Course Hero is not sponsored or endorsed by any college or university. been needing new laptops, so this is a good time to take advantage of the increase and purchase involved a purchase amount above the micro-purchase threshold. a. This module was designed to provide individuals with a solid foundation for making Government Purchase Card (GPC) transactions in compliance with applicable laws, regulations, and policies. &\textbf{2013}&\textbf{2012}\\ 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. 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. This price is several weeks income for many families. T07.E01, failing to certify Purchase Card Certification Statements" on time A. (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. a. Terms of Use 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. Mrs Trobiano regularly works 40 hours per week, at a rate of d dollars per hour. a merchant. b. 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? Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. 00 Comments Please sign inor registerto post comments. Download. 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. Total Dollar value of the transaction The Government Commercial Purchase Card used as the method of payment for . CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Used to make mission-essential purchases. Reconcile the monthly statement of account. Suspected ethics violations should be reported to: When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? University of the Cordilleras (formerly Baguio Colleges Foundation), Question 11 National income NI is calculated by adjusting GDP for depreciation, Click the Cost Account ID column label to display the cost accounts hierarchy, B1B4F8E6-9018-4505-BCCC-CCAF1B564D47.jpeg, 20 Who teaches you English a By whom were you taught English b By whom are you, Natanson v Kline 187 Kan 186 354 P2d 670 1960 There is corresponding support for, In Allen v Sixteen Stirling Investments Pty Ltd 1974 4 SA 164 D the plaintiff, Consumer buying patterns especially of high value purchases have changed in the, Source Futura Group Total Cost 2469 Portion Cost 617 Portion Nos 4 Portion Size, Given the six year payback the worst case is that the payback occurs at the end, A block code is called a linear code when the mapping of the k information bits, bbbbbbbbbbbboooooooooooooooooootttttttttttttttttthhhhhhhhhhhhhhhh, Bruckner 201914 89 Antibody test to check if youve had coronavirus NHS web 27, 36 Essay 2 Important qualities of a good supervisor A supervisor needs to, AUTO 132 W10 Ignition System Operation Worksheet.docx, Define and discuss the concepts of patient experience and satisfaction.docx. - 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? It is used to solve problems in a variety of fields, including science, engineering, and finance. Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Bryce has asked you to analyze the financial aspects of the potential merger. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? grow at an average annual rate of 5.7% for 2011 A. \text{APMEA*}&6,391&6,020\\ Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. . b. -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. - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? These procedures will address requirements related to which three of the following? d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? 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. The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? \text{United States}&\$\hspace{5pt}8,814&\$\hspace{5pt}8,528\\\ support declared contingency operations in Afghanistan. CLG 0010 DoD Governmentwide Commercial Card Exam. Last week she worked h overtime hours at double time. used to make mission-essential purchases. . Allow for maximum refunds- New No Ordering officer may be appointed until they have received training commensurate with their delegated authority PUR. Which of the following are you authorized to. . Clarify mathematic. Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. b. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. The accountant will use a sample of future weekend guest bills to test the manager's claim. the cardholder temporarily loses card privilege's Similar in nature to a commercial credit card Must not be Must be Is occasionally None of these 2. Ensure transactions are made with responsible merchants Disruption to Government Purchases. At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? False Authorized uses of the Governmentwide Commercial Purchase Card include: Similar in nature to a commercial credit cardb. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. 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. Campbell Incorporated reported the following information in their consolidated income statement for the years ended December 31, 2012 and 2013: 20132012Netincome(inthousands)$1,456,091$1,200,472Weightedaveragenumberofsharesoutstanding(inthousands)Basic702,987687,910Diluted713,456699,012\begin{array}{lrr} Which option would you choose? Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? [Show More] \hline Enables the Government to earn refunds 3. A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. c. Is committed by someone other than charge card program officials, An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. -Purchasing power tools for personal use CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? a. Reconcile the monthly Statement of Account The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? employee reimbursement by miscellaneous payment. : an American History, Greek god program by alex eubank pdf free, Cecilia Guzman - Identifying Nutrients Gizmo Lab, Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Gives DoD access to information about what its Components buy, Empowers a single individual to handle all aspects of the purchasing process, Convenience checks must be secured in a locked container, The Cardholder can request that the bank stop payment on a check, Funds available to cover both the value and the banks processing fee, The Cardholder can dispute the convenience check after payment has been made, Is a felonious act of corruption or attempt to cheat the Government. The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. What is the Cardholder Statement of Account? Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments Students also viewed T05.e01. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). Increased Funding - 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. What is Step 2 of the Governmentwide Commercial Purchase Card Program process? 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 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? A. B. Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. whose responsibility is it to comply with Government agency standards of conduct? Which three of the following are advantages of using the Governmentwide commercial purchase card? Recovery of costs from governmentwide commercial Purchase Card officials Competition-Correct 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? 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. T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. View more. CLG 0010 Exam 100% Scored_ Spring 2022 1. \end{array} After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. Procurement Business intelligence service (PBIS) /////, When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase. Increased data surveillance. Alabama State University. What are the three examples of misuse of the Government Commercial Purchase Card? b. sensorineural hearing loss Enables the Government to earn refunds Hotel Guest Bills. You agree to make the purchase, and the construction, company accepts your Governmentwide Commercial Purchase Card as the method of, purchase. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. c. Purchasing items or extra quantity of items for resale or to give away to relatives. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Each year, Lord & Taylor, Ltd., sets up a giftwrapping station to assist its customers with holiday shopping. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. Approving/Billing Officer, Frustrated freight may never reach the intended recipient. Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. an Managing Account Billing Statement. 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? Used to make mission-Essential Purchases Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. (a) Use the graph of f(x)f^{\prime}(x)f(x) to determine (estimate) where the graph of f(x)f(x)f(x) is increasing, where it is decreasing, and where it has relative extrema. a. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. These procedures will address requirements related to which three of the following? 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? \quad\text{Basic}& 702,987 &687,910\\ What are three authorized uses of the Governmentwide Commercial Purchase Card? b. Purchasing items or extra quantity of items for resale or to give away to relatives. capital in Senegal. Improves data quality and access. Which three of the following are cardholder considerations before purchase? using public office for private gain A. According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Click the card to flip Definition 1 / 23 ? DOD policy allows for GCP Card billing statement certification prior to certification that all items submitted for payment have been received in order to (select all three that apply). Complete appropriate Training Commercial Training requirements using the SF-182-New. Slashes mean its wrong 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. After completing the course, please be sure to complete the survey at the end. Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles b. a. Obtain Approval from the Agency/Organization Program Coordinator. 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. Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? 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? may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its CLG 001. b. PUR. PUR. Violating a specific-use Policy 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? 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. 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 three of the following describe the Governmentwide Commercial Purchase Card? transactions? T06.E02. commercial training request using the SF-182, valued at or below $25,000, in lieu of an order now. Using public office for private gain, Which of the Governmetnwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews?T02.E02, 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? Both companies have niche markets in the golf club industry, and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing, as well as significant savings in general and administrative expenses. 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?
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