Financial Accounting > QUESTIONS & ANSWERS > DoD Government wide Commercial Purchase Card, CLG 0010. Questions with accurate answers. Graded A+ (All)

DoD Government wide Commercial Purchase Card, CLG 0010. Questions with accurate answers. Graded A+

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DoD Government wide Commercial Purchase Card, CLG 0010. Questions with accurate answers. Graded A+ Which of the following terms is defined as "the intentional use of the Government-issued charge ca... rd in violation of applicable regulations"? - Ans-Abuse Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? - Ans-Quicker Payments Increased Funding Increased Information Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? - Ans-Certifying Officer What are two advantages of the Procurement Integrated Enterprise Environment? - Ans-??? Improves Data Quality and Access Reduces DoD Operating Costs When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase - Ans-Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - Ans-False Authorized uses of the Governmentwide Commercial Purchase Card include: - Ans-Ordering Officer purchases and payments Commercial training requirements using the SF-182 Existing Government contracts Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? - Ans-a. Interest penaltiesb. Automatic suspension of accountsc. Disruption to Government purchases what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? - Ans-??? [Show More]

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