CLG 0010 EXAM QUESTIONS AND ANSWERS VERIFIED 100% CORRECT

CLG 0010 EXAM QUESTIONS AND ANSWERS VERIFIED 100% CORRECT Which three of the following are advantages of using the government wide Commercial Purchase Card? - ANSWER- Quicker Payments Increased Funding Increased Information Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? - ANSWER- Certifying Officer What are two advantages of the Procurement Integrated Enterprise Environment? - ANSWER- ??? Improves Data Quality and Access Reduces DoD Operating Costs When using a government wide Commercial Purchase card, which of the following is a prohibited purchase - ANSWER- Construction services over $2,000 Every government wide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - ANSWER- False Authorized uses of the government wide Commercial Purchase Card include: - ANSWER- Ordering Officer Purchases and payments Commercial training requirements using the SF-182 Existing Government contracts Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? - ANSWER- a. Interest penalties. Automatic suspension of accounts Disruption to Government purchases what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? - ANSWER- ??? Determine when and where the card/checks were last used. Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the Government wide Commercial Purchase Card to make Simplified acquisitions up to $25,000 outside the United States and its jurisdictions - ANSWER- True Suspected ethics violations should be reported to: - ANSWER- The Supervisor DoD policy allows for government wide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to - ANSWER- Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest Which of the Government wide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews - ANSWER- Semi-Annual Head of Activity Reviews The secretary defense authorizes an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Several personnel in your office have needed 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 who is responsible for making regular reviews of existing cardholders and their monthly spending limit - ANSWER- supervisors In step 12 of the government wide commercial purchase card program process, what are three - ANSWER- Transactions where the Government wide Commercial Purchase Card is used as a method of payment Purchase of accountable property Purchases valued at more than $2,000 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? - ANSWER- Small business competition public notification Cardholders may be granted authority to use their Government wide Commercial Purchase Card accounts to make payments against contracts. - ANSWER- True which three of the following are cardholder considerations before purchase? - ANSWER- ??? Obtain approval Ensure Determine 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? - ANSWER- Internal Fraud 10 United States Code 2784 requires specific corrective actions for Government wide Commercial Purchase Card Program violations - ANSWER- False Which two of the following must be included in supporting documentation for all government wide commercial purchase card transactions - ANSWER- ??? Invoice Receipt Frustrated freight may never reach the intended recipient - ANSWER- True Who is responsible for verifying proof of delivery for all government wide commercial purchase card transactions during the monthly transaction review? - ANSWER- approving/billing official What is the cardholder statement of account? - ANSWER- A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. Cardholders who have been formally granted the appropriate authority in their letter of delegation may use the government wide commercial purchase card to make simplified acquisitions up to $25000 outside the United States and its jurisdictions. - ANSWER- true Which three of the following describe the government wide commercial purchase card? - 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 government wide commercial purchase card accounts to make payments against contracts - ANSWER- true