CLG 0010 Latest Exam 2023 Score 100% At Your First Attempt 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations - Correct Answer False
A best practice calls for the Cardholders to reconcile trCorrect Answeractions is the Statement of Account within how many days of the billing cycle end date? - Correct Answer 3
According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. - Correct Answer a.Adverse personnel actions
- Recovery of cost from Governmentwide Commercial Purchase Card officials
An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold - Correct Answer False
At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? - Correct Answer Automatically suspended
Authorized uses of the Governmentwide Commercial Purchase Card include (select three) - Correct Answer a. Ordering Officer purchases and payments
- Existing Government contracts
- Commercial training requirements using the SF-182
Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - Correct Answer Increased scrutiny
Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. - Correct Answer True
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 - Correct Answer True
Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. These procedures will address requirements related to which three of the following? - Correct Answer A. Small business
- competition
- public notification
Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. - Correct Answer False 1 / 2
Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? - Correct Answer a. Interest penalties
- Automatic suspension of accounts
- Disruption to Government purchases
Frustrated freight may never reach the intended recipient - Correct Answer True
How long does Foreign Military Sales documentation have to be retained following case closure? - Correct Answer 10 years
How many Cardholder accounts may be rolled up under a Managing Account? - Correct Answer Seven
If required office paper is available from a mandatory source of supply (such as the Committee for Purchase from People Who Are Blind or Severely Disabled), the Cardholder must purchase the paper from the mandatory source, even if similar paper is available at a lower price from a non-mandatory source. - Correct Answer True
If trCorrect Answeractions 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 trCorrect Answeraction date? - Correct Answer 90
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. - Correct Answer True
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? - Correct Answer a. Name of the requestor
- Date on which the item/service was ordered
- Total dollar value of the trCorrect Answeraction
In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true? - Correct Answer A. The government is not relieved of its obligation to pay for valid trCorrect Answeractions made prior to the loss
- The bank must close the account
- A new card or checks are issued
Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier - Correct Answer False
Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do
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