Purchase card overview - Study guides, Class notes & Summaries

2024 CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Lesson 6 Complete Questions & Answers (Solved) 100% Correct 1. Unauthorized Commitments and Ratifications Answer: An unauthorized commitmentis an agreement that is not binding solely because the Government representativewho made it lacked the authority to enter into that agreement on behalf of the Government. Only individuals who have received a written delegation of procurement authoritymay bind the Government. A r...

CLG 001 DoD Government Commercial Purchase Card Overview Exam With 100% Verified Solutions 2024/2025

CLG001 DoD Government wide Commercial Purchase Card Overview Exam Completed with Answers

2024 CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Lesson 2 Complete Questions & Answers (Solved) 100% Correct 1. GPC Program Oversight Answer: DoD Instruction (DoDI) 5010.40, "Managers' InternalControl Program Procedures," requires DoD organizations to implement internal controls. Oversight is conducted to: Validate and promote compliance with existing purchasing and management internal controls. Identify, report on, and resolve systemic material program weaknesses....

What are three examples of abuse of the Governmentwide Commercial Purchase Card? - Answer -Splitting requirements to avoid card thresholds -Violating a specific-use policy -Exceeding the applicable micro-purchase threshold wrong Which three of the following constitute Cardholder fraud? - Answer -A Cardholder's unauthorized purchase of power tools for personal use -Purchasing items or extra quantity of items for resale or to give away to relatives -Paying for repairs of privately own...

GLG 0010 Governmentwide Commercial Purchase Card Overview Exam | 50 Questions with 100% Correct Answers | Latest Update | Verified

2024 CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Lesson 5 Complete Questions & Answers (Solved) 100% Correct 1. Convenience Checks Answer: Occasionally, unique/rare cases arise where, for example, a merchant does not accept payment by credit card, orit is not practical to pay foritems using traditional procurement methods.In these cases, the GPC conveniencechecks can be used. Fees associated with the use of convenience checks are specified in the General Services Admin...

2024 CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Lesson 3 Complete Questions & Answers (Solved) 100% Correct 1. Micro-Purchase Thresholds Answer: The GPC Program streamlines the acquisition processto obtain supplies,services, and construction under micro-purchase thresh-olds. When using the GPC to make an open market micro-purchase, the cost of the supplies, services, or construction shall not exceed the aggregate (total) amountof the applicable threshold. The Fede...

CLG 0010 DoD Governmentwide Commercial Purchase Card Overview 1. Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? - Approving/Billing Official. 2. Which three of the following describe the Governmentwide Commercial Purchase Card? - - Used to make mission-essential purchases - - Reduced invoicing costs - - Similar in nature to a commercial credit card. 3. Who is the individual res...

CLG 001 DoD Government Commercial Purchase Card Overview Exam