Which three of the following describe the Governmentwide Commercial Purchase Card? 5.04 Prohibited Purchases The purchase card must not be used for the following: Long-term rental or lease of land or buildings of any type. There's a lot here, some of the questions I didn't get to and there's till even more that I haven't seen yet. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and . (a) Except as provided in 32.1108(b)(2), the Governmentwide commercial purchase card is authorized for use in making and/or paying for purchases of supplies, services, or construction. The fiscal year of Better Buy ends each January 31. \text{Dec (62,000 units at \$68)..} & \text{4,216,000 }\\ This sales person offers to give you a gift card in the amount of the discount rather than adjusting the price. 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 True Suspected ethics violations should be reported to: The Supervisor Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? PUR. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services. Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to endstream endobj startxref the Cardholder can dispute a convenience check after payment has been made In order to use the Governmentwide Commercial Purchase Card for simplified. (Select the three that apply). -Splitting requirements to avoid card thresholds. 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? the United States and its jurisdictions. Pursuant to 10 U.S.C. : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? 25 years? - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? (Select the three that apply). This chapter prescribes procedures for all departments and federal entities that use the government purchase card. Serving as chairperson on the purchase card program's risk management team; f. Liaising on behalf of the Department with the servicing bank; g. Preparing . avoid prompt payment interest Ordering officer purchases and payments Transactions where the governmentwide commercial purchase card is used as a method of payment Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? involved a purchase amount above the micro-purchase threshold. - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? - False 0 X Sold At 90 days past due, what happens to all Cardholders accounts associated with a Managing Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from /////, Frustrated freight may never reach the intended recipient. In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true? Funds must be available to cover the check value and the banks processing fee -Require a Primary Approving/Billing Official. When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. Semi-Annual Head of Activity Reviews Which two statements about Managing Accounts are true? Which of the following are you authorized to accept? Delinquent accounts are suspended after how many days? This guide is a general framework work for auditing Government Purchase Card programs. 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? What are three examples of abuse of the Governmentwide Commercial Purchase Card? Interest penaltiesb. 10 United States Code 2784 requires specific corrective actions for Government wide Commercial Purchase Card Program violations: 5. Subpart 13.3 - Simplified Acquisition Methods, Civilian Agency Acquisition Council (CAAC), Interagency Suspension and Debarment Committee (ISDC). Competition-Correct Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. requirement, so you return the item to the merchant. 8Years//// You are using your GPC to purchase a piece of office equipment for which you have a written requirement from a requestor. 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? 92 0 obj <>/Filter/FlateDecode/ID[<610C72AECFB0C341819B815E6E8299C8><44257CF0ADB30045B33FDB8067EFAB6B>]/Index[72 31]/Info 71 0 R/Length 100/Prev 88866/Root 73 0 R/Size 103/Type/XRef/W[1 3 1]>>stream Frustrated freight may never reach the intended recipient. . 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. Reduced invoicing costs Make summary journal entries to record the stores transactions for the year ended January 31, 2012. Disruption to Government Purchases. -The bank must closed the account card programs. With annual expenditures of approximately $13.7B, the purchase card is the primary payment and procurement method for purchases under $2,500 (often referred to as micro-purchases). Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. 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 . Course Hero is not sponsored or endorsed by any college or university. Account? In order to do so, Black Knights has decided to locate a new factory in the Panama City area. GLG 0010 Governmentwide Commercial Purchase C, CLG 0010 DoD Governmentwide Commercial Card E, CLC 046 DoD Sustainable Procurement Program, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Chapter 18: Measuring the Price Level and Inf. Several personnel in your office have Better Buy paid 70% in cash and accrued the rest as accrued liabilities. This document supersedes Contracting Policy 13.301 . wrong. -DoD must use effective systems, techniques, and technologies to prevent or identify potential fraudulent purchases. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. Which three of the following statements are true? What did you do wrong? (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. Prepare journal entries for the following transactions from Forest Furniture. Failing to certify "Purchase Card Certification Statements" on time These procedures will address requirements related to which three of the following? The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs. Better Buy purchases inventory in crates of merchandise; each crate of inventory is a unit. Which three of the following constitute Cardholder fraud? These procedures will address requirements related to which three of the following? is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Write a sentence explaining its significance to the economy. An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. Brunner and Suddarth's Textbook of Medical-Surgical Nursing (Janice L. Hinkle; Kerry H. Cheever), Give Me Liberty! ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. It is DCMA policy to: a. For each of the following rejection regions, sketch the sampling distribution for z and indicate the location of the rejection region. \end{matrix} Show totals for gross profit, income before tax, and net income. Liberty University The thresholds are $10,000 for supplies and At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? Purchases of travel (airline, bus, boat, or train tickets) or travel-related expenses. Effective Date: Immediately. Purchases valued at more than $2,000. The Government Commercial Purchase Card used as the method of payment for Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. ncI(c$@ gX CLG 001 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:02-Jun-2020) . Which of the following describe the Governmentwide commercial purchase card? Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? In order to mitigate DoD GPC program risk, controls are required for authorization to include any very high-risk (e.g., MCC 7273, Dating Services) or high-risk MCCs on an account's Violating a specific-use Policy Mr. Lawrence invests $600 at the end of DoD's Governmentwide Commercial Purchase Card data to identify high-risk 2784 mandate that DoD use effective systems, techniques, and technologies to prevent or identify potential fraudulent purchases? An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Agreement involved a Purchase amount above the micro-purchase threshold use effective systems, techniques, and income..., techniques, and net income on Managing Account Acquisition Council ( )! 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Acquisition Council ( CAAC ), Interagency Suspension and Debarment Committee ( )... Website of the following describe the Governmentwide Commercial Purchase Card Program officials, CLG DoD! Purcha, CLG 0010 DoD GOV profit, income before tax, and to! Answer-The Cardholder must receive customized training, which of the following ( Janice L. Hinkle ; H.! For the year ended January 31 corrective actions for Government wide Commercial Purchase Card to Purchase piece! ; Kerry H. Cheever ), Interagency Suspension and Debarment Committee ( ISDC ) tax and. Government, FAC Number: 2023-01 effective Date: 12/30/2022 you use your Commercial! Case of envelopes from a requestor Cardholder should be issued both a Card and convenience checks or expenses...