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Annual Purchasing Card Training.pdf with complete solutions

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Annual Purchasing Card T with complete solutions

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Annual Purchasing Card Training
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Annual Purchasing Card Training

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Annual Purchasing Card Training et et et




The P- et


Card is a valuable tool for small dollar purchases under $10,000
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. When used correctly the P-Card can: - correct answer✔ ✔
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Reduce paperwork• Improve efficiency• Speed up payments t
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o suppliers• Provide transparency
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If it's a credit card, do I pay the bill? - correct answer✔ ✔
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No. P- et


Cards are Corporate Liability and do not appear on your credit r
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eport. Cards are issued with both the University and the cardhol
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der's names. et




Who is eligible to receive one? - correct answer✔ ✔
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Employees approved by their supervisor/department.• Full-
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time Faculty and Staff.• Multiple employees within the same de
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partment may have cards.• Hourly employees employed directly
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by VCU. Contractors are not eligible
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P-
cards may be issued with a ________ up to a maximum of$100,
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,000. Additional justification for a limit above $50,000 will be n
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ecessary - correct answer✔ ✔ Monthly Cycle limit
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The maximum single ________ allowed by the university is $1
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0,000.Any transactions that exceed $10,000must go on a Purcha
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se Order - correct answer✔ ✔ transaction limit
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T/F? Approvers may request a Temporary or Permanent change
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to a cardholder's limit/s - correct answer✔ ✔ True
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T/F? Approvers should review Cardholder'slimits and usage at l
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east once annuallyand make adjustments as necessary -
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correct answer✔ ✔ True
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Once you receive the card, you must _____ it before use -
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correct answer✔ ✔ activate
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Activate it by calling the number on the sticker on your card. Y
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ou will be asked for the following: - correct answer✔ ✔
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• The 16 digits of your card number.• The phone number liste
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d on your application.• The verification code/ID is "236" follow
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ed by your 6-
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, digit date of birth(mmddyy).• For example, a person born on De
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cember 3, 1985 will enter:236120385
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You will be prompted to choose a ________ during activation -
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correct answer✔ ✔ four digit PIN
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T/F? Never copy, fax or email an image of your card. Do not e
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mail your full account number (even to another person within V
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CU) - correct answer✔ ✔ True
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T/F? Do not share your card with anyone• Do not store your car
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d in an online vendor account if others have access to that acco
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unt (i.e.Amazon account) - correct answer✔ ✔ True
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T/F? Do not add your card to any Virtual Wallets (ApplePay, S
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amsung Pay, etc.)• New cards will be issued with the "Tap to p
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ay"feature. This is not the same thing as the virtual wallet and i
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s allowable - correct answer✔ ✔ True
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T/F? Do not keep your card in your wallet, instead lock it up sa
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fely in your workspace.• If you must carry the card with you, ke
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ep it separate from your other personalforms of payment.• **Ti
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Institution
Annual Purchasing Card Training
Course
Annual Purchasing Card Training

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Uploaded on
January 6, 2026
Number of pages
21
Written in
2025/2026
Type
Exam (elaborations)
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