Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed
... [Show More] 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
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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 Fraud
Splitting 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
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What are three authorized uses of the Governmentwide Commercial Purchase Card? - correct answer Open-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
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What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions - correct answer Insight on Demand (IOD)
What are three examples of abuse of the Governmentwide Commercial Purchase Card? - correct answer Violating a specific-use Policy
Exceeding the applicable micro-purchase Threshold
Splitting 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 answer Convenience 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
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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 answer Approving/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 ///////
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 Dame of the requestor
Total Dollar value of the transaction
Date on which the item/service was ordered
If required office paper is available from a mandatory source of supply (such as the Committee for Purchase from People Who Are Blind or Severely Disabled), the Cardholder must purchase the paper from the mandatory source, even if similar paper is available at a lower price from a non-mandatory source. - correct answer True
Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations" - correct answer Abuse
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? - correct answer Unauthorized Commitment
Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? - correct answer Complete appropriate Training
Ensure transactions are made with responsible merchants
Reconcile the monthly statement of account
what are two advantages of the procurement integrated enterprise environment? - correct answer Reduces DoD Operating costs
Improves data quality and access
Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? - correct answer Supervisors
Which of the following describe the Governmentwide commercial purchase card? - correct answer Reduced invoicing costs
Similar in nature to a commercial credit card
used to make mission-essential purchases
Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - correct answer False
Which three of the following statements are true? - correct answer Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments
No Ordering officer may be appointed until they have received training commensurate with their delegated authority
Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission
You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. 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. Which of the following are you authorized to accept? - correct answer Credit to your cardholder account
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) - correct answer Avoid Pecuniary Liability-Correct
Decrease penalties for faulty disputes
avoid prompt payment interest
Allow for maximum refunds- New
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Frustrated freight may never reach the intended recipient - correct answer True
Which of the following is an appropriate circumstance for using a convenience check? - correct answer A merchant does not accept payment by credit card
The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. 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 a total price of $10,000 - correct answer False
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 - correct answer Avoid Prompt payment interests
Decrease penalties for faulty disputes
avoid pecuniary liability
10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations - correct answer True
Which three of the following constitute cardholder fraud - correct answer A cardholder's unauthorized purchase of power tools for personal use
purchasing items or extra quantity of items for resale or to give away to relatives
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 - correct answer Purchase of accountable property
Transactions where the governmentwide commercial purchase card is used as a method of payment
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 - correct answer true
Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? - correct answer Interest penalties
Automatic suspension of accounts
Disruption to Government Purchases
What are three advantages of using the governmentwide commercial purchase card? - correct answer Gives DoD access to information about what its components buy
Reduces dod invoicing costs
Enables the government to earn refunds
Which two statements about managing accounts are true - correct answer Require a Primary Approving/billing Official
Are used to roll up cardholder accounts-New
Whos responsibility is it to comply with Government agency standards of conduct - correct answer Agency/Organization Program Coordinator
Approving/billing Officer
Merchant
What is the first step to follow when a cardholder becomes aware of a lost or stolen card or check - correct answer Determine when and where the card/checks were last seen//////
What are three examples of misuse of the governmentwide commercial Purchase card? - correct answer Purchasing office supplies for home use
Failing to certify "Purchase Card Certification Statements" on time
Violating a specific-Use Policy
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? - correct answer Procurement Business intelligence service (PBIS) /////
When Using a Governmentwide Purchase Card, Which of the following is prohibited purch [Show Less]