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Bryce Bichon, the financial officer for Birdie, has been instrumental in the merger negotiations. using public office for private gain 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? Which of the following are you authorized to When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. test_prep. It is used to solve problems in a variety of fields, including science, engineering, and finance. What is the Cardholder Statement of Account? \end{array} 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 ///////. CLG 0010 Exam 2022 Graded A What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Governments agents by charge card program officials. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution What are three authorized uses of the Governmentwide Commercial Purchase Card? View more. Vendor change card scanning capabilities Write an exponential function that models the Purchase of accountable property Interest penalties - ANSWER-The Cardholder must receive customized training, Which of the following is a Cardholder responsibility in the Governmentwide, Commercial Purchase Card Program? B. requirement, so you return the item to the merchant. 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} 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, which two of the following must be included in supporting documentation for all governmentwide commerical purchase card transactions, Frustrated freight may never reach the intended recipient, CLG 0010 DOD GOV. CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. Decrease penalties for faulty disputes Any exams in this course must be passed with a minimum score of 80%. Automatic suspension of accounts Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. an Managing Account Billing Statement. 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? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. No Ordering officer may be appointed until they have received training commensurate with their delegated authority a merchant. c. Purchasing items or extra quantity of items for resale or to give away to relatives. 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. Used to make mission-essential purchases. grow at an average annual rate of 5.7% for 2011 price-icon. Which of the following is an appropriate circumstance for using a convenience check? (Select the three that apply. At or below the micro-purchase threshold against federal supply schedule contracts, fedmall, or other ordering systems that are authorized in component procedures.-Blank ////, What is the artificial intelligence data mining platform that automatically analyzes the DOD' Governmentwide commercial Purchase card data to identify high-risk transactions. TO DO Similar in nature to a commercial credit card CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Reduces DoD Operating costs CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. B. T01.E03, Name of requester CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last Modified:29-Nov-2022) . Several Personnel in your office have been needing new laptops, so this is a good time to take advantage of the increase and purchase 20 laptops at $500 each, for a total price of $10,000, 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, Avoid Prompt payment interests Which three items describe external fraud, Includes billing for items not ordered a. b. accept? \hline a. T05.e01. 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. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? T03.E02, What is he Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments? Open-Market Micro-Purchases Contract payment ///- This one is correct/ b. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. The financial statements include all synergistic benefits from the merger. PUR. How many Cardholder accounts may be rolled up under a Managing Account? C. public notification. PUR. Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. Which three of the following constitute cardholder fraud? These procedures will address requirements related to which three of the following? Defrauding the government Reconcile the monthly Statement of Account c. Ordering Officer purchases and payments. 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? Consider the following: a. the problem of gridlock b. the increase in the size of the United States. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. 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. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. 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. What are three examples of misuse of the governmentwide commercial Purchase card? Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? how many days of the billing cycle end date? James Madison believed that the Constitution would produce effective government and good policies. Several personnel in your office have f(x)=6x2x3(forf(x)=2x34x4), Hearing aids might be effective for treating Must not be Must be Is occasionally None of . Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Funds must be available to cover the check value and the banks processing fee -Paying for repairs of privately owned equipment In the African nation of Senegal, to enroll in school a child needs a birth 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? Requires a Primary Approving/Billing Official Procurement Business intelligence service (PBIS) /////, When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following? Round whole percents to one decimal place. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. . Enables the Government to earn refunds T06.E02. Includes billing for items not ordered What did you do wrong? CLG 001. through 2021. Allow for maximum refunds- New The accountant will use a sample of future weekend guest bills to test the manager's claim. commercial training request using the SF-182, valued at or below $25,000, in lieu of an 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. Classify truck depreciation and raw materials as variable or fixed costs. 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. Objectives Download Course Objectives Target Attendees 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 What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? ( c ) Verify that the given f(x)f(x)f(x) has f(x)f^{\prime}(x)f(x) as its derivative, and graph f(x)f(x)f(x) to check your conclusions in part (a). Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true? Which three of the following statements are true? Objectives Total dollar value of the transaction Disruption to Government purchases. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. Smith Concrete Company owns enough ready-mix trucks to deliver up to 100,000 cubic yards of concrete per year (considering each trucks capacity, weather, and distance to each job). A. Paying for repairs of privately owned equipment, in step 12 of the governmentwide commercial purchase card program process, what are three Situations in which the acceptor must ensure written independent receipt and acceptance, Purchase of accountable property avoid pecuniary liability, 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, Which three of the following constitute cardholder fraud, A cardholder's unauthorized purchase of power tools for personal use