Prepare a graph for truck depreciation. What are three authorized uses of 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. After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. - 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? The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to The Cardholder can request that the bank "stop payment" on a check The law requires the DoD to recover cost from Governmentwide Commercial PurchaseCard officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases - ANSWER-True Which of the following is the term for a shipment of supplies or Clg 001 Test Answers Pdf - myilibrary.org DoD's Governmentwide Commercial Purchase Card data to identify high-risk Must not be Must be Is occasionally None of these Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. 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"? This price is several weeks income for many families. jurisdiction. Splitting requirements to avid card thresholds. a. Which three of the following describe the Governmentwide Commercial Purchase Card? Name of the requestor CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year. yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. Which two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? Small business Small business CLG0 0010 Test Review.pdf. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. Overseas purchases up to 25000 T02.E01, If Commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas. b. NY Times Paywall - Case Analysis with questions and their answers. 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. -Purchasing power tools for personal use CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. There is no time limit for completing this course. Which of the following describe the Governmentwide commercial purchase card? How many cardholder accounts may be rolled up under a managing account? What are two advantages of the Procurement Integrated Enterprise Environment? UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. The firm recently paid a dividend of $3 per share. Purchase of accountable property B. - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? Reconcile the monthly Statement of Account. Several personnel in your office have Open-market micro-purchases. &\textbf{2013}&\textbf{2012}\\ CLG 0010: DoD Governmentwide Commercial Purchase Card Overview: Online Training (OLT) N/A: N/A: 4: 02-Jun-2020: CLG 006 : Certifying Officer Legislation Training for Purchase Card Payments: Online Training (OLT) N/A: N/A: 1: 05-Nov-2019: Feedback. 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? These procedures will address requirements related to which three of the following? c. Disruption to Government purchases. Similar in nature to a commercial credit card. A Cardholder's unauthorized purchase of power tools for personal use Which of the following information must be included on detailed/itemized receipts? 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? Which Governmentwide Commercial Purchase Card Program mandatory oversite procedure includes a consolidation of the previous six Monthly Agency/Organization Program Coordinator (A/OPC) Reviews. Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? requirement, so you return the item to the merchant. Interest penalties The Government Commercial Purchase Card used as the method of payment for . 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? View more. Contract payments. Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Funds must be available to cover the check value and the banks processing fee Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? Objectives Download Course Objectives Target Attendees Must not be Must be Is occasionally None of these 2. At or below the micro-purchase Threshold from any vendor-Correct Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official What did you do wrong? a. Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ transactions? Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles These procedures will address requirements related to which three of the following? 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? 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 . CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam 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 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? Dame of the requestor CLG 001 DoD Governmentwide Commercial Purchase Card Overview Which three of the following are 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 Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview a. giving preferential treatment to any person or organization. how many days of the billing cycle end date? How long does Foreign Military Sales documentation have to be retained following case closure? Hybrid Golf has 8 million shares of stock outstanding. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. 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} the Cardholder can dispute a convenience check after payment has been made Target Attendees (Select the three that apply. T06.E02. 300. points. Automatic suspension of accountsc. Which of the following is an appropriate circumstance for using a convenience check? 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. a. national health care spending, y, in trillions, as a 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? ), a. CLG 0010 DOD GOV N.docx - CLG 0010 DOD GOV. COM. PUR. CARD OVERVIEW 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.