Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. The financial statements include all synergistic benefits from the merger. Each year, Lord & Taylor, Ltd., sets up a giftwrapping station to assist its customers with holiday shopping. Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? a. \end{array} The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. Similar in nature to a commercial credit card. Enables the Government to earn refunds An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Alabama State University. 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, Which three of the following statements about convenience checks are true, Convenience checks must be secured in a locked container COM. Gives DoD access to information about what its Components buy Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official B. jurisdiction. Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam University Nevada State College Course Community health nursing (NUR 2611) Uploaded by Micah Brian Academic year2022/2023 Helpful? \hline Supervisor Which three of the following are Cardholder. f(x)=6x2x3(forf(x)=2x3x44)f^{\prime}(x)=6 x^2-x^3 \quad\left(\text { for } f(x)=2 x^3-\frac{x^4}{4}\right) A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? certificate that costs $25. Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? A. DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to answer Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest question A merchant does not accept payment by credit card. Bryce believes the current cost of capital for Birdie Golf is 11%. : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. . CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Which three of the following are cardholder considerations before purchase? employee reimbursement by miscellaneous payment. Students also viewed Which of the following are you authorized to accept? transactions? Must not be Must be Is occasionally None of these 2. d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? b. Violating a specific-use Policy Identify the requirement and ensure it fulfills a mission essential need. Decrease penalties for faulty disputes Funds must be available to cover the check value and the bank's processing fee using public office for private gain 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? Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. What was Campbells basic earnings per share in 2012 and 2013? Which three of the following are advantages of using the Governmentwide commercial purchase card? 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? In step 10 of the Governmentwide Commercial Purchase Card Program, what arr three pieces of information that should be included in the Cardholder Purchase Log? CLG 0010 Exam 2022 Graded A What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Governments agents by charge card program officials. Account? Exceeding the applicable micro-purchase Threshold Hybrid Golf has 8 million shares of stock outstanding. Vendor change card scanning capabilities Open-market micro-purchases. UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. 5 c. 15 d. 40. What are three authorized uses of the Governmentwide Commercial Purchase Card? TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. been needing new laptops, so this is a good time to take advantage of the increase and purchase Take this Answer sheet with a grain of salt. CLG 0010 DoD Governmentwide Commercial Card Exam 4.1 (12 reviews) Term 1 / 70 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 management internal controls? Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? national health care spending, y, in trillions, as a Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com Who is the individual for ensuring the existence, accuracy, and legality of information on Click the card to flip Definition 1 / 23 ? What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions Insight on Demand (IOD) Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier false the Cardholder can dispute a convenience check after payment has been made Total Dollar Value of the transaction Description The DoD Governmentwide Commercial Purchase Card (GPC) Overview module was designed to help GPC Program participants learn how to make and process GPC transactions in accordance with applicable laws, regulations, and policies. - ANSWER-, 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, 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? a. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from How long does Foreign Military Sales documentation have to be retained following case closure? You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. Competition-Correct Franklin will pay the entire note (principal and interest) on the notes maturity date. Objectives Download Course Objectives Target Attendees commercial training request using the SF-182, valued at or below $25,000, in lieu of an - ANSWER-Unauthorized commitment, 10 United States Code 2784 requires specific corrective actions for Governmentwide, Commercial Purchase Card Program violations - ANSWER-False, What is the artificial intelligence Data Mining platform that automatically analyzes the, DoD's Governmentwide Commercial Purchase Card data to identify high-risk, transactions - ANSWER-Insight on Demand (IOD), Authorized uses of the Governmentwide Commercial Purchase Card include (select, three) - ANSWER-a. Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. Automatic suspension of accountsc. Which three of the following statements are true? Ordering Officer purchases and payments. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. 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. 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 the price of $10,000. . Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments Specifically, he has asked you to answer the following questions. 2. Allow for maximum refunds- New Contract payments In the African nation of Senegal, to enroll in school a child needs a birth Purchasing items or extra quantity of items for resale or to give away to relatives. [Show More] (b) Use the graph of f(x)f^{\prime}(x)f(x) to determine where f(x)>0f^{\prime \prime}(x)>0f(x)>0, where f(x)<0f^{\prime \prime}(x)<0f(x)<0, and where f(x)=0f^{\prime \prime}(x)=0f(x)=0. //////////. \quad\text{Basic}& 702,987 &687,910\\ a. Both companies can borrow at an 8% interest rate. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. Increased Funding Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all da. The government is not relieved of its obligation to pay for valid transactions made prior to the loss Whose Responsibility is it to comply with government agency standards of conduct? 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? Transactions where the governmentwide commercial purchase card is used as a method of payment A. Currently, similar-risk stocks have required returns of 10 %. A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. Recovery of costs from governmentwide commercial Purchase Card officials Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: 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? 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. ///- This one is correct/ Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Splitting what would have been an $11,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true? COM. -Purchasing power tools for personal use 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 man days of the transaction date?T06.E03, 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 be miscellaneous payment. C. Reduces DoD invoicing costs. TO DO HESI A2 summaries, notes, assignments and practice exams for University. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the truck depreciation cost from year to year. Terms of Use CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Any exams in this course must be passed with a minimum score of 80%. University Of South Africa. Local. In 2011, national health care Which three of the following statements about convenience checks are true? Which three of the following constitute cardholder fraud? Reduced invoicing costs b. \text{Europe }&10,827&10,886\\ a. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. Similar in nature to a commercial credit cardb. c. Purchasing items or extra quantity of items for resale or to give away to relatives. When a merchant does not accept payment by credit card. CLG 0010 DoD Governmentwide Commercial Card Exam/ How Long does Foreign Military Sales Documentation have to be retained following a case closure An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. (select the three that apply), If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must, Coordinate with a transportation service support office before initiating the transaction. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. a. Total dollar value of the transaction 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. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. c. Used to make mission-essential purchases. Public Notification-Correct Purchasing office supplies for home use Obtain Approval from the Agency/Organization Program Coordinator. b. T02.E01, If Commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas. \text{Weighted average number of shares outstanding (in thousands)}\\ - ANSWER-Increased scrutiny, 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? Cardholders who have been formally granted the appropriate authority in their Letter of Delegation Quicker Payment The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? 3. Monthly Agency/organization program coordinator reviews///// Bryce has asked you to analyze the financial aspects of the potential merger. Course Hero is not sponsored or endorsed by any college or university. In order to use the GPC for simplified accusations up to $25,000 outside the United States and its jurisdictions, the card holder, merchant, and supply/delivery acquisition must be outside the United States and its jurisdictions. In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Term 1 / 23 Which of the following is a cardholder responsibility in the Governmentwide Commercial Purchase Card Program? C. The Cardholder can request that the bank "stop payment" on a check, The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. Target Attendees What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? PUR. You receive a request to purchase construction services. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? What are three advantages of using the Governmentwide Commercial Purchase Card? Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? What are three authorized uses of the Governmentwide Commercial Purchase Card? Clarify mathematic. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. 00 Comments Please sign inor registerto post comments. The bank must close the account The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. 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. The accountant will use a sample of future weekend guest bills to test the manager's claim. b. sensorineural hearing loss a merchant. When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Supervisor, If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must, Ensure approximate shipping information ans been provided ///////. Automatic suspension of accounts, Which three of the following constitute Cardholder fraud?
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clg 0010 dod governmentwide commercial purchase card overview exam