HESI A2 summaries, notes, assignments and practice exams for University. c. Purchasing items or extra quantity of items for resale or to give away to relatives. price-icon . Reduces DoD Operating costs 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? a. DoD Govenmentwide Commercial Purchase Card Overview Exam.docx. The bank must close the account 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. Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments Similar in nature to a commercial credit card Which of the following is an appropriate circumstance for using a convenience check? Objectives Download Course Objectives Target Attendees what are three violations of these executive orders? According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? Procurement Business intelligence service (PBIS) /////, When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase. - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 C. Ensure transactions are made with responsible merchants. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). Which three of the following statements are true? grow at an average annual rate of 5.7% for 2011 Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. 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} At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank -Purchasing items or extra quantity of items for resale or to give away to relatives. What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's . Explain. b. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. 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 Consider the following: a. the problem of gridlock b. the increase in the size of the United States. Bryce Bichon, the financial officer for Birdie, has been instrumental in the merger negotiations. Violating a specific-use policy Ensure adequate Funds are available to make the payment 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? 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 (Select the three that apply), Avoid Pecuniary Liability-Correct T05.e01. - 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? - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? a. Currently, similar-risk stocks have required returns of 10 %. Total Dollar Value of the transaction Hotel Guest Bills. 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 Cardholder's unauthorized purchase of power tools for personal use 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 of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. CARD OVERVIEW EXAM, Honors Spanish I - Day of the Dead Project, 96% CLGOO1O DoD Governmentwide Commercial Pur, CLG 001 DoD Government Commercial Purchase Ca, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Managerial Accounting- Supplemental Practice, Pathology and Common Symptoms Arthritis: OA,. CLG 0010. a. The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. b. No Ordering officer may be appointed until they have received training commensurate with their delegated authority What is the Cardholder Statement of Account? Date on which the item/service was ordered, How many Cardholder accounts may be rolled up under a Managing Account? The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Includes billing for items not ordered Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator 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. Which three of the following describe the Governmentwide Commercial Purchase Card? How many Cardholder accounts may be rolled up under a Managing Account? transactions? Raw materials (cement, gravel, and so on) cost about$25 per cubic yard of cement. At 90 days past due, what happens to all Cardholders accounts associated with a Managing 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 ///////. 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? Suspected ethics violations should be reported to: A best practice calls for the Cardholder to reconcile transactions in the Statement of Account within Defense Acquisition University. 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-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 . Open-market micro-purchases. \quad\text{Basic}& 702,987 &687,910\\ 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? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 2022 100% CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution Requires a Primary Approving/Billing Official Total Dollar value of the transaction B. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. &\textbf{2013}&\textbf{2012}\\ Bryce believes the current cost of capital for Birdie Golf is 11%. TO4.E01, Which three of the followin describes the Governmentwide Commercial Purchase Card? Purchases valued at more than $2,000. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. 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? Convenience checks must be secured in a locked container - ANSWER-Unauthorized commitment, 10 United States Code 2784 requires specific corrective actions for Governmentwide, Commercial Purchase Card Program violations - ANSWER-False, 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), Authorized uses of the Governmentwide Commercial Purchase Card include (select, three) - ANSWER-a. 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? I dont know, Answers are wrong. a. 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. requirement, so you return the item to the merchant. Automatic suspension of accountsc. 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. d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? 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 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. These procedures will address requirements related to which three of the following? Following; support declared contingency operations in Afghanistan. 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. A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. 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. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). involved a purchase amount above the micro-purchase threshold. 20 laptops at $500 each for a total price of $10,000. 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? How long does Foreign Military Sales documentation have to be retained following case closure? Giving preferential treatment to any person or organization Reduced invoicing costs 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? Click the card to flip Definition 1 / 23 ? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. If an item is used in two places in a bill-of-materials, say level 3 and level 4, what low-level code would be assigned to the item? TO DO Explain how this requirement is likely to affect the growth of human CLG 001. test_prep. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. 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. What are two advantages of the Procurement Integrated Enterprise Environment? Semi-Annual Head of activity Reviews///// 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? 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 Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. Coordinate with their transportation service support office before initiating the transaction. Reduced Invoicing Costs Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. -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. Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? \hline Whose Responsibility is it to comply with government agency standards of conduct? 2 b. 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. Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? (Select two). accept? Which three items describe external fraud? 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Ziegler, Michae Ziegler, Raymond A. Barnett, HORRIBLE HISTORIES - Rotten Romans - Basic Ti. Increased information Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer View more. You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. Small Business Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Approving/Billing Officer, Frustrated freight may never reach the intended recipient. In five years, the value of Hybrid Golf is expected to be$270 million. Reconcile the monthly statement of account. CLG 001 DoD Government Commercial Purchase Card. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. \quad\text{Diluted}& 713,456 &699,012\\ Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Use the vertical axis for cost and the horizontal axis for cubic yards of cement. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? When a merchant does not accept payment by credit card. CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. c. Is committed by someone other than charge card program officials, An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". A. 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.E01, failing to certify Purchase Card Certification Statements" on time 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. 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. 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? 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. What is the highest exchange ratio Birdie should be willing to pay and still undertake the merger? which three of the following are cardholder considerations before purchase? Which three of the following are Cardholder. After completing the course, please be sure to complete the survey at the end. a. A. the cardholder temporarily loses card privilege's What is the procurement integrated enterprise environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointment? 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. spending was $2.7 trillion, and it was projected to Decrease penalties for faulty disputes How many Cardholder accounts may be rolled up under a Managing Account? 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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. T01.E03, Name of requester Increased data surveillance. [Show More] Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam University Nevada State College Course Community health nursing (NUR 2611) Uploaded by Micah Brian Academic year2022/2023 Helpful? Cardholders who have been formally granted the appropriate authority in their Letter of Delegation 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% ? a. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from CLG 0010 DOD GOV. What are three violations of these Executive Orders?T06.E04, Defrauding the Government Interest penalties 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. - 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? : 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. Terms of Use been needing new laptops, so this is a good time to take advantage of the increase and purchase 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 CLG 0010 DoD Governmentwide Commercial Card Exam. 703-805 . Write an exponential function that models the b. sensorineural hearing loss T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? (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. Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program? /////////////. \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ a. ///- This one is correct/ 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. a. C. public notification. Splitting requirements to avid card thresholds. Agency/organization program coordinator -Paying for repairs of privately owned equipment The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Decrease penalties for faulty disputes Is a felonious act of corruption or attempt to cheat the Government PUR. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. There's a lot here, some of the questions I didn't get to and there's till even more that I haven't seen yet. The firm recently paid a dividend of $3 per share. (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. Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? The accountant will use a sample of future weekend guest bills to test the manager's claim. 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 policies. order now. 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? Course Hero is not sponsored or endorsed by any college or university. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Chamberlain College of Nursing. 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? Review and ensure all cardholder supporting documentation supports the payment. Bryce has asked you to analyze the financial aspects of the potential merger. Purchase of accountable property Last week she worked h overtime hours at double time. a. 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. c. Disruption to Government purchases. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Mrs Trobiano regularly works 40 hours per week, at a rate of d dollars per hour. You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. Several personnel in your office have Increased Funding Which of the following are you authorized to accept? B. a. Menier's disease An unauthorized commitment is an agreement that is not binding solely because the agreement a. 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. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. -, ANSWER-A merchant does not accept payment by credit card, How long does Foreign Military Sales documentation have to be retained following case, 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.