CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DoD Governmentwide Commercial Card E, CLG 0010 DOD GOV. Violating a specific-use policy At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? . The Bank must close the account \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ - ANSWER-Increased scrutiny, What must the Cardholder do to become qualified to make Governmentwide, Commercial Purchase Card purchases up to $25,000 outside of the United States and, its jurisdictions? At 90 days past due, what happens to all Cardholders accounts associated with a Managing . Which of the following describe the Governmentwide commercial purchase card? Which of the following is an appropriate circumstance for using a convenience check? Local. Clg 0010 dod governmentwide commercial purchase card. employee reimbursement by miscellaneous payment. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. A Best practice calls for the cardholder to reconcile transactions in the statement of account within how many days of the billing cycle end date? &\textbf{Recent Year}&\textbf{Prior Year}\\ Giving preferential treatment to any person or organization CLG 0010 Test Questions with correct answers (Guaranteed A+) (0) $6.49. Click the card to flip Definition 1 / 23 ? Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Used to make mission-essential purchases. CLG 001. . (Select two). b. Account? 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? b. Similar in nature to a commercial credit cardb. According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? PUR. \text{Weighted average number of shares outstanding (in thousands)}\\ DOD policy allows for GCP Card billing statement certification prior to certification that all items submitted for payment have been received in order to (select all three that apply). Similar in nature to a commercial credit card Small Business 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 answer Allow for maximum refunds Decrease penalties for faulty disputes Avoid prompt payment interest question Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. A best practice calls for the card holder to reconcile transactions in the statement of account within how many days of the billing cycle end date? Course Hero is not sponsored or endorsed by any college or university. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. 2. Total Dollar value of the transaction Which three of the following describe the Governmentwide Commercial Purchase Card? TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip 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) public notification. The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is $600\$ 600$600 or less. 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. Birdie Golf, Inc., has been in merger talks with Hybrid Golf Company for the past six months. Ordering Officer purchases and payments, c. Commercial training requirements using the SF-182, Which of the following terms is defined as "the international use of the Government-, issued charge card in violation of applicable regulations"? 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? 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? TO DO ///- This one is correct/ 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. In the African nation of Senegal, to enroll in school a child needs a birth The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits). Date on which the item/service was ordered, How many Cardholder accounts may be rolled up under a Managing Account? Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program? 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? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. B. CLG 0010: DoD Governmentwide Commercial Purchase Card Overview: Online Training (OLT) N/A: N/A: 4: 02-Jun-2020: CLG 006 : Certifying Officer Legislation Training for Purchase Card Payments: Online Training (OLT) N/A: N/A: 1: 05-Nov-2019: Feedback. 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? What is Step 2 of the Governmentwide Commercial Purchase Card Program process? Dame of the requestor Automatic suspension of accounts Hybrid Golf has 8 million shares of stock outstanding. Download. - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? Clarify mathematic. 703-805 . After completing the course, please be sure to complete the survey at the end. Which three of the following describe the Governmentwide Commercial Purchase Card? a. A. Wat are three examples of abuse of the Government Commercial Purchase Card? CLG 001 DoD Government Commercial Purchase Card. : an American History (Eric Foner), Business Law: Text and Cases (Kenneth W. Clarkson; Roger LeRoy Miller; Frank B. Ordering officers are established to provide DoD Components with the ability to make purchases against existing contracts to support their mission. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. the Cardholder must: T05.E05. &\textbf{(in millions)}&\textbf{(in millions)}\\ The primary somatosensory area of the cerebral hemispheres is found in the precentral gyrus. requirement, so you return the item to the merchant. There's a lot here, some of the questions I didn't get to and there's till even more that I haven't seen yet. C. A new card or checks are issued. Small business Target Attendees Increased information national health care spending, y, in trillions, as a Reconcile the monthly statement of account. 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. Which of the following is an appropriate circumstance for using a convenience check? After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. 300. points. False Authorized uses of the Governmentwide Commercial Purchase Card include: Splitting requirements to avid card thresholds. Terms of Use 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 Cardholders who have been formally granted the appropriate authority in their Letter of Delegation A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle. 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. What is the highest exchange ratio Birdie should be willing to pay and still undertake the merger? 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//////. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. Chamberlain College of Nursing. 20 laptops at $500 each for a total price of $10,000. The Government Commercial Purchase Card used as the method of payment for Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. 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? You made a purchase for construction with the governmentwide commercial purchase card that exceeded $2,000. Classify truck depreciation and raw materials as variable or fixed costs. 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? Funds must be available to cover the check value and the banks processing fee Reduced invoicing costs 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. Preliminary observations of one worker at the station produced the following sample time (in minutes per package): 3.5,3.2,4.13.5,3.2,4.13.5,3.2,4.1, 3.6, 3.9. The law requires the DOD to recover costs from GCP card officials who have used the governmentwide commercial purchase card for illegal, improper, or erroneous purchases. Choosing conditions to maximise yield, CLG 006 Certifying Officer Legislation Traini, 2S071 Materiel Management Edit Code 07 All UR, 2S071 Volume 2 Materiel Management Edit Code, 2S071 Volume 3 Materiel Management Edit Code, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Operations Management: Sustainability and Supply Chain Management, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, HORRIBLE HISTORIES - Rotten Romans - Basic Ti. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? 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? 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. \end{array} How many cardholder accounts may be rolled up under a managing account? How many Cardholder accounts may be rolled up under a Managing Account? Which of the following is a reason that 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: What is the Procurement Integrated Enterprise Environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointments? What are three advantages of using the Governmentwide Commercial Purchase Card? which three of the following are cardholder considerations before purchase? Purchase of accountable property What are three advantages of using the governmentwide commercial purchase card? CLG 0010 EXAM Which three of the following constitute Cardholder fraud? Transactions where the governmentwide commercial purchase card is used as a method of payment 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 Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. CLG 0010 EXAM - QUESTIONS & ANSWERS (SPRING 2022) What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's agents. what did you do wrong? Reconcile the monthly Statement of Account. Automatic suspension of accounts, Which three of the following constitute Cardholder fraud? Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card transactions during the monthly transaction review? Disruption to Government purchases. CLG 0010 Exam 100% Scored_ Spring 2022 1. Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. We're available through e-mail, live chat and Facebook. A. PUR. Quicker Payment Using public office for private gain, Which of the Governmetnwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews?T02.E02, 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 firm recently paid a dividend of $3 per share. Following; /////////////. What did you do wrong? CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. -Above or below the micro-purchase threshold against contract vehicles issued for the Component by a Contracting Officer that contain a provision authorizing order and payment by the GPC. Reduced invoicing costsc. Decrease penalties for faulty disputes Prior to certifying the Managing account billing statement for contract payment by Governmentwide commercial Purchase card, The approving/billing official must do what of two things? 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? An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. These procedures will address requirements related to which three of the following? The financial statements include all synergistic benefits from the merger. 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 . What was Campbells basic earnings per share in 2012 and 2013? spending was $2.7 trillion, and it was projected to Purchasing items or extra quantity of items for resale or to give away to relatives. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. Adverse personnel actions What are three authorized uses of the Governmentwide Commercial Purchase Card? B. price-icon . B. a. a. T03.E01, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. transactions? Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. Alabama State University. b. 1. Using simplified acquisition procedures above or below the micro-purchase threshold against federal supply contract vehicles certificate that costs $25. 20 laptops at $500 each for a total price of $10,000. (Select the three that apply). 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? Obtain Approval from the Agency/Organization Program Coordinator. Currently, similar-risk stocks have required returns of 10 %. a. 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. Gives DoD access to information about what its Components buy Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Which Governmentwide Commercial Purchase Card Program mandatory oversite procedure includes a consolidation of the previous six Monthly Agency/Organization Program Coordinator (A/OPC) Reviews. Avoid prompt payment interest, Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous monthly agency/organization program coordinator reviews. b. Reduces dod invoicing costs You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. 5 c. 15 d. 40. Contract payments This module was designed to provide individuals with a solid foundation for making Government Purchase Card (GPC) transactions in compliance with applicable laws, regulations, and policies. Explain. a. Privacy Statement, Stuvia is not sponsored or endorsed by any college or university, Pennsylvania State University - All Campuses, Rutgers University - New Brunswick/Piscataway, University Of Illinois - Urbana-Champaign, Essential Environment: The Science Behind the Stories, Everything's an Argument with 2016 MLA Update, Managerial Economics and Business Strategy, Primates of the World: An Illustrated Guide, The State of Texas: Government, Politics, and Policy, IELTS - International English Language Testing System, TOEFL - Test of English as a Foreign Language, USMLE - United States Medical Licensing Examination, CLG 0010 EXAM - QUESTIONS & ANSWERS (SPRING 2022). Interest penalties Is a felonious act of corruption or attempt to cheat the government 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 Enables the Government to earn refunds Semi-Annual Head of activity Reviews///// C. The Cardholder can request that the bank "stop payment" on a check, The law requires the DoD to recover cost from Governmentwide Commercial Purchase Card officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases. According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. Whose Responsibility is it to comply with government agency standards of conduct? Franklin will pay the entire note (principal and interest) on the notes maturity date. Sorry if its hard to read as well. Which three of the following describe the Governmentwide Commercial Purchase Card? After several rounds of negotiations, the offer under discussion is a cash offer of $250 million for Hybrid Golf. What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ -, ANSWER-A merchant does not accept payment by credit card, How long does Foreign Military Sales documentation have to be retained following case, 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. CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. The study documents help you better prepare for exams and get higher grades. Interest penalties CLG 0010 DoD Governmentwide Commercial Purchase Card Overview (Last modified:11/29/2022) Download Course Objectives. 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? What are three examples of abuse of the Governmentwide Commercial Purchase Card? What is the annual cost of a supervisor's workstation that is 100ft2100 \mathrm{ft}^2100ft2 in area? A. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). -Using Simplified Acquisition Procedures above or below the micro-purchase threshold against Federal Supply Contract vehicles. View more. Agency/Organization Program Coordinator////, In the event that a cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true. 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? CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? Open-market micro-purchases. Which of the following information must be included on detailed/itemized receipts? 3. Purchasing office supplies for home use. What is the Cardholder Statement of Account? Open-market micro-purchases There is no time limit for completing this course. Use the vertical axis for cost and the horizontal axis for cubic yards of cement. This price is several weeks income for many families. Defense Acquisition University. The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to The Government Commercial Purchase Card used as the method of payment for . 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. Which of the following terms is defined as "the intentional use of the government-issued charge card in violation of applicable regulations". Bryce believes the current cost of capital for Birdie Golf is 11%. Paying for repairs of privately owned equipmentc. Includes billing for items not ordered Paying for repairs of privately owned equipment 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? c. Purchasing items or extra quantity of items for resale or to give away to relatives. c. Total dollar value of the transaction, Whose responsibility is it to comply with Government agency Standards of Conduct? (b) Use the graph of f(x)f^{\prime}(x)f(x) to determine where f(x)>0f^{\prime \prime}(x)>0f(x)>0, where f(x)<0f^{\prime \prime}(x)<0f(x)<0, and where f(x)=0f^{\prime \prime}(x)=0f(x)=0. Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. Which of the following are you authorized to accept? CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the truck depreciation cost from year to year. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam.docx. test_prep. is committed by someone other than charge card program officials, CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DOD GOV. Which of the following are you authorized to You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. What is the opportunity cost of your choice? Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? \text{Total revenues}&\underline{\underline{\$37,567}}&\underline{\underline{\$27,006}}\\ Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. \hline A Cardholder's unauthorized purchase of power tools for personal useb. 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? the Cardholder can dispute a convenience check after payment has been made What are two advantages of the Procurement Integrated Enterprise Environment? /////, Frustrated freight may never reach the intended recipient. Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? involved a purchase amount above the micro-purchase threshold. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from T05.e01. \text{Europe }&10,827&10,886\\ 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