CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022(100% scored)

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CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022(100% scored) 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? Correct Answer- 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 Correct Answer- 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. Correct Answer- False Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? Correct Answer- Receipt Invoice Which three of the following are cardholder considerations before purchase? Correct Answer- 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. Correct Answer- Internal FraudSplitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: Correct Answer- 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? Correct Answer- Frustrated Freight Whose Responsibility is it to comply with government agency standards of conduct? (Select the three that apply) Correct Answer- 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. Correct Answer- Must be According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Correct Answer- 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? Correct Answer- 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 Correct Answer- 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? Correct Answer- Nine ///// Five/////Which three of the following are advantages of using the Governmentwide commercial purchase card? Correct Answer- Increased information Quicker Payment Increased Funding ///////////// What are three authorized uses of the Governmentwide Commercial Purchase Card? Correct AnswerOpen-Market Micro-Purchases Ordering officer purchases and payments Contract payment Commercial Training requirements using the SF-182-New 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? Correct Answer- At or below the micro-purchase Threshold from any vendor-Correct At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank 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. ///- This one is correct/ Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles //// What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions Correct AnswerInsight on Demand (IOD) What are three examples of abuse of the Governmentwide Commercial Purchase Card? Correct AnswerViolating a specific-use Policy Exceeding the applicable micro-purchase ThresholdSplitting requirements to avid card thresholds 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? Correct Answer- 90 Days 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 Correct Answer- True Which three of the following statements about convenience checks are true Correct AnswerConvenience checks must be secured in a locked container the Cardholder can dispute a convenience check after payment has been made Funds must be available to cover the check value and the banks processing fee ////////// Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? Correct Answer- Reconcile the monthly statement of account Who's Responsibility is it to comply with government agency standards of conduct Correct AnswerApproving/billing Officer Agency/organization program coordinator Supervisor If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must Correct Answer- Ensure approximate shipping information ans been provided /////// [Show More]

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