What are three examples of abuse of the Governmentwide Commercial Purchase Card?
-Splitting requirements to avoid card thresholds
-Violating a
... [Show More] specific-use policy
-Exceeding the applicable micro-purchase threshold
wrong
Which three of the following constitute Cardholder fraud?
-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
Which three of the following describe the Governmentwide Commercial Purchase Card?
-Reduced invoicing costs
-Similar in nature to a commercial credit card
-Used to make mission-essential purchases
What are two advantages of the Procurement Integrated Enterprise Environment?
-Reduces DoD operating costs
-Improves data quality and access
What is the first step to follow when a Cardholder becomes aware of a lost or stolen card or check?
Determine when and where the card/checks were last used
wrong
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
Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement?
Approving/Billing Official
wrong
Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following?
-Overseas purchases up to $25,000
-Payment against an existing contract
-Open-market micro-purchases
Frustrated freight may never reach the intended recipient.
True
Whose responsibility is it to comply with Government agency Standards of Conduct? (Select the three that apply)
-Approving/Billing Officer
-Supervisor
-Agency/Organization Program Coordinator
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?
-At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures
-At or below the mirco-purchase threshold from any vendor
-Above or below the micro-purchase threshold against contract vehicles issued for the Component by a Contracting Officer that contain a provision authorizing order and payment by the Governmentwide Commercial Purchase Card
wrong
At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account?
Automatically suspended
An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold.
False
Which two statements about Managing Accounts are true?
-Are used to roll up Cardholder accounts
-Require a Primary Approving/Billing Official
Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts.
True
Which two of the following must be included in supporting documentation for all Governmentwide Commercial Purchase Card transactions?
-Receipt
-Invoice
Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations?
Semi-Annual Head of Activity Reviews
wrong
How long does Foreign Military Sales documentation have to be retained following case closure?
10 years
You receive a request to purchase construction services. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. What did you do wrong?
You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000 [Show Less]