DoD Governmentwide Commercial Purchase Card Overview Exam Solutions 2024-2025, Exams of Law

Download DoD Governmentwide Commercial Purchase Card Overview Exam Solutions 2024-2025 and more Exams Law in PDF only on Docsity! CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025 CLG001 DoD Government wide Commercial Purchase Card Overview Exam 1) Which of the following does NOT describe the GPC?   [Identify 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 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. 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.]   CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025          Terminate the GPC account.          Safeguard the GPC and account number          Complete appropriate training          Reconcile the monthly Statement of Account 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 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. 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 CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025 14) 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?   [Recognize restrictions on GPC use.]   [Remediation Accessed :N]          Unauthorized commitment          Ratificatio n          Change request          All of these 15) Use of the GPC to acquire supplies or services that are unauthorized and intended for personal use or gain constitutes ____ against the Government. [Identify the types of fraud.]   [Remediation Accessed :N]          Frau d          Misus e          Abus e          All of these 16) In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true?   [Describe the reporting procedures of lost or stolen Government Purchase Cards/Checks]            All of these          The bank must close the account          A new card or checks can be issued          The government is not relieved of its obligation to pay for transactions prior to the loss CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025 17) Suspected ethics violations should be reported to:   [Identify ethical standards of conduct and their regulatory/legal foundation.]   [Remediation Accessed :N]          The supervisor          The card-issuing bank          The violating individual          All of these 18) The Purchase Card On-Line System (PCOLS) Data Mining (DM) tool fulfills the mandate that DoD use effective systems, techniques, and technologies to prevent or identify potential fraudulent purchases.   [Recognize the impact of the Government Charge Card Abuse Prevention Act]            Tru e          Fals e 19) The Government Charge Card Abuse Prevention Act requires specific corrective actions for GPC Program violations.   [Describe the corrective actions that may be taken against GPC program participants who misuse their GPC authority]   [Remediation Accessed :N]          Fals e          Tru e 1) Which of the following is NOT an advantage of using the GPC?   [Identify the business model for the GPC Program.]   [Remediation Accessed :N]          Empowers a single individual to handle all aspects of the purchasing process.          Reduces DoD invoicing costs. CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025          Gives DoD access to information about what its components buy.          Enables the government to earn rebates. 2) Which of the following statements does NOT apply to PCOLS?   [Identify the requirement for, and capabilities of, the Purchase Card Online System (PCOLS).]            Its use is voluntary.          It is Common Access Card (CAC) enabled.          It is a suite of electronic systems.          It improves management and accountability of GPC Program. 3) The Secretary of Defense authorizes an increase in the micro-purchase threshold from $3,500 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. [Identify the various micro-purchase thresholds.]   [Remediation Accessed :N]          Tru e          Fals e 4) A best practice is for the Cardholder to reconcile and approve the information in his or her Statement of Account within how many days of the end of the monthly billing cycle?   [Recognize the procedures for reconciling account statements for each billing cycle.]   [Remediation Accessed :N]          3 days          30 days          15 days CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025          You forgot that cnstruction must be purchased only through the “Emergency Purchases” procedures established by your local Contracting Office. 3) DoD policy allows for GPC Billing Statement certification prior to verification that all items submitted for payment have been received. [Recognize the procedures for reconciling account statements for each billing cycle.]            Tru e          Fals e 4) Component procedures may authorize DoD GPC Ordering Officers to make purchases up to the Simplified Acquisition Threshold in which of the following cases?   [Recognize ordering officer authority to use the GPC.]            All of these          At or below the micro-purchase threshold against Federal Supply Schedule contracts, EMALL, or other ordering systems that are authorized in Component procedures          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 GPC          Using Simplified Acquisition Procedures above or below the micro- purchase threshold against Federal Supply Contract vehicles 5) An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro- purchase threshold.   [Recognize restrictions on GPC use.]   [Remediation Accessed :N]          Fals e          Tru e 1) An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro- purchase threshold.   [Recognize restrictions on GPC use.]   CLG 001 DoD Govenmentwide Commercial Purchase Card Overview Exam-with 100% verified solutions 2024-2025          Tru e          Fals e