,472Weightedaveragenumberofsharesoutstanding(inthousands)Basic702,987687,910Diluted713,456699,012\begin{array}{lrr} - ANSWER-Unauthorized commitment, 10 United States Code 2784 requires specific corrective actions for Governmentwide, Commercial Purchase Card Program violations - ANSWER-False, What is the artificial intelligence Data Mining platform that automatically analyzes the, DoD's Governmentwide Commercial Purchase Card data to identify high-risk, transactions - ANSWER-Insight on Demand (IOD), Authorized uses of the Governmentwide Commercial Purchase Card include (select, three) - ANSWER-a. Ensure adequate Funds are available to make the payment \hline - ANSWER-, 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, Which of the following is an agreement that is not binding solely because the, Government representative who made it lacked the authority to enter into that, agreement on behalf of the government? Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. 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Think of some of the options you have for spending time after school--sports practice, hobby clubs, work, or extra study, for example. a. Complete appropriate training 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. \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official A Cardholder's unauthorized purchase of power tools for personal use Similar in nature to a commercial credit card yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. -Purchasing power tools for personal use Whose Responsibility is it to comply with government agency standards of conduct? After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to a. T03.E02, What is he Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments? CLG 0010 DoD Governmentwide Commercial Card Exam/ How Long does Foreign Military Sales Documentation have to be retained following a case closure An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Bryce has asked you to analyze the financial aspects of the potential merger. Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com Which three of the following are cardholder considerations before purchase? \text{United States}&\$\hspace{5pt}8,814&\$\hspace{5pt}8,528\\\ 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? \end{array} Giving preferential treatment to any person or organization Which three items describe external fraud? . Preliminary observations of one worker at the station produced the following sample time (in minutes per package): 3.5,3.2,4.13.5,3.2,4.13.5,3.2,4.1, 3.6, 3.9. What are three advantages of using the Governmentwide Commercial Purchase Card? T04.E02. Reduced invoicing costs Cardholders who have been formally granted the appropriate authority in their Letter of Delegation [Show More] Preview 1 out of 5 pages Generating Your Document Report Copyright Violation Exam Details $6.45 Add To Cart Add To Wishlist Money Back Guarantee 24/7 Document English Business Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles If required office paper is available from a mandatory source of supply (such as the Committee for Purchase from People Who Are Blind or Severely Disabled), the Cardholder must purchase the paper from the mandatory source, even if similar paper is available at a lower price from a non-mandatory source. Approving/Billing Officer, Frustrated freight may never reach the intended recipient. Which of the following are you authorized to Explain. transactions? 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? We're available through e-mail, live chat and Facebook. accept? 20 laptops at $500 each for a total price of $10,000. Paying for repairs of privately owned equipment b. the Cardholder must: T05.E05. When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Following; 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. Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? PUR. Open-Market Micro-Purchases CLG 0010 DoD Governmentwide Commercial Purcha, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Lab 6 - Acid-Fast and Endospore Stain Quiz. Gives DoD access to information about what its components buy CLGOO1O DoD Governmentwide Commercial Purchase Card Overview, Scored 96%. Suspected ethics violations should be reported to: When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. Decrease penalties for faulty disputes Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? spending was $2.7 trillion, and it was projected to How many cardholder accounts may be rolled up under a managing account? Date on which the item/service was ordered. Which there of the following statements are true? a. 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? When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. What did you do wrong? T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card threshold, Commercial training requirements using the SF-, Is committed by someone other than charge card program official, CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, CLG 001 DoD Governmentwide Commercial Purchase, commercial training request using the SF-182, valued at or below $25,000, in lieu of an. payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? In five years, the value of Hybrid Golf is expected to be$270 million. ( 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). Adverse personnel actions 1. Enables the Government to earn refunds 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? HESI A2 summaries, notes, assignments and practice exams for University. Must be What are three advantages of using the Governmentwide Commercial Purchase Card? What are three examples of misuse of the governmentwide commercial Purchase card? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer 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? COM. CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam University Nevada State College Course Community health nursing (NUR 2611) Uploaded by Micah Brian Academic year2022/2023 Helpful? 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. 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? what did you do wrong? (Select two). Reduced Invoicing Costs Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? What did you do wrong? Enables the Government to earn refunds Requires a Primary Approving/Billing Official PUR. What is the procurement integrated enterprise environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointment? 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. Interest penalties \hline B. 3. The study documents help you better prepare for exams and get higher grades. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Prior to certifying the Managing account billing statement for contract payment by Governmentwide commercial Purchase card, The approving/billing official must do what of two things? DoD's Governmentwide Commercial Purchase Card data to identify high-risk, support declared contingency operations in Afghanistan. Funds must be available to cover the check value and the bank's processing fee Authorized uses of the Governmentwide Commercial Purchase Card include (select three) correct answers Existing Government contracts Ordering Officer purchases and payments Commercial training requirements using the SF-182 What are 2 advantages of the Procurement Integrated . a. Commercial Training requirements using the SF-182-New. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. Which three of the following constitute cardholder fraud? 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). 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? Reconcile the monthly Statement of Account. 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. Slashes mean its wrong Overseas purchases up to 25000 NY Times Paywall - Case Analysis with questions and their answers. Terms of Use Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. What is the highest exchange ratio Birdie should be willing to pay and still undertake the merger? giving preferential treatment to any person or organization. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles.