LG 00 10 Exam 100 -CORRECT SPRING 2023 LATEST UPDATES QUESTION AND ANSWERS A GRADE

0 -CORRECT SPRING 2023 LATEST UPDATES QUESTION AND ANSWERS A GRADE. 90 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? ANSWERS Internal Fraud Which of the following is an agreement that is not binding solely because the Government representative who made it lacked the a uthority to enter into that agreement on behalf of the government? ANSWERS Unauthorized commitment 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations ANSWERS False What is the ar tificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high risk transactions ANSWERS Insight on Demand (IOD) Authorized uses of the Governmentwide Commercial Purchase Card include (select three) ANSWERS a. Ordering Officer purchases and payments b. Existing Government contracts c. Commercial training requirements using the SF 182 Which of the following terms is defined as "the international use of the Government issued cha rge card in violation of applicable regulations"? ANSWERS Abuse How many Cardholder accounts may be rolled up under a Managing Account? ANSWERS Seven 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. You agree to make the purchase, and the construction co mpany accepts your Governmentwide Commercial Purchase Card as the method of purchase. What did you do wrong? ANSWERS You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000 Because they are a potential in dicator of misuse, abuse, or fraud, delinquent accounts are subject to what? ANSWERS Increased scrutiny What must the Cardholder do to become qualified to make Governmentwide Commercial Purchase Card purchases up to $25,000 outside of the United States and its jurisdictions?-ANSWERS-The Cardholder must receive customized training Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program?-ANSWERS-Reconcile the monthly Statement of Account Which of the following is an appropriate circumstance for using a convenience check?- ANSWERS-A merchant does not accept payment by credit card How long does Foreign Military Sales documentation have to be retained following case closure?-ANSWERS-10 years 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.-ANSWERS-True Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts.-ANSWERS-True 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.-ANSWERS-True Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks.-ANSWERS-False 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?-ANSWERS-A. Small business B. competition C. public notification Which three of the following constitute Cardholder fraud?-ANSWERS-a. A Cardholder's unauthorized purchase of power tools for personal use b. Paying for repairs of privately owned equipment c. Purchasing items or extra quantity of items for resale or to give away to relatives 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?- ANSWERS-a. Name of the requestor b. Date on which the item/service was ordered c. Total dollar value of the transaction Whose responsibility is it to comply with Government agency Standards of Conduct? (Select the three that apply.)-ANSWERS-a. Supervisor b. Agency/Organization Program Coordinator Approving/Billing Officer Frustrated freight may never reach the intended recipient-ANSWERS-True Failure to certify a Managing Account Billing Statement is a timely manner results in what three things?-ANSWERS-a. Interest penalties b. Automatic suspension of accounts c. Disruption to Government purchases Which three of the following describe the Governmentwide Commercial Purchase Card?-ANSWERS-a. Similar in nature to a commercial credit card b. Reduced invoicing costs c. Used to make mission-essential purchases 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?-ANSWERS-Credit to your Cardholder account According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation.-ANSWERS-a. Adverse personnel actions b. Recovery of cost from Governmentwide Commercial Purchase Card officials 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 jurisdictionsANSWERS-True 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.-ANSWERS-Must be What are three advantages of using the Governmentwide Commercial Purchase Card?- ANSWERS-A. Enables the Government to earn refunds B. Gives DoD access to information about what its Components buy C. Reduces DoD invoicing costs 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?-ANSWERS-3 Which three items describe external fraud?-ANSWERS-a. Is a felonious act of corruption or attempt to cheat the Government b. Includes billing for items not ordered c. Is committed by someone other than charge card program officials An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase thresholdANSWERS-False Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier-ANSWERS-False Suspected ethics violations should be reported to:-ANSWERS-The supervisor When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase-ANSWERS-Construction services over $2,000 What are three authorized uses of the Governmentwide Commercial Purchase Card?- ANSWERS-a. Open-market micro-purchases b. Contract payments c. Ordering Officer purchases and payments Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card?-ANSWERS-Quicker payments Which of the following information must be included on detailed/itemized receipts? (Select two)-ANSWERS-a. Date of purchase b. Name of merchant Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following?-ANSWERS-Review and ensure all Cardholder supporting documentation supports the payment Which of the following is a reason that 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:-ANSWERS-Avoid prompt payment interest What is the Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments?-ANSWERS-Joint Appointment Model (JAM) Which Governmentwide Commercial Purchase Card Program mandatory oversite procedure includes a consolidation of the previous six Monthly Agency/Organization Program Coordinator (A/OPC) Reviews-ANSWERS-Semi-Annual Head of Activity Reviews