Alabama State University. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam. 1) Which of the following does NOT describe the GPC? [Ident
... [Show More] ify the business model for the GPC Program.] [Remediation Accessed :N]
Used for travel and fuel
Used to make mission-essential purchases
Similar in nature to a commercial credit card
Reduces invoicing costs
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2) Which of the following is the last step of the GPC Program process flow? [Recognize the governing process flow of the GPC Program.]
The Defense Finance and Accounting Service pays the bank.
The merchant transmits purchases for processing.
The CH obtains required approvals.
The A/BO signs a certification statement.
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3) Which of the following is NOT a Cardholder responsibility in the GPC Program? [Identify the key roles and responsibilities of various participants in the GPC Program.]
Terminate the GPC account.
Safeguard the GPC and account number
Complete appropriate training
Reconcile the monthly Statement of Account
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4) Which of the following descriptions does NOT apply to PCOLS? [Identify the requirement for, and capabilities of, the Purchase Card Online System (PCOLS).] [Remediation Accessed :N]
Tracks GPC purchase amounts for reporting to the Defense Finance and Accounting Service
Allows automatic cancellation of CH accounts
Allows automatic removal of GPC users upon retirement
Reviews GPC transactions for compliance with policy and regulation
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5) Splitting what would be a $4,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: [Identify the various micro-purchase thresholds.] [Remediation Accessed :N]
Strictly prohibited.
Appropriate as long as the proper approvals have been obtained.
A common best practice by which deliveries of purchases may be received on teo separate delivery dates.
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6) The GPC may be used to make purchases: [Recognize what the Cardholder must consider prior to making different types of GPC transactions.]
All of these
By phone
Over the counter
Via the Internet
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7) Which of the following must be included in supporting documentation for all GPC transactions?
All of these
A detailed invoice
A detailed receipt
Proof of delivery
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8) What is the Cardholder Statement of Account? [Recognize the procedures for reconciling account statements for each billing cycle.] [Remediation Accessed :N]
A document reflecting all purchases and credits that have been posted to the CH’s account during a 30-day billing cycle.
An official document sent to the Approving Official from the card-issuing bank requesting payment for charges against a GPC account.
A Government invoice sent to the CH that requests payment for all GPC transaction activity. [Show Less]