Which one of the following is an example of abuse of the Governmentwide Commercial Purchase Card? &\textbf{(in millions)}&\textbf{(in millions)}\\ A best practice calls for the Cardholders to reconcile transactions is the Statement of Account within how many days of the billing cycle end date? what did you do wrong? Reduced Invoicing Costs CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Which of the following is an appropriate circumstance for using a convenience check? an Managing Account Billing Statement. Reduced invoicing costs Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. requirement, so you return the item to the merchant. Must not be Must be Is occasionally None of these a. - 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 . Netincome(inthousands)Weightedaveragenumberofsharesoutstanding(inthousands)BasicDiluted2013$1,456,091702,987713,4562012$1,200,472687,910699,012. B. competition Interest penalties Think of some of the options you have for spending time after school--sports practice, hobby clubs, work, or extra study, for example. Which three of the following statements are true? These procedures will address requirements related to which three of the following? Improves data quality and access. COM. -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. ), a. False Authorized uses of the Governmentwide Commercial Purchase Card include: payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? 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 According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? T01.E02, open market micro-purchase A. Date on which the item/service was ordered, How many Cardholder accounts may be rolled up under a Managing Account? 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Self Generated Cardholder Purchases-Correct, 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. the Cardholder must: T05.E05. Would he still think so if he saw how the government runs today? In five years, the value of Hybrid Golf is expected to be$270 million. 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, Name of the requestor Which of the following is a reason that 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: What is the Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments? Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. Click the card to flip Definition 1 / 23 ? 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. According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? Recovery of cost from Governmentwide Commercial Purchase Card officials, 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. B. CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? The primary somatosensory area of the cerebral hemispheres is found in the precentral gyrus. 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? The firm recently paid a dividend of $3 per share. 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? You made a purchase for construction with the governmentwide commercial purchase card that exceeded $2,000. Smith Concrete Company owns enough ready-mix trucks to deliver up to 100,000 cubic yards of concrete per year (considering each trucks capacity, weather, and distance to each job). a. Which three of the following are cardholder considerations before purchase? commercial training request using the SF-182, valued at or below $25,000, in lieu of an CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. Target Attendees Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator T06.E02. NY Times Paywall - Case Analysis with questions and their answers. Bundle contains 3 documents. What are three advantages of using the Governmentwide Commercial Purchase Card? - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. Violating a specific-use Policy In the African nation of Senegal, to enroll in school a child needs a birth 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? 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. In 2011, national health care Transactions where the governmentwide commercial purchase card is used as a method of payment CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. The accountant will use a sample of future weekend guest bills to test the manager's claim. how many days of the billing cycle end date? Interest penalties jurisdiction. PUR. -Purchasing items or extra quantity of items for resale or to give away to relatives. 300. points. Several personnel in your office have Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? a. Menier's disease c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Prepare a graph for truck depreciation. Whose responsibility is it to comply with Government agency Standa. [Show More] Preview 1 out of 5 pages Generating Your Document Report Copyright Violation Exam Details $6.45 Add To Cart Add To Wishlist Money Back Guarantee 24/7 Document English Business Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from Disruption to Government Purchases. Clg 0010 dod governmentwide commercial purchase card. price-icon . spending was $2.7 trillion, and it was projected to 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? Competition-Correct 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 You are interested in purchasing the common stock of Azure Corporation. Which three of the following are Cardholder. Unintentionally Purchasing excessive quantities of an item with limited shelf life, Failure to certify a Managing Account Billing Statement in a timely manner results in what three things?T02.E04, Disruption to Government Purchases giving preferential treatment to any person or organization. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. Suspected ethics violations should be reported to: When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. 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 . assessment. 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. 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. used to make mission-essential purchases. 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. 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? Click the card to flip Definition 1 / 70 What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's . avoid prompt payment interest Must be What are three advantages of using the Governmentwide Commercial Purchase Card? ///- This one is correct/ Similar in nature to a commercial credit card. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. (select the three that apply) - ANSWER-1. 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 $25,000, in lieu of an employee reimbursement be miscellaneous payment. d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? Slashes mean its wrong CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. The Government Commercial Purchase Card used as the method of payment for 00 Comments Please sign inor registerto post comments. Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer Small Business Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. Bryce has asked you to analyze the financial aspects of the potential merger. 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. Must not be Must be Is occasionally None of . 703-805 . Decrease penalties for faulty disputes \end{array} (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. Explain. Reconcile the monthly Statement of Account. What are three authorized uses of the Governmentwide Commercial Purchase Card? CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Weightedaveragenumberofsharesoutstanding(inthousands), Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Alexander Holmes, Barbara Illowsky, Susan Dean. The financial statements include all synergistic benefits from the merger. 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, which two of the following must be included in supporting documentation for all governmentwide commerical purchase card transactions, Frustrated freight may never reach the intended recipient, CLG 0010 DOD GOV. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Identify the requirement and ensure it fulfills a mission essential need. Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). The Government Commercial Purchase Card used as the method of payment for . a. Similar in nature to a commercial credit card through 2021. Semi-Annual Head of activity Reviews///// What are three examples of abuse of the Governmentwide Commercial Purchase Card? What are three violations of these Executive Orders?T06.E04, Defrauding the Government /////////////. 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 CLG 001. . Open-Market Micro-Purchases Terms of Use Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Automatic suspension of accounts c. Ordering Officer purchases and payments. Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following? Work in Progress ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. CLG 0010 DoD Governmentwide Commercial Purcha, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Lab 6 - Acid-Fast and Endospore Stain Quiz. Agency/Organization Program Coordinator////, In the event that a cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true. Provide a vertical analysis of the regional segment revenues for both years. Small business - ANSWER-True, Cardholders may be granted authority to use their Governmentwide Commercial, Purchase Card accounts to make payments against contracts. Paying for repairs of privately owned equipment, in step 12 of the governmentwide commercial purchase card program process, what are three Situations in which the acceptor must ensure written independent receipt and acceptance, Purchase of accountable property 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. Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Following; Paying for repairs of privately owned equipmentc. Which of the following are you authorized to. 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. Who is the individual for ensuring the existence, accuracy, and legality of information on The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. Account? been needing new laptops, so this is a good time to take advantage of the increase and purchase Merchant, What is the first step to follow when a cardholder becomes aware of a lost or stolen card or check, Determine when and where the card/checks were last seen//////. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. CLG0 0010 Test Review.pdf. Both companies can borrow at an 8% interest rate. COM. a. which three of the following are cardholder considerations before purchase? Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. Which three of the following are advantages of using the Governmentwide commercial purchase card? PUR. Mathematics is the study of numbers, shapes, and patterns. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. You agree to make the purchase, and the construction, company accepts your Governmentwide Commercial Purchase Card as the method of, purchase. -, You receive a request to purchase construction services. TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip CLG 001 DoD Government Commercial Purchase Card Overview Exam 4.7 (36 reviews) Term 1 / 36 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 Click the card to flip Specifically, he has asked you to answer the following questions. 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? 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. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution What are three authorized uses of the Governmentwide Commercial Purchase Card? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. T05.e01. How many cardholder accounts may be rolled up under a managing account? Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? 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. \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. 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. Which three of the following constitute cardholder fraud? a. competition Prepare a graph for raw materials. Enables the Government to earn refunds The study documents help you better prepare for exams and get higher grades. Defence Acquisition University CLG 0010 DoD Governmentwide Commercial Card Exam | 70 Questions with 100% Correct Answers 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 managemen. (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. Wat are three examples of abuse of the Government Commercial Purchase Card? Date on which the item/service was ordered. c. Disruption to Government purchases. Reconcile the monthly statement of account. Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? \text{Weighted average number of shares outstanding (in thousands)}\\ Paying for repairs of privately owned equipment Exceeding the applicable micro-purchase Threshold 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? The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. (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\\ CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. avoid pecuniary liability, 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, Which three of the following constitute cardholder fraud, A cardholder's unauthorized purchase of power tools for personal use 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. Contract payment &\textbf{2013}&\textbf{2012}\\ CLG 001. 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? Gives DoD access to information about what its Components buy . Defrauding the government Approving/Billing Officer, Frustrated freight may never reach the intended recipient. 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. Objectives Download Course Objectives Target Attendees 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? Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com The comparative regional segment revenues for McDonalds Corporation are as follows: RecentYearPriorYear(inmillions)(inmillions)UnitedStates$8,814$8,528Europe10,82710,886APMEA*6,3916,020OtherCountries&Corprate1,5351,572Totalrevenues$37,567$27,006\begin{array}{lrr} C. Reduces DoD invoicing costs. 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. - 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? 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. Chamberlain College of Nursing. Funds must be available to cover the check value and the banks processing fee Recovery of costs from governmentwide commercial Purchase Card officials University Of South Africa. - 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. Agency/organization program coordinator CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. CLG 0010 Exam with complete solutions who is responsible for verifying proof of delivery for all govermentwide commercial purchase card transactions during the monthly transaction review? Ordering officer purchases and payments 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. certificate that costs $25. Alabama State University. Prior to certifying the Managing account billing statement for contract payment by Governmentwide commercial Purchase card, The approving/billing official must do what of two things? a. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. b. DoD's Governmentwide Commercial Purchase Card data to identify high-risk, support declared contingency operations in Afghanistan. 2 b. CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on managing account billing statement? Reconcile the monthly Statement of Account employee reimbursement by miscellaneous payment. Which of the following information must be included on detailed/itemized receipts? Which three of the following describe the Governmentwide Commercial Purchase Card? -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.