Clg001 - Study guides, Class notes & Summaries

Exam (elaborations) CLG 0010 (clg0010) 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? - CORRECT ANSWER Internal Fraud 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? - CORRECT ANSWER 90 Which of the following is an agreement that is not bindi...

Exam (elaborations) CLG 0010 DoD Governmentwide Commercial Purchase (CLG0010DOD) 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? - CORRECT ANSWER Daily Data Mining Case Reviews ////// Semi-annual head of activity reviews//// Procurement Management Reviews/////// How Long does Foreign Military Sales Documentation hav...

CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam

Used for travel and fuel Used to make mission-essential purchases Similar in nature to a commercial credit card Reduces invoicing costs 2) Which of the following is the last step of the GPC Program process flow? [Recognize the governing process flow of the GPC Program.] The Defense Finance and Accounting Service pays the bank. The merchant transmits purchases for processing. The CH obtains required approvals. The A/BO signs a certification statement. 3) Which of the f...

CLG001 DoD Government wide Commercial Purchase Card Overview Exam-2023

CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam

Unauthorized Commitments and Ratifications Correct Answer An unauthorized commitment 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. Only individuals who have received a written delegation of procurement authority may bind the Government. A ratification is the act of approving an unauthorized commitment by an official who has the authority to do so. GPC Cardholders (CHs) ...

CLG 001_ Fiscal Law Exam version 2, Questions & Answers-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. Expenditure of appropriated funds is proper only when 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. QUESTION 2 20 points ...

CLG 0010 Exam 100% Scored_ Spring 2023 1. 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? 2. 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? 3. Which of the following is an agreement that is not binding solely because the Government representa...