CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. grow at an average annual rate of 5.7% for 2011 T07.E02, When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchaseT06.E01, What is the Cardholder Statement of Account? 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. T07.E01, failing to certify Purchase Card Certification Statements" on time 20 laptops at $500 each for a total price of $10,000. In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? -, ANSWER-A merchant does not accept payment by credit card, How long does Foreign Military Sales documentation have to be retained following case, 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. COM. b. T05.e01. Which three of the following describe the Governmentwide Commercial Purchase Card? Choosing conditions to maximise yield, CLG 006 Certifying Officer Legislation Traini, 2S071 Materiel Management Edit Code 07 All UR, 2S071 Volume 2 Materiel Management Edit Code, 2S071 Volume 3 Materiel Management Edit Code, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Operations Management: Sustainability and Supply Chain Management, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, HORRIBLE HISTORIES - Rotten Romans - Basic Ti. You are interested in purchasing the common stock of Azure Corporation. 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? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Students also viewed (Select two). What is the Cardholder Statement of Account? Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip \text{Weighted average number of shares outstanding (in thousands)}\\ If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? Splitting requirements to avid card thresholds. Must not be Must be Is occasionally None of . COM. How long does Foreign Military Sales documentation have to be retained following case closure? Ordering Officer purchases and payments, c. Commercial training requirements using the SF-182, Which of the following terms is defined as "the international use of the Government-, issued charge card in violation of applicable regulations"? In step 10 of the governmentwide commercial purchase card program, what are three pieces of information that should be included in the cardholder purchase log, Name of the requestor Used to make mission-Essential Purchases . Prepare a graph for truck depreciation. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. When a merchant does not accept payment by credit card. Both companies have niche markets in the golf club industry, and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing, as well as significant savings in general and administrative expenses. Interest penalties c. Used to make mission-essential purchases. TO DO What are three authorized uses of the Governmentwide Commercial Purchase Card? 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. According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? b. QUESTION CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Document Content and Description Below Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and managemen . Account? Date on which the item/service was ordered Which three of the following statements about convenience checks are true? a. T01.E02, open market micro-purchase 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? What are three examples of abuse of the Governmentwide Commercial Purchase Card? Which of the following are you authorized to accept? Reconcile the monthly Statement of Account - ANSWER-Increased scrutiny, 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? Slashes mean its wrong Reduced invoicing costs &\textbf{2013}&\textbf{2012}\\ Netincome(inthousands)Weightedaveragenumberofsharesoutstanding(inthousands)BasicDiluted2013$1,456,091702,987713,4562012$1,200,472687,910699,012. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. employee reimbursement by miscellaneous payment. Contract payment If required office paper is available from a mandatory source of supply (such as the Committee for Purchase from People Who Are Blind or Severely Disabled), the Cardholder must purchase the paper from the mandatory source, even if similar paper is available at a lower price from a non-mandatory source. Which two statements about Managing Accounts are true? Suspected ethics violations should be reported to: 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, Allow for maximum refunds Description The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and . Open-Market Micro-Purchases An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. 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. 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. Last week she worked h overtime hours at double time. Work in Progress 2. What is the artificial intelligence Data Mining platform that automatically analyzes CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. 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, Which three of the following statements about convenience checks are true, Convenience checks must be secured in a locked container Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Cardholders who have been formally granted the appropriate authority in their Letter of Delegation \text{Europe }&10,827&10,886\\ What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. Small business Consider the following: a. the problem of gridlock b. the increase in the size of the United States. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. T02.E01, If Commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas. Purchasing office supplies for home use. CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. This module was designed to provide individuals with a solid foundation for making Government Purchase Card (GPC) transactions in compliance with applicable laws, regulations, and policies. c. Purchasing items or extra quantity of items for resale or to give away to relatives. PUR. The study documents help you better prepare for exams and get higher grades. Unintentionally Purchasing excessive quantities of an item with limited shelf life, Failure to certify a Managing Account Billing Statement in a timely manner results in what three things?T02.E04, Disruption to Government Purchases what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? 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. T04.E02. Wat are three examples of abuse of the Government Commercial Purchase Card? yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. 1. 20 laptops at $500 each for a total price of $10,000. 3. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview 4.7 (3 reviews) Term 1 / 23 Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? B. [Show More] CLG 001 DoD Governmentwide Commercial Purchase Card Overview THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. Decrease penalties for faulty disputes 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 a total price of $10,000, 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, Avoid Prompt payment interests Failing to certify "Purchase Card Certification Statements" on time Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Which of the following is an appropriate circumstance for using a convenience check? Clg 0010 dod governmentwide commercial purchase card. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. 00 Comments Please sign inor registerto post comments. The government is not relieved of its obligation to pay for valid transactions made prior to the loss a. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. We're available through e-mail, live chat and Facebook. Hybrid Golf has 8 million shares of stock outstanding. Which three of the following statements are true? The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. - ANSWER-True, Cardholders may be granted authority to use their Governmentwide Commercial, Purchase Card accounts to make payments against contracts. Clg 0010 dod governmentwide commercial purchase card. Overseas purchases up to 25000 Whose Responsibility is it to comply with government agency standards of conduct? Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? In 2011, national health care CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Click the card to flip Definition 1 / 23 ? After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. ( c ) Verify that the given f(x)f(x)f(x) has f(x)f^{\prime}(x)f(x) as its derivative, and graph f(x)f(x)f(x) to check your conclusions in part (a). \text{Total revenues}&\underline{\underline{\$37,567}}&\underline{\underline{\$27,006}}\\ A. Obtain Approval from the Agency/Organization Program Coordinator. - ANSWER-, If transactions not made by the Cardholder appear on the Statement of Account, the, Cardholder should dispute them with the card-issuing bank within how many days of the, 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? B. Defense Acquisition University. d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? Course Hero is not sponsored or endorsed by any college or university. A Cardholder's unauthorized purchase of power tools for personal useb. 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. Ordering officer purchases and payments 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. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. employee reimbursement by miscellaneous payment. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 2022 100% CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Improves data quality and access. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? Reconcile the monthly statement of account. giving preferential treatment to any person or organization. This price is several weeks income for many families. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution c. Disruption to Government purchases. Must be What are three advantages of using the Governmentwide Commercial Purchase Card? T05.E03. CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. Whose responsibility is it to comply with Government agency Standa. Mathematics is the study of numbers, shapes, and patterns. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? &\textbf{Recent Year}&\textbf{Prior Year}\\ ///- This one is correct/ Agency/organization program coordinator : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Who is the individual for ensuring the existence, accuracy, and legality of information on Suspected ethics violations should be reported to: A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within price-icon . Supervisor Which three of the following are advantages of using the Governmentwide commercial purchase card? - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? Which three of the following describe the Governmentwide Commercial Purchase Card? what are three violations of these executive orders? 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//////. Commercial Training requirements using the SF-182-New. PUR. CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Use the vertical axis for cost and the horizontal axis for cubic yards of cement. how many days of the billing cycle end date? View more. In five years, the value of Hybrid Golf is expected to be$270 million. A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review?