CLG 0010 Exam 100- CORRECT SPRING QUESTION AND ANSWERS VERIFIED 100% CORRECT |A GRADE|.

CLG 0010 Exam 100- CORRECT SPRING QUESTION AND ANSWERS VERIFIED 100% CORRECT |A GRADE|. 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 jurisdictions- ANSWERS 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 threshold- ANSWERS 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 Which three of the following statements about convenience checks are true?ANSWERS-A. Funds must be available to cover the check value and the bank's processing fee B. Convenience checks must be secured in a locked container C. The Cardholder can request that the bank "stop payment" on a check The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases-ANSWERS-True 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?- ANSWERS-Frustrated freight Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? ANSWERSDaily Data Mining (DM) Case Reviews Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program?-ANSWERS-A. Complete appropriate training B. Reconcile the monthly Statement of Account C. Ensure transactions are made with responsible merchants Which of the following actions will be taken for failure to certify a Managing Account (MA) Billing Statement within 90 days of the billing cycle end date?-ANSWERS- Automatic suspension of all Cardholder (CH) accounts What is Step 2 of the Governmentwide Commercial Purchase Card Program process?- ANSWERS-Identify the requirement and ensure it fulfills a mission essential need What is the Cardholder Statement of Account?-ANSWERS-A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle