Purchase Card Overview Exam
In order to use the GPC for simplified accusations up to $25,000 outside the United
States and its jurisdictions, the card holder, merchant, and supply/delivery acquisition
must be outside the United States and its jurisdictions - Answer True
Executive orders 12674 and 12731 for the foundational policy on ethical conduct a
federal employees. All of the following are violations of these executive orders except: -
Answer Making authorized commitments
Which of the following to find WASTE with regard to the Government Travel Card Abuse
Prevention Act? - Answer It is defined as "to use or expend carelessly, extravagantly, or
for no beneficial purpose"
The term FRAUD includes unauthorized actions by both card holders in merchant's. -
Answer True
Which of the following is the term for shipment of supplies or equipment that is delayed
on the transportation chain will not move in to our problems are resolved? - Answer
Frustrated Freight
Penalties prescribed for employee misuse of purchase cards or convenience check
include dismissal of the employee. - Answer False
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? - Answer 15
Which of the following is NOT an advantage of using the GPC? - Answer Increased
Funding.
Which of the following is not a cardholder responsibility in the GPC program? - Answer
Terminate the GPC account.
The secretary defense authorize an increase 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 the price of $10,000. -
Answer False
How long does foreign military sales documentation have to be retained following case
closure? - Answer 10 years
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? - Answer All of these