Exam QUESTIONS AND
VERIFIED CORRECT
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who is responsible for verifying proof of delivery for all govermentwide commercial purchase
card transactions during the monthly transaction review? - CORRECT ANSWER-approving/billing
official
what is the cardholder statement of account? - CORRECT ANSWER-A document reflecting all
purchases and credits that have been posted to the CH's account during a 30-day billing cycle.
cardholers who have been formally granted the appropriate authority in their letter of
delegation may use the govermentwide commercial purchase card to make simplified
aquisitions up to $25000 outside the united states and its jurisdictions. - CORRECT ANSWER-
true
which three of the following describe the governmentwide commercial purchase card? -
CORRECT ANSWER-1. used to make mission-essential purchases 2. similar in nature to a
commercial credit card 3. reduced invoicing costs
cardholders may be granted authority to use their governmentwide commercial purchase card
accounts to make payments against contracts - CORRECT ANSWER-true
which of the following terms is defined as "the intentional use of the government-issued charge
card in violation of applicable regulations"? - CORRECT ANSWER-abuse