Similar in nature to a commercial credit card. Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? Purchasing office supplies for home use A Best practice calls for the cardholder to reconcile transactions in the statement of account within how many days of the billing cycle end date? Hotel Guest Bills. \quad\text{Diluted}& 713,456 &699,012\\ UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. The Governmentwide Commercial Purchase Card ___ used as the method of payment for commercial training requests using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. Failing to certify "Purchase Card Certification Statements" on time Must not be Must be Is occasionally None of . \hline Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. The law requires the DOD to recover costs from GCP card officials who have used the governmentwide commercial purchase card for illegal, improper, or erroneous purchases. Interest penalties Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. Reconcile the monthly statement of account. Specifically, he has asked you to answer the following questions. Chamberlain College of Nursing. Automatic suspension of accounts, Which three of the following constitute Cardholder fraud? Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? 2 b. 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. NY Times Paywall - Case Analysis with questions and their answers. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? 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 [Show more] Preview 2 out of 6 pages Use the vertical axis for cost and the horizontal axis for cubic yards of cement. Think of some of the options you have for spending time after school--sports practice, hobby clubs, work, or extra study, for example. No Ordering officer may be appointed until they have received training commensurate with their delegated authority CLG 0010 EXAM Which three of the following constitute Cardholder fraud? The study documents help you better prepare for exams and get higher grades. Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. Improves data quality and access. Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles transactions? Open-market micro-purchases. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:29-Nov-2022) . Preliminary observations of one worker at the station produced the following sample time (in minutes per package): 3.5,3.2,4.13.5,3.2,4.13.5,3.2,4.1, 3.6, 3.9. COM. - 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? According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? 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 CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. Prepare a graph for raw materials. CARD OVERVIEW EXAM, Honors Spanish I - Day of the Dead Project, 96% CLGOO1O DoD Governmentwide Commercial Pur, CLG 001 DoD Government Commercial Purchase Ca, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Managerial Accounting- Supplemental Practice, Pathology and Common Symptoms Arthritis: OA,. assessment. Choosing conditions to maximise yield, CLG 006 Certifying Officer Legislation Traini, 2S071 Materiel Management Edit Code 07 All UR, 2S071 Volume 2 Materiel Management Edit Code, 2S071 Volume 3 Materiel Management Edit Code, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Operations Management: Sustainability and Supply Chain Management, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, HORRIBLE HISTORIES - Rotten Romans - Basic Ti. 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. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Similar in nature to a commercial credit card requirement, so you return the item to the merchant. Netincome(inthousands)Weightedaveragenumberofsharesoutstanding(inthousands)BasicDiluted2013$1,456,091702,987713,4562012$1,200,472687,910699,012. Franklin will pay the entire note (principal and interest) on the notes maturity date. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its 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. 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? Which of the following are you authorized to accept? T05.E03. Small business CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. Decrease penalties for faulty disputes 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. 5 c. 15 d. 40. CLG 0010 DOD GOV. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer Interest penalties You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. Wat are three examples of abuse of the Government Commercial Purchase Card? Funds must be available to cover the check value and the bank's processing fee You receive a request to purchase construction services. (select the three that apply) - ANSWER-1. T07.E01, failing to certify Purchase Card Certification Statements" on time The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is $600\$ 600$600 or less. C. Ensure transactions are made with responsible merchants. a. Menier's disease \hline 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. An unauthorized commitment is an agreement that is not binding solely because the agreement -, ANSWER-A merchant does not accept payment by credit card, How long does Foreign Military Sales documentation have to be retained following case, 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. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. Company Registration Number: 61965243 CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. b. Agency/Organization Program Coordinator TO1.E01, -Used to make mission-essential Purchases, Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement?T01.E04, The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to support declared contingency operations in Afghanistan. A. What are three advantages of using the Governmentwide Commercial Purchase Card? Which three of the following constitute Cardholder fraud? Whose responsibility is it to comply with Government agency Standa. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. 00 Comments Please sign inor registerto post comments. These procedures will address requirements related to which three of the following? 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. Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? (Select the three that apply). When a merchant does not accept payment by credit card. What is defined as any felonious act of corruption or attempt to cheat the Government, or corrupt the Government's agents by charge card program officials? Currently, similar-risk stocks have required returns of 10 %. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? Ensure adequate Funds are available to make the payment certificate that costs $25. requirement, so you return the item to the merchant. Splitting requirements to avid card thresholds. The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Which of the following is an appropriate circumstance for using a convenience check? 1. CLG 0010 Exam 100% Scored_ Spring 2022 1. CLG 0010. 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. Ordering Officer purchases and payments, c. Commercial training requirements using the SF-182, Which of the following terms is defined as "the international use of the Government-, issued charge card in violation of applicable regulations"? Which of the following are you authorized to - ANSWER-approving/billing official what is the cardholder statement of account?- ANSWER-A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle . Any exams in this course must be passed with a minimum score of 80%. Commercial Training requirements using the SF-182-New. employee reimbursement by miscellaneous payment. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. How long does Foreign Military Sales documentation have to be retained following case closure? Raw materials (cement, gravel, and so on) cost about$25 per cubic yard of cement. Authorized uses of the Governmentwide Commercial Purchase Card include (select three) correct answers Existing Government contracts Ordering Officer purchases and payments Commercial training requirements using the SF-182 What are 2 advantages of the Procurement Integrated . At 90 days past due, what happens to all Cardholders accounts associated with a Managing \text{United States}&\$\hspace{5pt}8,814&\$\hspace{5pt}8,528\\\ /////////////. Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. Increased Funding a merchant. Interest penaltiesb. Automatic suspension of all Cardholder (CH) accounts. a. By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments B. (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. Which of the following is an appropriate circumstance for using a convenience check? 300. points. T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? 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? 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. You are interested in purchasing the common stock of Azure Corporation. What did you do wrong? public notification. -Purchasing items or extra quantity of items for resale or to give away to relatives. The accountant will use a sample of future weekend guest bills to test the manager's claim. T04.E02. Review and ensure all cardholder supporting documentation supports the payment. What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. T05.e01. . -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. Which three items describe external fraud, Includes billing for items not ordered What did you do wrong? Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? B. Which there of the following statements are true? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview 4.7 (3 reviews) Term 1 / 23 Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. competition a. Clg 0010 dod governmentwide commercial purchase card. &\textbf{2013}&\textbf{2012}\\ Total dollar value of the transaction CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. a. Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? Sorry if its hard to read as well. 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. Bryce has asked you to analyze the financial aspects of the potential merger. C. Reduces DoD invoicing costs. Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? grow at an average annual rate of 5.7% for 2011 In the African nation of Senegal, to enroll in school a child needs a birth Allow for maximum refunds- New Ordering Officer purchases and payments. A. -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. Are used to roll up Cardholder accounts, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Which three of the following constitute cardholder fraud? 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? Which of the following are you authorized to accept? These procedures will address requirements related to which three of the following? Must not be Must be Is occasionally None of these 2. Who is the individual for ensuring the existence . a. how many days of the billing cycle end date? b. 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? There is no time limit for completing this course. 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? a. function of the number of years after 2011, x, According to the most recent data, among workers who are paid at an hourly rate, about _______ percent have jobs that pay at or below the minimum wage. What conclusion is appropriate when H0H_0H0 cannot be rejected? yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. After completing the course, please be sure to complete the survey at the end. (Select the three that apply. T06.E02. Contract payment Approving/billing Officer At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? Objectives Download Course Objectives Target Attendees c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? Which of the following actions will be taken for failure to certify a Managing Account (MA) Billing Statement within 90 days of the billing cycle end date? A Cardholder's unauthorized purchase of power tools for personal use which three of the following are cardholder considerations before purchase? Purchases valued at more than $2,000.

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