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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) 6. Authorized uses of the Governmentwide Commercial Purchase Card include (select three) Answer- a. Ordering Officer purchases and payments b. Existing Government contracts c. Commercial training requirements using the SF-182 7. Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? Answer- Abuse 8. How many Cardholder accounts may be rolled up under a Managing Account? Answer- Seven 9. You receive a request to purchase construction services. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. What did you do wrong? Answer- You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000 10. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Answer- Increased scrutiny 11. 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? Answer- The Cardholder must receive customized training 12. Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program? Answer- Reconcile the monthly Statement of Account 13. Which of the following is an appropriate circumstance for using a convenience check? Answer- A merchant does not accept payment by credit card 14. How long does Foreign Military Sales documentation have to be retained following case closure? Answer- 10 years 15. 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. Answer- True 16. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. Answer- True 17. 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. Answer- True 18. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Answer- False 19. 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? Answer- a. Small business b. competition public notification 20. Which three of the following constitute Cardholder fraud? Answer- a. A Cardholder's unauthorized purchase of power tools for personal use b. Paying for repairs of privately owned equipment c. Purchasing items or extra quantity of items for resale or to give away to relatives 21. 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? Answer- a. Name of the requestor b. Date on which the item/service was ordered c. Total dollar value of the transaction 22. Whose responsibility is it to comply with Government agency Standards of Conduct? (Select the three that apply.) Answer- a. Supervisor b. Agency/Organization Program Coordinator Approving/Billing Officer 23. Frustrated freight may never reach the intended recipient Answer- True 24. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Answer- a. Interest penalties b. Automatic suspension of accounts c. Disruption to Government purchases 25. Which three of the following describe the Governmentwide Commercial Purchase Card? Answer- a. Similar in nature to a commercial credit card b. Reduced invoicing costs c. Used to make mission-essential purchases 26. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. 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. Which of the following are you authorized to accept? Answer- Credit to your Cardholder account 27. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. Answer- a. Adverse personnel actions b. Recovery of cost from Governmentwide Commercial Purchase Card officials 28. 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 Answer- True 29. 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. Answer- Must be 30. What are three advantages of using the Governmentwide Commercial Purchase Card? Answer- a. Enables the Government to earn refunds b. Gives DoD access to information about what its Components buy Reduces DoD invoicing costs 31. 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? Answer- 3 32. Which three items describe external fraud? Answer- a. Is a felonious act of corruption or attempt to cheat the Government b. Includes billing for items not ordered c. Is committed by someone other than charge card program officials 33. An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold Answer- False 34. Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier Answer- False 35. Suspected ethics violations should be reported to: Answer- The supervisor 36. When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Answer- Construction services over $2,000 37. What are three authorized uses of the Governmentwide Commercial Purchase Card? Answer- a. Open-market micro-purchases b. Contract payments c. Ordering Officer purchases and payments What are the advantages of using the GPC?The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services. The GPC provides “on the spot” purchasing, receiving, and payment authority for individuals other than contracting or purchasing officers.
What are three advantages of using the Governmentwide commercial purchase card quizlet?Reduces DoD invoicing costs. Enables the Government to earn refunds. Gives DoD access to information about what its Components buy. 10 USC 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations.
What is the Governmentwide commercial purchase card?Government-wide Commercial Purchase Card - The Purchase Card is used as a simple method to spend funds in the acquisition of goods and services. It is similar in nature to a commercial credit card and is issued to authorized agency personnel. The card is distinct from the Government Travel Card.
What are three examples of misuse of the Government why commercial purchase card?Examples of misuse include: (1) purchases that exceed the cardholder's limit; (2) purchases not authorized by the agency; (3) purchases for which no funding exists; (4) purchases for personal consumption; (5) purchases that do not comply with the Federal Acquisition Regulation (FAR) and/or other applicable procurement ...
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What are three advantages of using the Governmentwide Commercial Purchase Card
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