CLG 0010 DoD Governmentwide Commercial Card Exam(ALREADY GRADED A+)

Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and management internal controls? Correct answer- Daily Data Mining Case Reviews ////// Semi-annual head of activity reviews//// Procurement Management Reviews/////// How Long does Foreign Military Sales Documentation have to be retained following a case closure Correct answer- 6 Years and 3 Months //////// 8Years//// 6 Years////// 10 Years An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Correct answer- False Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? Correct answer- Receipt Invoice Which three of the following are cardholder considerations before purchase? Correct answer- Obtain Approval from the Agency/Organization Program Coordinator Ensure adequate and appropriate funds are available-Correct Determine if any special requirements or approvals are required.-Correct Check for availability from required sources-Correct /////////// 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. Correct answer- Internal Fraud Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: Correct answer- Strictly Prohibited 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? Correct answer- Frustrated Freight Whose Responsibility is it to comply with government agency standards of conduct? (Select the three that apply) Correct answer- Supervisor Approving/Billing officer Agency/Organization Program Coordinator 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. Correct answer- Must be According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Correct answer- Recovery of costs from governmentwide commercial Purchase Card officials Increased data surveillance Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Correct answer- Increased Scrutiny 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 Correct answer- Name of the requestor Total Dollar Value of the transaction Date on which the item/service was ordered How many cardholder accounts may be rolled up under a managing account? Correct answer- Nine ///// Five///// Which three of the following are advantages of using the Governmentwide commercial purchase card? Correct answer- Increased information Quicker Payment Increased Funding ///////////// What are three authorized uses of the Governmentwide Commercial Purchase Card? Correct answer- Open-Market Micro-Purchases Ordering officer purchases and payments Contract payment Commercial Training requirements using the SF-182-New 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? Correct answer- At or below the micro-purchase Threshold from any vendor-Correct At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank Above or below the micro-purchase threshold against contract vehicles issued for the component by contracting officer that contain a provision authorizing order and payment by the governmentwide commercial purchase card. ///- This one is correct/ Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles //// What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions Correct answer- Insight on Demand (IOD) What are three examples of abuse of the Governmentwide Commercial Purchase Card? Correct answer- Violating a specific-use Policy Exceeding the applicable micro-purchase Threshold Splitting requirements to avid card thresholds 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? Correct answer- 90 Days 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 Correct answer- True Which three of the following statements about convenience checks are true Correct answer- Convenience checks must be secured in a locked container the Cardholder can dispute a convenience check after payment has been made Funds must be available to cover the check value and the banks processing fee ////////// Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? Correct answer- Reconcile the monthly statement of account Who's Responsibility is it to comply with government agency standards of conduct Correct answer- Approving/billing Officer Agency/organization program coordinator Supervisor If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must Correct answer- Ensure approximate shipping information ans been provided /////// 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? Correct answer- Dame of the requestor Total Dollar value of the transaction Date on which the item/service was ordered 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. 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 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? Correct answer- Unauthorized Commitment Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? Correct answer- Complete appropriate Training Ensure transactions are made with responsible merchants Reconcile the monthly statement of account what are two advantages of the procurement integrated enterprise environment? Correct answer- Reduces DoD Operating costs Improves data quality and access Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? Correct answer- Supervisors Which of the following describe the Governmentwide commercial purchase card? Correct answer- Reduced invoicing costs Similar in nature to a commercial credit card used to make mission-essential purchases Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Correct answer- False Which three of the following statements are true? Correct answer- Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments No Ordering officer may be appointed until they have received training commensurate with their delegated authority Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. 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. Which of the following are you authorized to accept? Correct answer- Credit to your cardholder account 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 (Select the three that apply) Correct answer- Avoid Pecuniary Liability- Correct Decrease penalties for faulty disputes avoid prompt payment interest Allow for maximum refunds- New ///// Frustrated freight may never reach the intended recipient Correct answer- True Which of the following is an appropriate circumstance for using a convenience check? Correct answer- 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. Several Personnel in your office have been needing new laptops, so this is a good time to take advantage of the increase and purchase 20 laptops at $500 each, for a total price of $10,000 Correct answer- False 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 Correct answer- Avoid Prompt payment interests Decrease penalties for faulty disputes avoid pecuniary liability 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations Correct answer- True Which three of the following constitute cardholder fraud Correct answer- A cardholder's unauthorized purchase of power tools for personal use purchasing items or extra quantity of items for resale or to give away to relatives Paying for repairs of privately owned equipment in step 12 of the governmentwide commercial purchase card program process, what are three Situations in which the acceptor must ensure written independent receipt and acceptance Correct answer- Purchase of accountable property Transactions where the governmentwide commercial purchase card is used as a method of payment Self Generated Cardholder Purchases-Correct 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 Correct answer- true Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Correct answer- Interest penalties Automatic suspension of accounts Disruption to Government Purchases What are three advantages of using the governmentwide commercial purchase card? Correct answer- Gives DoD access to information about what its components buy Reduces dod invoicing costs Enables the government to earn refunds Which two statements about managing accounts are true Correct answer- Require a Primary Approving/billing Official Are used to roll up cardholder accounts-New Whos responsibility is it to comply with Government agency standards of conduct Correct answer- Agency/Organization Program Coordinator Approving/billing Officer Merchant What is the first step to follow when a cardholder becomes aware of a lost or stolen card or check Correct answer- Determine when and where the card/checks were last seen////// What are three examples of misuse of the governmentwide commercial Purchase card? Correct answer- Purchasing office supplies for home use Failing to certify "Purchase Card Certification Statements" on time Violating a specific-Use Policy 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? Correct answer- Procurement Business intelligence service (PBIS) ///// When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase Correct answer- Construction services over $2,000 Which three of the following describe the Governmentwide Commercial Purchase Card? Correct answer- Reduced Invoicing Costs Used to make mission-Essential Purchases Similar in nature to a commercial credit card 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. 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? Correct answer- Ensure adequate Funds are available to make the payment Review and ensure all cardholder supporting documentation supports the payment Suspected ethics violations should be reported to: Correct answer- supervisor Who is responsible for verifying proof of delivery for all governmentwide purchase card transactions during the monthly transaction review? Correct answer- Approving/Billing offical Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? Correct answer- Agency/Organization Program Coordinator//// In the event that a cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true Correct answer- The Bank must close the account the cardholder temporarily loses card privilege's The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. These procedures will address requirements related to which three of the following? Correct answer- Small Business Vendor change card scanning capabilities Competition-Correct Public Notification-Correct I dont know, Answers are wrong Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. what are three violations of these executive orders? Correct answer- Defrauding the government using public office for private gain giving preferential treatment to any person or organization A Best practice calls for the cardholder to reconcile transactions in the statement of account within how many days of the billing cycle end date? Correct answer- 3 Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? Correct answer- Semi-Annual Head of activity Reviews///// Monthly Agency/organization program coordinator reviews///// Internal Control Reviews///// At 90 days past due, what happens to all cardholder accounts associated with a managing account Correct answer- Automatically Suspended Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? Correct answer- Internal Control Review///// Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier Correct answer- False You receive a request to purchase construction services. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. what did you do wrong? Correct answer- You made a purchase for construction with the governmentwide commercial purchase card that exceeded $2,000 Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. Correct answer- True Which three items describe external fraud Correct answer- Includes billing for items not ordered Is a felonious act of corruption or attempt to cheat the government is committed by someone other than charge card program officials