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. Quicker Payment (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). CLG 0010 DOD GOV. Similar in nature to a commercial credit card T01.E02, open market micro-purchase By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 used to make mission-essential purchases. Paying for repairs of privately owned equipment CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. In step 10 of the Governmentwide Commercial Purchase Card Program, what arr three pieces of information that should be included in the Cardholder Purchase Log? Must not be Must be Is occasionally None of . C. The Cardholder can request that the bank "stop payment" on a check, The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. What are three authorized uses of the Governmentwide Commercial Purchase Card? Automatic suspension of accounts -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. Violating a specific-use Policy How long does Foreign Military Sales documentation have to be retained following case closure? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. Includes billing for items not ordered According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? b. sensorineural hearing loss \hline 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? Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? ( 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). Which three of the following describe the Governmentwide Commercial Purchase Card? -, 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. involved a purchase amount above the micro-purchase threshold. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? In 2011, national health care The accountant will use a sample of future weekend guest bills to test the manager's claim. The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is $600\$ 600$600 or less. Any exams in this course must be passed with a minimum score of 80%. Purchasing office supplies for home use test_prep. B. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. The government is not relieved of its obligation to pay for valid transactions made prior to the loss C. Reduces DoD invoicing costs. Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. What is the artificial intelligence Data Mining platform that automatically analyzes Total truck depreciation is $200,000 per year. There is no time limit for completing this course. 300. points. 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. Complete appropriate Training ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. Is a felonious act of corruption or attempt to cheat the Government 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). 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 (Select the three that apply), Avoid Pecuniary Liability-Correct transactions? Objectives Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. . a. At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? In five years, the value of Hybrid Golf is expected to be$270 million. 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. 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. 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. \quad\text{Basic}& 702,987 &687,910\\ CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 2022 100% CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Which of the following is an appropriate circumstance for using a convenience check? Similar in nature to a commercial credit cardb. requirement, so you return the item to the merchant. Increased data surveillance. Self Generated Cardholder Purchases-Correct, 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. 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 policies. PUR. employee reimbursement by miscellaneous payment. the Cardholder must: T05.E05. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. 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 . DoD Govenmentwide Commercial Purchase Card Overview Exam.docx. PUR. Which three items describe external fraud? 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? Total Dollar Value of the transaction Supervisor, If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must, Ensure approximate shipping information ans been provided ///////. Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? B. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. What are three examples of misuse of the governmentwide commercial Purchase card? Bryce has prepared the following pro forma financial statements for Hybrid Golf assuming the merger takes place. Company Registration Number: 61965243 Giving preferential treatment to any person or organization Defence Acquisition University CLG 0010 DoD Governmentwide Commercial Card Exam | 70 Questions with 100% Correct Answers 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. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. CLG 001. test_prep. Which three of the following constitute cardholder fraud? may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its 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? Bundle contains 3 documents. Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles Review and ensure all Cardholder supporting documentation supports the payment. -Paying for repairs of privately owned equipment 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 price-icon . After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. Franklin will pay the entire note (principal and interest) on the notes maturity date. TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip 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) COM. c. Used to make mission-essential purchases. CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Institution. a. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. c. Is committed by someone other than charge card program officials, An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? CLG 0010 DoD Governmentwide Commercial Card Exam/ How Long does Foreign Military Sales Documentation have to be retained following a case closure An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Mathematics is the study of numbers, shapes, and patterns. At 90 days past due, what happens to all Cardholders accounts associated with a Managing Consider the following: a. the problem of gridlock b. the increase in the size of the United States. A. If an item is used in two places in a bill-of-materials, say level 3 and level 4, what low-level code would be assigned to the item? View more. UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. Contract payment (b) Use the graph of f(x)f^{\prime}(x)f(x) to determine where f(x)>0f^{\prime \prime}(x)>0f(x)>0, where f(x)<0f^{\prime \prime}(x)<0f(x)<0, and where f(x)=0f^{\prime \prime}(x)=0f(x)=0. Reconcile the monthly Statement of Account. b. What is the procurement integrated enterprise environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointment? Identify the requirement and ensure it fulfills a mission essential need. The financial statements include all synergistic benefits from the merger. An unauthorized commitment is an agreement that is not binding solely because the agreement Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. what did you do wrong? d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. an Managing Account Billing Statement. a. DoD's Governmentwide Commercial Purchase Card data to identify high-risk Splitting what would have been an $11,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true? Purchasing items or extra quantity of items for resale or to give away to relatives. 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? Reduced invoicing costs Which three of the following describe the Governmentwide Commercial Purchase Card? Click the card to flip Definition 1 / 23 ? Clg 0010 dod governmentwide commercial purchase card. You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. f(x)f^{\prime}(x)f(x) and its graph are given. price-icon. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. -Purchasing power tools for personal use Reduces dod invoicing costs Similar in nature to a commercial credit card Gives DoD access to information about what its components buy CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. 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. Sorry if its hard to read as well. A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? Whose responsibility is it to comply with Government agency Standa. Suspected ethics violations should be reported to: A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within Which three of the following are cardholder considerations before 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? Which of the following information must be included on detailed/itemized receipts? who is responsible for making regular reviews of existing cardholders and their monthly spending limit, in step 12 of the governmentwide commercial purchase card program process, what are three, Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment Is a felonious act of corruption or attempt to cheat the government PUR. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? 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? Prepare a graph for raw materials. Write an exponential function that models the Several personnel in your office have How many Cardholder accounts may be rolled up under a Managing Account? Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? 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? A Cardholder's unauthorized purchase of power tools for personal useb. PUR. &\textbf{2013}&\textbf{2012}\\ certificate that costs $25. T04.E02. b. Obtain Approval from the Agency/Organization Program Coordinator. 6. Privacy Statement, Stuvia is not sponsored or endorsed by any college or university, Pennsylvania State University - All Campuses, Rutgers University - New Brunswick/Piscataway, University Of Illinois - Urbana-Champaign, Essential Environment: The Science Behind the Stories, Everything's an Argument with 2016 MLA Update, Managerial Economics and Business Strategy, Primates of the World: An Illustrated Guide, The State of Texas: Government, Politics, and Policy, IELTS - International English Language Testing System, TOEFL - Test of English as a Foreign Language, USMLE - United States Medical Licensing Examination, CLG 0010 EXAM - QUESTIONS & ANSWERS (SPRING 2022).
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