How Long does Foreign Military Sales Documentation have to be retained following a case closure - ANSWER- 6 Years and 3 Months 6 Years
10 Years
An
... [Show More] Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro- purchase threshold. - ANSWER- False
Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? - ANSWER- Receipt
Invoice
Which three of the following are cardholder considerations before purchase? - 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
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. - 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:
- 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? - ANSWER- Frustrated Freight
Whose Responsibility is it to comply with government agency standards of conduct? (Select the three that apply) - 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. - 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? - 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? - 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 - 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? - ANSWER- Nine
Five
Which three of the following are advantages of using the Governmentwide commercial purchase card? - ANSWER- Increased information
Quicker Payment Increased Fundin [Show Less]