CLG 0010 DoD Government wide Commercial Card Exam Questions and answers. Rated A+

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CLG 0010 DoD Government wide Commercial Card Exam Questions and answers. Rated A+ 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 management internal controls? - Ans-Daily Data Mining Case Reviews ////// Semi-annual head of activity reviews//// Procurement Management Reviews/////// How Long does Foreign Military Sales Documentation have to be retained following a case closure - Ans- 6 Years and 3 Months //////// 8Years//// 6 Years////// 10 Years An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. - Ans-False Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? - Ans-Receipt Invoice Which three of the following are cardholder considerations before purchase? - Ans-Obtain Approval from the Agency/Organization Program Coordinator Ensure adequate and appropriate funds are available-Correct Determine if any special requirements or approvals are required.-Correct Check for availability from required sources-Correct ///////////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. - Ans-Internal Fraud Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: - Ans-Strictly Prohibited Which of the following is the term for a shipment of supplies or equipment that is delayed along the transportation chain and will not move until all problems are resolved? - Ans-Frustrated Freight Whose Responsibility is it to comply with government agency standards of conduct? (Select the three that apply) - Ans-Supervisor Approving/Billing officer Agency/Organization Program Coordinator 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. - Ans-Must be According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? - Ans-Recovery of costs from governmentwide commercial Purchase Card officials Increased data surveillance Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - Ans-Increased Scrutiny 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 - Ans-Name of the requestor Total Dollar Value of the transaction Date on which the item/service was ordered How many cardholder accounts may be rolled up under a managing account? - Ans-Nine /////Five///// Which three of the following are advantages of using the Governmentwide commercial purchase card? - Ans-Increased information Quicker Payment Increased Funding ///////////// What are three authorized uses of the Governmentwide Commercial Purchase Card? - Ans-Open-Market Micro-Purchases Ordering officer purchases and payments Contract payment Commercial Training requirements using the SF-182-New [Show More]

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