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 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. C. public notification. a. 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? 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. CLG0 0010 Test Review.pdf. &\textbf{Recent Year}&\textbf{Prior Year}\\ ///- This one is correct/ Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. Alabama State University. Which two statements about Managing Accounts are true? 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. how many days of the billing cycle end date? By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 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% ? 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? support declared contingency operations in Afghanistan. Increased data surveillance. CLG 0010 DoD Governmentwide Commercial Card Exam. \text{APMEA*}&6,391&6,020\\ At or below the micro-purchase Threshold from any vendor-Correct \text{Weighted average number of shares outstanding (in thousands)}\\ \quad\text{Basic}& 702,987 &687,910\\ What are two advantages of the Procurement Integrated Enterprise Environment? Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? : 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. Includes billing for items not ordered purchasing items or extra quantity of items for resale or to give away to relatives 300. points. Interest penalties Violating a specific-use policy 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 guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? What did you do wrong? How many Cardholder accounts may be rolled up under a Managing Account? Currently, similar-risk stocks have required returns of 10 %. Both companies can borrow at an 8% interest rate. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. 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. is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? assessment. Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? 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? CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip 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 ///////. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? (Select the three that apply. The study documents help you better prepare for exams and get higher grades. What are three examples of misuse of the governmentwide commercial Purchase card? In 2011, national health care avoid prompt payment interest \end{array} Violating a specific-use Policy Automatic suspension of all Cardholder (CH) accounts. There is no time limit for completing this course. A. &\textbf{2013}&\textbf{2012}\\ Classify truck depreciation and raw materials as variable or fixed costs. Which three of the following statements about convenience checks are true? Paying for repairs of privately owned equipment accept? 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? A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. Bryce has asked you to analyze the financial aspects of the potential merger. Terms of Use Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? Mathematics is the study of numbers, shapes, and patterns. 6. TO DO CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. Which three items describe external fraud, Includes billing for items not ordered - 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? 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? 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. Reconcile the monthly Statement of Account 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 Enables the government to earn refunds, Which two statements about managing accounts are true, Require a Primary Approving/billing Official 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? 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//////. b. Agency/Organization Program Coordinator Disruption to Government Purchases. 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. Failing to certify "Purchase Card Certification Statements" on time a. A Cardholder's unauthorized purchase of power tools for personal use After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Funds must be available to cover the check value and the banks processing fee Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? Which three of the following statements are true? Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles Cardholders who have been formally granted the appropriate authority in their Letter of Delegation 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. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. \text{Total revenues}&\underline{\underline{\$37,567}}&\underline{\underline{\$27,006}}\\ Which option would you choose? 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. 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? COM. 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. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? 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 document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ Total truck depreciation is $200,000 per year. 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. Must not be Must be Is occasionally None of . DoD's Governmentwide Commercial Purchase Card data to identify high-risk, support declared contingency operations in Afghanistan. Ordering officer appointments are distinct from the Governmentwide commercial Purchase card cardholder appointments Objectives Identify the requirement and ensure it fulfills a mission essential need. Bryce has prepared the following pro forma financial statements for Hybrid Golf assuming the merger takes place. Bundle contains 3 documents. c. Disruption to Government purchases. ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. 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 Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? - 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. Open-Market Micro-Purchases The Government Commercial Purchase Card used as the method of payment for . PUR. the cardholder temporarily loses card privilege's Which three of the following describe the Governmentwide Commercial Purchase Card? national health care spending, y, in trillions, as a Ensure adequate Funds are available to make the payment used to make mission-essential purchases. Whose responsibility is it to comply with Government agency Standa. An unauthorized commitment is an agreement that is not binding solely because the agreement Splitting requirements to avid card thresholds. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. Similar in nature to a commercial credit card Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com The primary somatosensory area of the cerebral hemispheres is found in the precentral gyrus. Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. Open-market micro-purchases According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? competition \end{array} What conclusion is appropriate when H0H_0H0 cannot be rejected? Clg 0010 dod governmentwide commercial purchase card Study with Quizlet and memorize flashcards containing terms like In order to use the GPC for simplified accusations up to $25000 outside the . Contract payment Click the card to flip Definition 1 / 70 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. Click the card to flip Definition 1 / 23 ? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:29-Nov-2022) . a. 1. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's . What are the three examples of misuse of the Government Commercial Purchase Card? James Madison believed that the Constitution would produce effective government and good policies. Date on which the item/service was ordered, How many Cardholder accounts may be rolled up under a Managing Account? T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ What is Step 2 of the Governmentwide Commercial Purchase Card Program process? b. a. C. Ensure transactions are made with responsible merchants. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Reduced invoicing costs Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". 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. Ordering Officer purchases and payments. 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 . Increased Funding Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. a. Must not be Must be Is occasionally None of these 2. 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. After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. The cost of capital for Hybrid Golf is 12.4%, and the cost of equity is 16.9%. f(x)f^{\prime}(x)f(x) and its graph are given. 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} \hline CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Review and ensure all cardholder supporting documentation supports the payment. Obtain Approval from the Agency/Organization Program Coordinator. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Total Dollar Value of the transaction Purchases valued at more than $2,000. (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. Recovery of cost from Governmentwide Commercial Purchase Card officials 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 The . 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. 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? There is no time limit for completing this course. Contract payments. a. 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? Sorry if its hard to read as well. The bank must close the account CLG 001 DoD Governmentwide Commercial Purchase Card Overview THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. Semi-Annual Head of activity Reviews///// Which three of the following describe the Governmentwide Commercial Purchase Card? b. Name of the requestor Reconcile the monthly statement of account. 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? C. A new card or checks are issued. a. 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Which three of the following are advantages of using the Governmentwide commercial purchase card? Allow for maximum refunds- New \quad\text{Diluted}& 713,456 &699,012\\ commercial training request using the SF-182, valued at or below $25,000, in lieu of an - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? Overseas purchases up to 25000 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. Franklin will pay the entire note (principal and interest) on the notes maturity date. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. Similar in nature to a commercial credit card. Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. Which three items describe external fraud? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Decrease penalties for faulty disputes Using public office for private gain, Which of the Governmetnwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews?T02.E02, 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? Wat are three examples of abuse of the Government Commercial Purchase Card? Who is the individual for ensuring the existence, accuracy, and legality of information on what are two advantages of the procurement integrated enterprise environment? 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. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. 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? Used to make mission-Essential Purchases Open-market micro-purchases. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? what did you do wrong? 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? CLG 001. \hline UnitedStatesEuropeAPMEA*OtherCountries&CorprateTotalrevenuesRecentYear(inmillions)$8,81410,8276,3911,535$37,567PriorYear(inmillions)$8,52810,8866,0201,572$27,006. 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 - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? [Show More] Preview 1 out of 5 pages Generating Your Document Report Copyright Violation Exam Details $6.45 Add To Cart Add To Wishlist Money Back Guarantee 24/7 Document English Business The Government Commercial Purchase Card used as the method of payment for 5 c. 15 d. 40. Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all da. Mrs Trobiano regularly works 40 hours per week, at a rate of d dollars per hour. Must not be Must be Is occasionally None of these Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. Improves data quality and access. B. employee reimbursement by miscellaneous payment. Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement?
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