Commercial Purchase Card Overview
Exam correctly answered to pass
True - correct answer ✔✔ 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
Making authorized commitments - correct answer ✔✔ 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:
It is defined as "to use or expend carelessly, extravagantly, or for no beneficial purpose" - correct
answer ✔✔ Which of the following to find WASTE with regard to the Government Travel Card
Abuse Prevention Act?
True - correct answer ✔✔ The term FRAUD includes unauthorized actions by both card holders
in merchant's.
Frustrated Freight - correct answer ✔✔ 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?
False - correct answer ✔✔ Penalties prescribed for employee misuse of purchase cards or
convenience check include dismissal of the employee.
15 - correct answer ✔✔ 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?
, Increased Funding. - correct answer ✔✔ Which of the following is NOT an advantage of using
the GPC?
Terminate the GPC account. - correct answer ✔✔ Which of the following is not a cardholder
responsibility in the GPC program?
False - correct answer ✔✔ 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.
10 years - correct answer ✔✔ How long does foreign military sales documentation have to be
retained following case closure?
All of these - correct answer ✔✔ 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?
All of these - correct answer ✔✔ Which of the following must be included in supporting
documentation for all GPC transactions?
30 days - correct answer ✔✔ If transactions not made by the cardholder appear on the
statement of account, the card holder she disputing with the card issuing bank within how many
days a transaction date?
A purchase exceeds the micro purchase threshold. - correct answer ✔✔ Which of the following
is an appropriate circumstance for using a convenience check?