Exam Questions and Correct Answers |
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GPC refresher training must be taken - 🧠 ANSWER ✔✔(A) Once a year NO
(B) Twice a year
(*C*) Every two years
(D) Every three years
7 - 🧠 ANSWER ✔✔Per span of control policy, the maximum number of
Cardholder accounts an AO may oversee is
Credit balance - 🧠 ANSWER ✔✔occurs when the amount credited to an AO
account exceeds the amount billed by the bank
, Which of the following transactions may not be disputed through the bank?
- 🧠 ANSWER ✔✔(A) Returned or canceled merchandise with no credit
received
(B) Invoice amount discrepancies
(C) Duplicate billings and non-receipt of merchandise
(*D*) Convenience Check transactions
(T/F) A/OPC to AO and Cardholder accounts are not to exceed 1:300 - 🧠
ANSWER ✔✔TRUE
Approving Official authority is documented in a ___________ - 🧠 ANSWER
✔✔(A) Certificate of Appointment
(B) Appointment/Termination Record (DD Form 577)
(*C*) Letter of Appoitment
(D) Letter of Delegation (NO)
It is a federal requirement that you must maintain complete and accurate
documentation of all purchases. types of documentation that should be
maintained are: - 🧠 ANSWER ✔✔(A) Approved requirement documentation
(B) Sales receipt and merchant invoice