/////////////. 1. ///- This one is correct/ The contractor (hereinafter referred to as the "Servicing Bank") provides commercial GPCs and associated services. 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? purchasing items or extra quantity of items for resale or to give away to relatives By Tessa 6 months ago Exam $8 1 Governance> Exam > GOVT 407 Exam 3 questions-and-answers-solution-test-exam- (All) Monthly Agency/organization program coordinator reviews///// - 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? The Army issues a task order to the servicing bank for its GPC services. It's equivalent to a commercial credit card and it's only given to authorized agency employees. A Governmentwide commercial purchase card charge authorizes the third party (e.g., financial institution) that issued the purchase card to make immediate payment to the contractor. Building B: Lease for 25 years with annual lease payments of$69,000 being made at the beginning of the year. (c) The clause at 52.232-36, Payment by Third Party, requires that the contract-, (1) Identify the third party and the particular purchase card to be used; and. (Select the three that apply). Ordering officer purchases and payments Reduced Invoicing Costs In which building would you recommend that The Black Knights Inc. locate, assuming a 12% cost of funds? How many cardholder accounts may be rolled up under a managing account? "Micro-purchase" means an acquisition of supplies or services in which the aggregate amount does not exceed $3,000, Interim Rule. answer. Terms of Use CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Document Content and Description Below 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 da . Which two of the following must be included in supporting documentation for all Governmentwide Commercial Purchase Card transactions? -Adverse personnel actions is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. What is the objective of operational planning? 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 At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank - Frustrated Freight The cardholder must . Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Is a felonious act of corruption or attempt to cheat the government (1) A Governmentwide commercial purchase card program is a program that is authorized pursuant to a delegation of contracting authority and designation as a DoD contracting activity for the purpose of streamlining the purchase and payment processes for supplies and services by use of a Government-issued purchase card. -Ordering Officer appointments are distinct from Governmentwide Commercial Purchase Card Carholder appointments. Automatic suspension of accountsc. One of the most useful resource available is 24/7 access to study guides and notes. (iv) The contracting officer may take steps to authorize payment by Governmentwide commercial purchase card when a contractor alerts the contracting officer that the SAM debt flag indicator has been changed to no longer show a delinquent debt. how many days of the billing cycle end date? 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 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? Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. what are two advantages of the procurement integrated enterprise environment? An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. This guide is a general framework work for auditing Government Purchase Card programs. avoid prompt payment interest Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. 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 A Governmentwide commercial purchase card charge authorizes the third party ( e.g., financial institution) that issued the purchase card to make immediate payment to the contractor. These procedures include program controls and invoice payments. Section 4510Authority. When you get back to the office, you realize that the envelope size will not meet the What is the artificial intelligence Data Mining platform that automatically analyzes 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. Several personnel in your office have 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. -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures Total Dollar Value of the transaction CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022(100% scored) Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves . According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation? How is stock market performance evaluated? 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 FAR 13.301 -- Governmentwide commercial purchase card. I dont know, Answers are wrong. This building is larger than needed; however, the excess space can be sublet for 25 years at a net annual rental of$7,000. -Splitting requirements to avoid card thresholds. According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Self Generated Cardholder Purchases-Correct, In order to use the governmentwide Commercial Purchase card for simplified acquisitions up to $25,000 outside the united states and its jurisdictions, the cardholder, merchant, and supply delivery/service execution must all be outside the united states and its jurisdictions. Increased Funding ncI(c$@ gX Add to Cart, CLG0010/ CLG 001, CLG 0010 DoD Governmentwide Commercial Card Exams_updated 2022(Defense Acquisition University), All Answered, $24.95 a merchant. This memo establishes a deadline of December 31, 2021 for all DoD Governmentwide Commercial Purchase Card (GPC) personnel to use the Procurement Integrated Enterprise Environment (PIEE) Single Sign-On (SSO) capability to log in to U.S. Bank's Access Online, and for Agency/Organization Program Coordinators to use their PIEE Task Queue (PTQ) in Which of the following actions will be taken for failure to certify a Man- aging Account (MA) Billing Statement within 90 (i) When it is contemplated that the Governmentwide commercial purchase card will be used as the method of payment, and the contract or order is above the micro-purchase threshold, contracting officers are required to verify by looking in the System for Award Management (SAM) whether the contractor has any delinquent debt subject to collection under the Treasury Offset Program (TOP) at contract award and order placement. /////////// Defrauding the government Target Attendees When reporting a card or checks lost or stolen, the Cardholder (CH) should first notify: 10 U.S.C. Check for availability from required sources-Correct \text{Dec (62,000 units at \$68)..} & \text{4,216,000 }\\ USAID Worldwide Purchase Card Program Functional Series 300 - Acquisition & Assistance. 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? A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within how many days of the billing cycle end date? In order to do so, Black Knights has decided to locate a new factory in the Panama City area. These procedures will address requirements related to which three of the following? Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. (c) The Governmentwide commercial purchase card may be used to - (1) Make micro-purchases; (2) Place a task or delivery order (if authorized in the basic contract, basic ordering agreement, or blanket purchase agreement); or (3) Make payments, when the contractor agrees to accept payment by the card (but see 32.1108 (b) (2) ). Federal law requires that funds must be available before any government purchase is made. Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Now is my chance to help others. Prepare the stores income statement for the year ended January 31, 2012. It helped me a lot to clear my final semester exams. The store accrued income tax at the rate of 40%. acquisitions up to $25,000 outside the United States and its jurisdictions, the. Paying for repairs of privately owned equipment, in step 12 of the governmentwide commercial purchase card program process, what are three Situations in which the acceptor must ensure written independent receipt and acceptance, Purchase of accountable property 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. 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 COM. Total Dollar value of the transaction the United States and its jurisdictions. What are three examples of misuse of the governmentwide commercial Purchase card? - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? 20 laptops at $500 each for a total price of $10,000. Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official 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? 6 Years////// Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. POLICY. Management's (OPM) purchase card program. Defined as `` the intentional use of the following is a general framework work for auditing Purchase... Management & # x27 ; s ( OPM ) Purchase Card accounts to payments. 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