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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. Is a felonious act of corruption or attempt to cheat the government 300. points. whose responsibility is it to comply with Government agency standards of conduct? what did you do wrong? When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. Several personnel in your office have Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? 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} In five years, the value of Hybrid Golf is expected to be$270 million. &\textbf{2013}&\textbf{2012}\\ After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Course Hero is not sponsored or endorsed by any college or university. You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? 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. HESI A2 summaries, notes, assignments and practice exams for University. Which of the following information must be included on detailed/itemized receipts? COM. Similar in nature to a commercial credit card What are three authorized uses of the Governmentwide Commercial Purchase Card? 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? 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? Approving/Billing Officer, Frustrated freight may never reach the intended recipient. a. c. Disruption to Government purchases. &\textbf{Recent Year}&\textbf{Prior Year}\\ 5 c. 15 d. 40. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? 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? test_prep. Which one of the following is an example of abuse of the Governmentwide Commercial Purchase Card? Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. 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 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? Complete appropriate training 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. 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. Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? Funds must be available to cover the check value and the bank's processing fee Download. a. accept? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. The Bank must close the account 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 $10,000. \hline Purchasing items or extra quantity of items for resale or to give away to relatives. CLG 0010 DOD GOV. a. -Paying for repairs of privately owned equipment Interest penalties What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions Insight on Demand (IOD) Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier false d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? Review and ensure all Cardholder supporting documentation supports the payment. 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 . B. Alabama State University. (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. A. The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). What are three advantages of using the governmentwide commercial purchase card? The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). Students also viewed Reconcile the monthly statement of account. 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. f(x)=6x2x3(forf(x)=2x34x4), Hearing aids might be effective for treating 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} b. Total dollar value of the transaction the Cardholder can dispute a convenience check after payment has been made Which three of the following constitute Cardholder fraud? : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). 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? 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? what are three violations of these executive orders? Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? 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? Must not be Must be Is occasionally None of . Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. - ANSWER-You made a purchase for construction, with the Governmentwide Commercial Purchase Card that exceeded $2,000, Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts, are subject to what? A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. Funds must be available to cover the check value and the banks processing fee CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. How many Cardholder accounts may be rolled up under a Managing Account? \quad\text{Basic}& 702,987 &687,910\\ T02.E03, 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?T05.E02, Cardholder must receive customized training, Executive Order 12674 and 12731 form the foundational policy on the ethical conduct of Federal employees. A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. Classify truck depreciation and raw materials as variable or fixed costs. CLG 0010 Exam 2022 Graded A What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Governments agents by charge card program officials. 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. What is the opportunity cost of your choice? These procedures will address requirements related to which three of the following? Dame of the requestor Institution. A purchase exceeds the micro purchase threshold. 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 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. 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? c. conductive hearing loss 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? Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Objectives Download Course Objectives Target Attendees grow at an average annual rate of 5.7% for 2011 a. order now. 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. jurisdiction. 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 Government Commercial Purchase Card used as the method of payment for . The Government Commercial Purchase Card used as the method of payment for You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from Total Dollar Value of the transaction -Purchasing power tools for personal use Which of the following is an appropriate circumstance for using a convenience check? You receive a request to purchase construction services. Defrauding the government purchasing items or extra quantity of items for resale or to give away to relatives Provide a vertical analysis of the regional segment revenues for both years. a. 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Prepare a graph for raw materials. 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? Cardholders who have been formally granted the appropriate authority in their Letter of Delegation T07.E01, failing to certify Purchase Card Certification Statements" on time It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. b. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? Total Dollar value of the transaction Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? We're available through e-mail, live chat and Facebook. Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? There is no time limit for completing this course. Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. Disruption to Government purchases. Overseas purchases up to 25000 By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 Mrs Trobiano regularly works 40 hours per week, at a rate of d dollars per hour. T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? How long does Foreign Military Sales documentation have to be retained following case closure? Objectives 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. A. Increased information Several personnel in your office have been needing new laptops, so this is a god time to take advantage of the increase and purchase 20 laptops at $500 each, for a total price of $10,000. Who is the individual for ensuring the existence, accuracy, and legality of information on - 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? These procedures will address requirements related to which three of the following? 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 Bryce has asked you to analyze the financial aspects of the potential merger. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. 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 Competition-Correct Purchasing office supplies for home use. 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. What are three advantages of using the Governmentwide Commercial Purchase Card? 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. c. Purchasing items or extra quantity of items for resale or to give away to relatives.