After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. Slashes mean its wrong Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? \text{Europe }&10,827&10,886\\ /////////////. Automatic suspension of accounts Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? [Show More] Paying for repairs of privately owned equipmentc. ), a. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. involved a purchase amount above the micro-purchase threshold. Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. PUR. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. 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? At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank What is the artificial intelligence Data Mining platform that automatically analyzes Which of the following is an appropriate circumstance for using a convenience check? Quicker Payment a. Similar in nature to a commercial credit card After completing the course, please be sure to complete the survey at the end. We're available through e-mail, live chat and Facebook. a. 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. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? A Best practice calls for the cardholder to reconcile transactions in the statement of account within how many days of the billing cycle end date? Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? Reconcile the monthly Statement of Account Total Dollar Value of the transaction PUR. The bank must close the account Ensure transactions are made with responsible merchants Open-Market Micro-Purchases Competition-Correct How many cardholder accounts may be rolled up under a managing account? T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Who is the individual for ensuring the existence, accuracy, and legality of information on what are two advantages of the procurement integrated enterprise environment? Paying for repairs of privately owned equipment A. Above or below the micro-purchase threshold against contract vehicles issued for the component by contracting officer that contain a provision authorizing order and payment by the governmentwide commercial purchase card. (Select two). Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. -Purchasing power tools for personal use Which two statements about Managing Accounts are true? Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Reduced Invoicing Costs price-icon . Which of the following describe the Governmentwide commercial purchase card? Suspected ethics violations should be reported to: A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within 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. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? Decrease penalties for faulty disputes Are used to roll up Cardholder accounts, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. ///- This one is correct/ Which of the following are you authorized to accept? 2 b. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Agency/organization program coordinator Obtain Approval from the Agency/Organization Program Coordinator. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? B. competition Public Notification-Correct When you get back to the office, you realize that the envelope size will not meet the - ANSWER-You made a purchase for construction, with the Governmentwide Commercial Purchase Card that exceeded $2,000, Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts, are subject to what? Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? Prepare a graph for raw materials. T02.E03, 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?T05.E02, Cardholder must receive customized training, Executive Order 12674 and 12731 form the foundational policy on the ethical conduct of Federal employees. CLG 0010 Exam 100% Scored_ Spring 2022 1. \text{APMEA*}&6,391&6,020\\ Several personnel in your office have Think of some of the options you have for spending time after school--sports practice, hobby clubs, work, or extra study, for example. \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam University Nevada State College Course Community health nursing (NUR 2611) Uploaded by Micah Brian Academic year2022/2023 Helpful? Which option would you choose? Reduces DoD Operating costs At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? 00 Comments Please sign inor registerto post comments. Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? jurisdiction. Is a felonious act of corruption or attempt to cheat the government 20 laptops at $500 each for a total price of $10,000. How many Cardholder accounts may be rolled up under a Managing Account? - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. In the African nation of Senegal, to enroll in school a child needs a birth Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution Requires a Primary Approving/Billing Official Contract payments. A merchant does not accept payment by credit card. (select the three that apply), If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must, Coordinate with a transportation service support office before initiating the transaction. a. Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? COM. Exceeding the applicable micro-purchase Threshold At 90 days past due, what happens to all Cardholders accounts associated with a Managing Netincome(inthousands)Weightedaveragenumberofsharesoutstanding(inthousands)BasicDiluted2013$1,456,091702,987713,4562012$1,200,472687,910699,012. d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Increased information The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. Reduced invoicing costsc. The Cardholder must receive customized training. You made a purchase for construction with the governmentwide commercial purchase card that exceeded $2,000. Prepare a graph for truck depreciation. Semi-Annual Head of activity Reviews///// Based on this small sample, what number of observations would be necessary to determine the true cycle time with a 95%95 \%95% confidence level and an accuracy of 5%\pm 5 \%5% ? Smith Concrete Company owns enough ready-mix trucks to deliver up to 100,000 cubic yards of concrete per year (considering each trucks capacity, weather, and distance to each job). the cardholder temporarily loses card privilege's Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. T07.E01, failing to certify Purchase Card Certification Statements" on time b. f(x)=6x2x3(forf(x)=2x3x44)f^{\prime}(x)=6 x^2-x^3 \quad\left(\text { for } f(x)=2 x^3-\frac{x^4}{4}\right) &\textbf{Recent Year}&\textbf{Prior Year}\\ Small Business [Show more] Preview 2 out of 6 pages Whose Responsibility is it to comply with government agency standards of conduct? Merchant, What is the first step to follow when a cardholder becomes aware of a lost or stolen card or check, Determine when and where the card/checks were last seen//////. Objectives C. Reduces DoD invoicing costs. Using public office for private gain, Which of the Governmetnwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews?T02.E02, Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases? Which of the following is an appropriate circumstance for using a convenience check? 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.
