Government purchase card Study guides, Class notes & Summaries

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

DoD Government Purchase Card Refresher Training

CLG 0010 DoD Government wide Commercial Card Exam with Verified 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 management internal controls? Daily Data Mining Case Reviews ////// Semi-annual head of activity reviews//// Procurement Management Reviews/////// How Long does Foreign Military Sales Documentation have to be retained foll...

DOD Government Purchase Card Refresher Training Questions and Answers Rated A+ The limitation for convenience check (CC) accounts for overseas contingencies differs from the regular CC account limitation in that it allows for transactions up to $10,000. True An Approving Officer (AO) responsible for originating, approving, or processing the requirement for a check may also be a convenience check custodian. False Cardholders in contracting organizations must comply with Federal Acq...

DoD Government Purchase Card Refresher Training Questions with Complete Solutions

DoD Government Purchase Card Refresher Training The limitation for convenience check (CC) accounts for overseas contingencies differs from the regular CC account limitation in that it allows for transactions up to $10,000. - True An Approving Officer (AO) responsible for originating, approving, or processing the requirement for a check may also be a convenience check custodian. - False Cardholders in contracting organizations must comply with Federal Acquisition Regulation (FAR) r...

DoD Government Purchase Card Refresher Training Questions with Complete Solutions

The limitation for convenience check (CC) accounts for overseas contingencies differs from the regular CC account limitation in that it allows for transactions up to $10,000. True An Approving Officer (AO) responsible for originating, approving, or processing the requirement for a check may also be a convenience check custodian. False Cardholders in contracting organizations must comply with Federal Acquisition Regulation (FAR) requirements when the card is used as a payment meth...

Government Purchase Card (GPC) Exam Review Qs&As

The limitation for convenience check (CC) accounts for overseas contingencies differs from the regular CC account limitation in that it allows for transactions up to $10,000. : True An Approving Officer (AO) responsible for originating, approving, or processing the requirement for a check may also be a convenience check custodian. : False Cardholders in contracting organizations must comply with Federal Acquisition Regulation (FAR) requirements when the card is used as a payment method...

DoD Government Purchase Card Refresher Training Q & A Solved 100% Correct!!