CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. When a merchant does not accept payment by credit card. (Select the three that apply. The accountant will use a sample of future weekend guest bills to test the manager's claim. A. What are three authorized uses of the Governmentwide Commercial Purchase Card? Purchase of accountable property /////, Frustrated freight may never reach the intended recipient. 00 Comments Please sign inor registerto post comments. employee reimbursement by miscellaneous payment. B. T05.E04, Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? test_prep. a merchant. Increased data surveillance. \end{array} The firm recently paid a dividend of $3 per share. a. 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} 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? -Purchasing items or extra quantity of items for resale or to give away to relatives. Sorry if its hard to read as well. Which three items describe external fraud, Includes billing for items not ordered Which three of the following describe the Governmentwide Commercial Purchase Card? 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. CLG 0010. a. a. what did you do wrong? Reconcile the monthly statement of account, Who's Responsibility is it to comply with government agency standards of conduct, Approving/billing Officer Which three of the following are Cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? a. ), a. 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,. Authorized uses of the Governmentwide Commercial Purchase Card include (select three) correct answers Existing Government contracts Ordering Officer purchases and payments Commercial training requirements using the SF-182 What are 2 advantages of the Procurement Integrated . Similar in nature to a commercial credit cardb. Increased information requirement, so you return the item to the merchant. A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. We're available through e-mail, live chat and Facebook. 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? Purchasing office supplies for home use. 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. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. price-icon . What are three advantages of using the Governmentwide Commercial Purchase Card? These procedures will address requirements related to which three of the following? Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? a. been needing new laptops, so this is a good time to take advantage of the increase and purchase Following; PUR. Procurement Business intelligence service (PBIS) /////, When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase. CLG 001. . Clarify mathematic. 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 . In five years, the value of Hybrid Golf is expected to be$270 million. 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? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. 6. Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? What is the Cardholder Statement of Account? PUR. - ANSWER-You made a purchase for construction, with the Governmentwide Commercial Purchase Card that exceeded $2,000, Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts, are subject to what? Disruption to Government Purchases. c. Ordering Officer purchases and payments. Target Attendees d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? A. CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DoD Governmentwide Commercial Card E, CLG 0010 DOD GOV. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. b. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:29-Nov-2022) . 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 Used to make mission-essential purchases. Includes billing for items not ordered In 2011, national health care function of the number of years after 2011, x, According to the most recent data, among workers who are paid at an hourly rate, about _______ percent have jobs that pay at or below the minimum wage. Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. Would he still think so if he saw how the government runs today? Mrs Trobiano regularly works 40 hours per week, at a rate of d dollars per hour. Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator [Show More] Automatic suspension of all Cardholder (CH) accounts. A. Write an exponential function that models the grow at an average annual rate of 5.7% for 2011 CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. After completing the course, please be sure to complete the survey at the end. Hotel Guest Bills. a. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). certificate that costs $25. After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. Gives DoD access to information about what its Components buy Which of the following is an appropriate circumstance for using a convenience check? CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. T02.E01, If Commercial, door-to-door shipping is not available for a Governmentwide Commercial Purchase Card purchase to be shipped overseas. Which of the following is an appropriate circumstance for using a convenience check? Which of the following information must be included on detailed/itemized receipts? What are three authorized uses of the Governmentwide Commercial Purchase Card? Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. c. conductive hearing loss Adverse personnel actions Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com 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. Similar in nature to a commercial credit card. COM. Currently, similar-risk stocks have required returns of 10 %. 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. 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? the cardholder temporarily loses card privilege's Small business 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 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. Small business 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. DoD's Governmentwide Commercial Purchase Card data to identify high-risk [Show more] Preview 2 out of 6 pages approving/billing officer 2. supervisor 3. agency/organization program coordinator If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must . What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's . 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? 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? avoid prompt payment interest 3. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. 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? Must be What are three advantages of using the Governmentwide Commercial Purchase Card? Interest penalties Convenience checks must be secured in a locked container (select the three that apply) - ANSWER-1. accept? Which of the following are you authorized to accept? 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} Small Business Purchases valued at more than $2,000. Reconcile the monthly Statement of Account Date on which the item/service was ordered. 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. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? Ensure adequate Funds are available to make the payment It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. 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//////. A purchase exceeds 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? No Ordering officer may be appointed until they have received training commensurate with their delegated authority b. assessment. Allow for maximum refunds- New \hline 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. 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 answer Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest question Open-market micro-purchases. 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? Prepare a graph for raw materials. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. Paying for repairs of privately owned equipment \quad\text{Basic}& 702,987 &687,910\\ 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 . 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. Recovery of costs from governmentwide commercial Purchase Card officials CLG 001. test_prep. Which of the following actions will be taken for failure to certify a Managing Account (MA) Billing Statement within 90 days of the billing cycle end date? Which three of the following statements about convenience checks are true? Which three of the following are advantages of using the Governmentwide commercial purchase card? What are three authorized uses of the Governmentwide Commercial Purchase Card? Hybrid Golf has 8 million shares of stock outstanding. Semi-Annual Head of activity Reviews///// A. 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. - 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. 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 What is the opportunity cost of your choice? 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? Splitting requirements to avid card thresholds. Who is responsible for verifying proof of delivery documentation for all Governmentwide Commercial Purchase Card transactions during their monthly transaction review? Suspected ethics violations should be reported to: Who is responsible for verifying proof of delivery for all governmentwide purchase card transactions during the monthly transaction review? spending was $2.7 trillion, and it was projected to \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? The government is not relieved of its obligation to pay for valid transactions made prior to the loss Contract payments. By Nutmegs 7 months ago QUESTIONS & ANSWERS $10 1 Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? b. Agency/Organization Program Coordinator involved a purchase amount above the micro-purchase threshold. Chamberlain College of Nursing. The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. False Authorized uses of the Governmentwide Commercial Purchase Card include: Company Registration Number: 61965243 Complete appropriate training Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Dame of the requestor Improves data quality and access. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. Which of the following are you authorized to accept? Failing to certify "Purchase Card Certification Statements" on time C. public notification. 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. It is used to solve problems in a variety of fields, including science, engineering, and finance. A. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. Transactions where the governmentwide commercial purchase card is used as a method of payment 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions, Authorized uses of the Governmentwide Commercial Purchase Card include (select three), a. Violating a specific-Use Policy. At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank Which three of the following are Cardholder. Each year, Lord & Taylor, Ltd., sets up a giftwrapping station to assist its customers with holiday shopping. Explain. COM. Who is the individual for ensuring the existence, accuracy, and legality of information on Which three of the following constitute cardholder fraud? Which three of the following constitute Cardholder fraud? C. A new card or checks are issued. Must not be Must be Is occasionally None of these Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? 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? 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, Which three of the following statements about convenience checks are true, Convenience checks must be secured in a locked container The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). There is no time limit for completing this course. Review and ensure all cardholder supporting documentation supports the payment. what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? Competition-Correct Account? After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. 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? Both companies can borrow at an 8% interest rate. Purchasing office supplies for home use The Government Commercial Purchase Card used as the method of payment for . Mathematics is the study of numbers, shapes, and patterns. Obtain Approval from the Agency/Organization Program Coordinator. /////////////. Funds must be available to cover the check value and the bank's processing fee 1. Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? Which three of the following are cardholder responsibilities in the Governmentwide Commercial Purchase Card Program? Are used to roll up Cardholder accounts, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. 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? CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the truck depreciation cost from year to year. b. Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. Clg 0010 dod governmentwide commercial purchase card. The Bank must close the account which three of the following are cardholder considerations before purchase? (Select the three that apply). CLG 0010 DoD Governmentwide Commercial Card Exam. 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 terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? f(x)f^{\prime}(x)f(x) and its graph are given. What is the Cardholder Statement of Account? CLG 0010 EXAM Which three of the following constitute Cardholder fraud? 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. How many Cardholder accounts may be rolled up under a Managing Account? T05.E03. Institution. \text{Weighted average number of shares outstanding (in thousands)}\\ Must not be Must be Is occasionally None of . CLGOO1O DoD Governmentwide Commercial Purchase Card Overview, Scored 96%. -Purchasing power tools for personal use 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. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its B. competition using public office for private gain Overseas purchases up to 25000 PUR. Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? 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. -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. Decrease penalties for faulty disputes At or below the micro-purchase Threshold from any vendor-Correct Open-market micro-purchases ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. Contract payment 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. Which of the following are you authorized to. QUESTION Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? f(x)=6x2x3(forf(x)=2x3x44)f^{\prime}(x)=6 x^2-x^3 \quad\left(\text { for } f(x)=2 x^3-\frac{x^4}{4}\right) 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? sydney daily telegraph archives,
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clg 0010 dod governmentwide commercial purchase card overview exam