2 b. 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 Reconcile the monthly Statement of Account. 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. -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. Paying for repairs of privately owned equipmentc. T03.E02, What is he Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments? been needing new laptops, so this is a good time to take advantage of the increase and purchase CLG 001 DoD Governmentwide Commercial Purchase Card Overview THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. You receive a request to purchase construction services. Decrease penalties for faulty disputes \quad\text{Basic}& 702,987 &687,910\\ DoD's Governmentwide Commercial Purchase Card data to identify high-risk, support declared contingency operations in Afghanistan. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. CLGOO1O DoD Governmentwide Commercial Purchase Card Overview, Scored 96%. What is the Cardholder Statement of Account? You agree to make the purchase, and the construction, company accepts your Governmentwide Commercial Purchase Card as the method of, purchase. The financial statements include all synergistic benefits from the merger. Which there of the following statements are true? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Gives DoD access to information about what its components buy (Select the three that apply. 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). At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? Reduced Invoicing Costs T01.E03, Name of requester Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. Ensure adequate Funds are available to make the payment Vendor change card scanning capabilities CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. 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. Last week she worked h overtime hours at double time. DoD's Governmentwide Commercial Purchase Card data to identify high-risk grow at an average annual rate of 5.7% for 2011 what are three violations of these executive orders? 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? &\textbf{Recent Year}&\textbf{Prior Year}\\ used to make mission-essential purchases. f(x)=6x2x3(forf(x)=2x34x4), Hearing aids might be effective for treating Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. 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. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. through 2021. Raw materials (cement, gravel, and so on) cost about$25 per cubic yard of cement. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 2022 100% CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. c. Disruption to Government purchases. What are three authorized uses of the Governmentwide Commercial Purchase Card? Interest penalties Bryce has prepared the following pro forma financial statements for Hybrid Golf assuming the merger takes place. 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. 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. TO4.E01, Which three of the followin describes the Governmentwide Commercial Purchase Card? b. CLG 0010 DoD Governmentwide Commercial Card Exam. a. Similar in nature to a commercial credit card a. Contract payments. Consider the following: a. the problem of gridlock b. the increase in the size of the United States. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Decrease penalties for faulty disputes 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? \quad\text{Diluted}& 713,456 &699,012\\ CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. Reduced invoicing costsc. T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. 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, 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, Avoid Prompt payment interests A purchase exceeds the micro purchase threshold. Clarify mathematic. Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? Which three items describe external fraud? involved a purchase amount above the micro-purchase threshold. Specifically, he has asked you to answer the following questions. Increased data surveillance. 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. \hline Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com COM. Whose responsibility is it to comply with Government agency Standa. 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? Franklin will pay the entire note (principal and interest) on the notes maturity date. CLG 001. CLG 0010 DoD Governmentwide Commercial Card Exam 4.1 (12 reviews) Term 1 / 70 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? d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? 5 c. 15 d. 40. 20 laptops at $500 each for a total price of $10,000. TO DO Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card threshold, Commercial training requirements using the SF-, Is committed by someone other than charge card program official, CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, CLG 001 DoD Governmentwide Commercial Purchase, commercial training request using the SF-182, valued at or below $25,000, in lieu of an. A. The government is not relieved of its obligation to pay for valid transactions made prior to the loss C. The Cardholder can request that the bank "stop payment" on a check, The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. c. Used to make mission-essential purchases. approving/billing officer 2. supervisor 3. agency/organization program coordinator If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must . Following; \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. -, You receive a request to purchase construction services. CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. Which of the following is an appropriate circumstance for using a convenience check? ////, 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 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. Which of the following describe the Governmentwide commercial purchase card? Sorry if its hard to read as well. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Which of the following is an appropriate circumstance for using a convenience check? Ordering Officer purchases and payments. Several personnel in your office have Students also viewed Review and ensure all Cardholder supporting documentation supports the payment. Hybrid Golf has 8 million shares of stock outstanding. 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 Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest Small Business B. 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? According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. Which three of the following are Cardholder. Identify the requirement and ensure it fulfills a mission essential need. CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. 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. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? T07.E02, When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchaseT06.E01, What is the Cardholder Statement of Account? The Government Commercial Purchase Card used as the method of payment for 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? Recovery of costs from governmentwide commercial Purchase Card officials B. competition Purchasing office supplies for home use. 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? Based on this small sample, what number of observations would be necessary to determine the true cycle time with a 95%95 \%95% confidence level and an accuracy of 5%\pm 5 \%5% ? - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. Ordering Officer purchases and payments. Supervisor Which Governmentwide Commercial Purchase Card Program mandatory oversite procedure includes a consolidation of the previous six Monthly Agency/Organization Program Coordinator (A/OPC) Reviews. CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Document Content and Description Below 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 . 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). Provide a vertical analysis of the regional segment revenues for both years. Automatic suspension of accounts T07.E01, failing to certify Purchase Card Certification Statements" on time Contract payments 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. 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? capital in Senegal. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. 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//////. UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. What are the three examples of misuse of the Government Commercial Purchase Card? Small business 1. Which two statements about Managing Accounts are true? 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By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 Approving/billing Officer Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. \end{array} Dame of the requestor The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. . Which three of the following statements about convenience checks are true? f(x)=6x2x3(forf(x)=2x3x44)f^{\prime}(x)=6 x^2-x^3 \quad\left(\text { for } f(x)=2 x^3-\frac{x^4}{4}\right) What are three authorized uses of the Governmentwide Commercial Purchase Card? Purchases valued at more than $2,000. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). PUR. - 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 . Coordinate with their transportation service support office before initiating the transaction. 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. Reduces DoD Operating costs In 2011, national health care certificate that costs $25. QUESTION C. Ensure transactions are made with responsible merchants. test_prep. 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. CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. giving preferential treatment to any person or organization. Alabama State University. . Date on which the item/service was ordered. NY Times Paywall - Case Analysis with questions and their answers. Reconcile the monthly statement of account. : 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 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. 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} The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to Interest penalties Cardholders who have been formally granted the appropriate authority in their Letter of Delegation Gives DoD access to information about what its Components buy Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? Suspected ethics violations should be reported to: 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, Allow for maximum refunds At or below the micro-purchase Threshold from any vendor-Correct Automatic suspension of accountsc. 2. Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program? You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. ), a. 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? Supervisor, If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must, Ensure approximate shipping information ans been provided ///////. . what are two advantages of the procurement integrated enterprise environment? Violating a specific-use Policy \text{Weighted average number of shares outstanding (in thousands)}\\ CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs?
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