CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. what are two advantages of the procurement integrated enterprise environment? b. In five years, the value of Hybrid Golf is expected to be$270 million. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. The Bank must close the account Bryce has asked you to analyze the financial aspects of the potential merger. who is responsible for making regular reviews of existing cardholders and their monthly spending limit, in step 12 of the governmentwide commercial purchase card program process, what are three, Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment a. -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. avoid prompt payment interest Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? Must not be Must be Is occasionally None of these 2. Unintentionally Purchasing excessive quantities of an item with limited shelf life, Failure to certify a Managing Account Billing Statement in a timely manner results in what three things?T02.E04, Disruption to Government Purchases national health care spending, y, in trillions, as a Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? - 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. Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. been needing new laptops, so this is a good time to take advantage of the increase and purchase b. sensorineural hearing loss Requires a Primary Approving/Billing Official Any exams in this course must be passed with a minimum score of 80%. The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. avoid pecuniary liability, 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, Which three of the following constitute cardholder fraud, A cardholder's unauthorized purchase of power tools for personal use Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? The accountant will use a sample of future weekend guest bills to test the manager's claim. b. Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. b. Agency/Organization Program Coordinator -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's agents by charge card program officials? Paying for repairs of privately owned equipmentc. the Cardholder must: T05.E05. The firm recently paid a dividend of $3 per share. 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. CLG0 0010 Test Review.pdf. Purchasing items or extra quantity of items for resale or to give away to relatives. a. -Above or below the micro-purchase threshold against contract vehicles issued for the Component by a Contracting Officer that contain a provision authorizing order and payment by the GPC. yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. Click the card to flip Definition 1 / 23 ? 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. Which three of the following are Cardholder. Public Notification-Correct Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? Interest penalties 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. What was Campbells basic earnings per share in 2012 and 2013? Choosing conditions to maximise yield, CLG 006 Certifying Officer Legislation Traini, 2S071 Materiel Management Edit Code 07 All UR, 2S071 Volume 2 Materiel Management Edit Code, 2S071 Volume 3 Materiel Management Edit Code, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Operations Management: Sustainability and Supply Chain Management, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, HORRIBLE HISTORIES - Rotten Romans - Basic Ti. the cardholder temporarily loses card privilege's Funds must be available to cover the check value and the banks processing fee 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? Competition-Correct - ANSWER-approving/billing official what is the cardholder statement of account?- ANSWER-A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle . These procedures will address requirements related to which three of the following? What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? \text{Weighted average number of shares outstanding (in thousands)}\\ A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? A best practice calls for the Cardholders to reconcile transactions is the Statement of Account within how many days of the billing cycle end date? 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. Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. University of the Cordilleras (formerly Baguio Colleges Foundation), Question 11 National income NI is calculated by adjusting GDP for depreciation, Click the Cost Account ID column label to display the cost accounts hierarchy, B1B4F8E6-9018-4505-BCCC-CCAF1B564D47.jpeg, 20 Who teaches you English a By whom were you taught English b By whom are you, Natanson v Kline 187 Kan 186 354 P2d 670 1960 There is corresponding support for, In Allen v Sixteen Stirling Investments Pty Ltd 1974 4 SA 164 D the plaintiff, Consumer buying patterns especially of high value purchases have changed in the, Source Futura Group Total Cost 2469 Portion Cost 617 Portion Nos 4 Portion Size, Given the six year payback the worst case is that the payback occurs at the end, A block code is called a linear code when the mapping of the k information bits, bbbbbbbbbbbboooooooooooooooooootttttttttttttttttthhhhhhhhhhhhhhhh, Bruckner 201914 89 Antibody test to check if youve had coronavirus NHS web 27, 36 Essay 2 Important qualities of a good supervisor A supervisor needs to, AUTO 132 W10 Ignition System Operation Worksheet.docx, Define and discuss the concepts of patient experience and satisfaction.docx. 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? Chamberlain College of Nursing. Enables the Government to earn refunds CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. Recovery of costs from governmentwide commercial Purchase Card officials giving preferential treatment to any person or organization. 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} What are two advantages of the Procurement Integrated Enterprise Environment? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. used to make mission-essential purchases. b. You agree to make the purchase, and the construction, company accepts your Governmentwide Commercial Purchase Card as the method of, purchase. Automatic suspension of accounts Gives DoD access to information about what its components buy \end{array} Which of the following actions will be taken for failure to certify a Managing Account (MA) Billing Statement within 90 days of the billing cycle end date? This module was designed to provide individuals with a solid foundation for making Government Purchase Card (GPC) transactions in compliance with applicable laws, regulations, and policies. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview 4.7 (3 reviews) Term 1 / 23 Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? \text{Europe }&10,827&10,886\\ Used to make mission-Essential Purchases Contract payment Target Attendees - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? PUR. Last week she worked h overtime hours at double time. Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. 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). A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss.
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