Northwestern University At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? 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. How much will be in the account in Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Jul(32,000unitsat$58)Nov(52,000unitsat$62).Dec(62,000unitsat$68)..Totalpurchases.$1,856,0003,224,0004,216,000$9,296,000. By Tessa 6 months ago Exam $8 1 Governance> Exam > GOVT 407 Exam 3 questions-and-answers-solution-test-exam- (All) Target Attendees 10 United States Code 2784 requires specific corrective actions for Government wide Commercial Purchase Card Program violations: 5. purchase supplies and services in accordance with the FAR and agency policy . card programs. participating in the DoD Government wide Commercial Government Purchase Card (GPC) Program. endstream endobj 73 0 obj <. Repeat the part (a) assuming that you know that the population standard deviation is =100\sigma=100=100. An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. COM. (1) The Level 3 A/OPC will set the hierarchy reporting levels and fax the account set-up forms to the U.S. Bank Relationship Manager for processing. //////////. 13.301 Governmentwide commercial purchase card. support declared contingency operations in Afghanistan. -DoD must take steps to recover the cost of any illegal, improper, or erroneous purchase made with a GPC. Which of the following are you authorized to. %%EOF This chapter addresses the policy directives and required procedures for procurements made using the Governmentwide Commercial Purchase Card Program. If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with t The Black Knights Inc. has no aversion to being a landlord. /////, Frustrated freight may never reach the intended recipient. [Show More] Which two statements about Managing Accounts are true? The thresholds are $10,000 for supplies and Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? Chapter 1 - Summary Give Me Liberty! Recovery of costs from governmentwide commercial Purchase Card officials How is stock market performance evaluated? \text{Dec (62,000 units at \$68)..} & \text{4,216,000 }\\ is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. \text{Nov (52,000 units at \$62). } & \text{3,224,000 }\\ hbbd```b``"I} &y"`5`fIy0&eAl^$CN:@L@D6@g`\ .8 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 managemen. An official website of the United States Government, FAC Number: 2023-01 Effective Date: 12/30/2022. You even benefit from summaries made a couple of years ago. Karen. Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. Can you accept the card? Small business Better Buy paid 70% in cash and accrued the rest as accrued liabilities. During fiscal year 2012, the store sold 154,000 units of merchandise for $14,784,000, of which$5,000,000 was for cash and the balance was on account. Which three items describe external fraud, Includes billing for items not ordered -A Cardholder's unauthorized purchase of power tools for personal use. An Approving/Billing Official (A/BO) is authorized to be a Cardholder (CH) under the same Managing Account (MA) for which they are an A/BO. Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? Which three of the following constitute Cardholder fraud? Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? a merchant. Cardholders who have been formally granted the appropriate authority in their Letter of Delegation Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? Which three of the following statements are true? What are three advantages of using the governmentwide commercial purchase card? When must Wide Area Workflow (WAWF) be used to create and accept the receiving report? using public office for private gain What is the first step to follow when a Card holder becomes aware of a lost or stolen card or check? Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. -The Cardholder can request that the bank "stop payment" on a check Complete appropriate Training What four steps are used to accomplish this objective? What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions: 6. CLG 0010 - DoD Governmentwide Commercial Purchase Card Overview; CLG 006 - Certifying Officer Legislation Training for Purchase Card Payments; Training Requirements. Approving/billing Officer Prepare the stores income statement for the year ended January 31, 2012. Splitting requirements to avid card thresholds. The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. What is the Cardholder Statement of Account? A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. Cross), Civilization and its Discontents (Sigmund Freud), Educational Research: Competencies for Analysis and Applications (Gay L. R.; Mills Geoffrey E.; Airasian Peter W.), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Psychology (David G. Myers; C. Nathan DeWall), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. 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CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam. You can accept the discount. Contract payment (4) The contracting officer shall not authorize the Governmentwide commercial purchase card as a method of payment during any contract period of performance if the contract includes the clause at FAR 52.229-12, Tax on Certain Foreign Procurements, unless the contract also includes the clause at 252.229-7014, Full Exemption from Two-Percent Excise 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? 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 -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures 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? Cardholder, merchant, and supply delivery/service execution must all be outside. Which three of the following statements about convenience checks are true? Who is responsible for making regular reviews of existing Cardholders and their monthly spending limits? - Supervisor - Internal Fraud Use the terms plantation and cash crop in a sentence about the colonies' economy. 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations. a. 72 0 obj <> endobj CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. What is the first step to follow when a Card holder becomes aware of a lost or stolen card or check? 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. Purchasing office supplies for home use Allow for maximum refunds- New ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. An official website of the General Services Administration. Black Knights will either buy or lease a site depending upon which is more advantageous. %PDF-1.6 % Semi-Annual Head of Activity Reviews Daily Data Mining Case Reviews Procurement Management Reviews Monthly Agency/ Organization However, payment by a purchase card also may be made under a contract that does not contain the clause to the extent the contractor agrees to accept that method of payment. each month in an account that pays 7%, compounded 1) Internal Control Reviews 2)Procurement Management Reviews 3) Quarterly Data Mining Case Validation Reviews 4) Semi-Annual Head of Activity Reviews The Governmentwide Commercial Purchasing Card is a purchase card that can be used to make purchases of products as well as services. Unlock answers (19) question. Market-Research - A market research for Lemon Juice and Shake. -Total dollar value of the transaction (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. Prepare a T-account to show the activity in the Inventory account. It is DCMA policy to: a. 8Years//// 31 U.S.C. 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. (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. Better Buy uses a perpetual inventory system. Rental payments will be received at the end of each year. The store accrued income tax at the rate of 40%. -Reconcile the monthly Statement of Account. 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Commercial Purchase Card (GPC) Program Overview Presented by: Denise Reich, OUSD(A&S)/DPC/CeB The DoD GovernmentwideCommercial Purchase Card (GPC) program continues to develop and enhance eBusiness capabilities to support program operations, and improve policy and . -Convenience checks should be signed only by the Cardholder (CH). The Government Commercial Purchase Card used as the method of payment for commercial training request using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? (ii) The contracting officer shall not authorize the Governmentwide commercial purchase card as a method of payment during any period the SAM indicates that the contractor has delinquent debt subject to collection under the TOP. 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An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Automatic suspension of accountsc. How long does Foreign Military Sales documentation have to be retained following case closure? what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? Must not be; Must be; Is occasionally; None of these The Governmentwide purchase card may be used to (1) Make . How many cardholder accounts may be rolled up under a managing account? What did you do wrong? Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. (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. With a profile at Docmerit you are definitely prepared well for your exams. Lab Report #11 - I earned an A in this lab class. Show totals for gross profit, income before tax, and net income. Which three of the following describe the Governmentwide Commercial Purchase Card? jurisdiction. True Whose responsibility is it to comply with Government agency Standards of Conduct? must be 3. Improves data quality and access. CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation? 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations 5. University Of Arizona Better Buy uses the average-cost method for inventories. The account holder allows other people to use his/her purchase account. Obtain Approval from the Agency/Organization Program Coordinator. What are three authorized uses of the Governmentwide Commercial Purchase Card? Purchase of accountable property giving preferential treatment to any person or organization. Similar in nature to a commercial credit card These procedures include program controls and invoice payments. 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. An unauthorized commitment is an agreement that is not binding solely because the agreement the Cardholder can dispute a convenience check after payment has been made transactions? Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? All Schedule contractors are required to accept the government purchase card for purchases up to the micro-purchase threshold and encouraged to do so for purchases over it.. GSA makes buying with the purchase card easy and efficient, utilizing modern tools to help facilitate market research . Agency/Organization Program Coordinator////, In the event that a cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true. Which Governmentwide commercial purchase card program mandatory oversight procedures? Violating a specific-use Policy Federal law requires that funds must be available before any government purchase is made. -, You receive a request to purchase construction services. The Government Commercial Purchase Card used as the method of payment for Which three of the following statements are true? Commercial Training requirements using the SF-182-New. monthly. CLG 0010 DoD Governmentwide Commercial Card Exam Account? employee reimbursement by miscellaneous payment. Mike T, CLG 0010 DoD Governmentwide Commercial Card Exam-Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves val. CLG 0010 DoD Governmentwide Commercial Card Exam-Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed . Reduced Invoicing Costs 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. CLG 001 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:02-Jun-2020) . which three of the following describe the governmentwide commercial purchase card? What are two advantages of the Procurement Integrated Enterprise Environment? 4. Defrauding the government GOVERNMENT-WIDE COMMERCIAL PURCHASE CARD (GCPC) REGIONAL CONTRACTING OFFICE (RCO)GOVERNMENTWIDE COMMERCIAL PURCHASE CARD IN-HOUSE TRAINING FOR GCPC Approving Officials Cardholders -. Purchases valued at more than $2,000. What is the first step to follow when a Cardholder becomes aware of a lost or stolen card or check? What are three examples of abuse of the Governmentwide Commercial Purchase Card? what did you do wrong? Failing to certify "Purchase Card Certification Statements" on time Which of the Governmentwide commercial purchase card program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? 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 must the Cardholder do to become qualified to make Governmentwide Commercial Purchase Card purchases up to $25,000 outside of the United States and its jurisdictions? (c) The Governmentwide commercial purchase card may be used to-. Docmerit is a great platform to get and share study resources, especially the resource contributed by past students and who have done similar courses. wrong. Make summary journal entries to record the stores transactions for the year ended January 31, 2012. The purchase card currently saves the Government approximately $1.3B annually in administrative costs. 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.