Must not be Must be Is occasionally None of these 2. Who is the individual for ensuring the existence . 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. \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. Increased Funding Whose responsibility is it to comply with Government agency Standa. COM. Must not be Must be Is occasionally None of these According to 10 united states code 2784, which two of the following could result from a governmentwide commercial purchase card program violation? The study documents help you better prepare for exams and get higher grades. Hotel Guest Bills. What are three advantages of using the Governmentwide Commercial Purchase Card? Ordering Officer purchases and 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. Download. If Birdie Golf buys Hybrid Golf, an immediate dividend of$67.5 million would be paid from Hybrid Golf to Birdie. Paying for repairs of privately owned equipment CARD OVERVIEW EXAM, Honors Spanish I - Day of the Dead Project, 96% CLGOO1O DoD Governmentwide Commercial Pur, CLG 001 DoD Government Commercial Purchase Ca, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Managerial Accounting- Supplemental Practice, Pathology and Common Symptoms Arthritis: OA,. Consider the following: a. the problem of gridlock b. the increase in the size of the United States. Includes billing for items not ordered Think of some of the options you have for spending time after school--sports practice, hobby clubs, work, or extra study, for example. Disruption to Government purchases. Stock in Birdie Golf currently sells for $87 per share, and the company has 18 million shares of stock outstanding. Last week she worked h overtime hours at double time. Which three of the following are cardholder considerations before purchase? CLG 0010 Exam with complete solutions who is responsible for verifying proof of delivery for all govermentwide commercial purchase card transactions during the monthly transaction review? Automatic suspension of accountsc. Must not be Must be Is occasionally None of . Use the vertical axis for cost and the horizontal axis for cubic yards of cement. Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card threshold, Commercial training requirements using the SF-, Is committed by someone other than charge card program official, CLG 0010 Do D Governmentwide Commercial Purchase Card Overview Exam, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, CLG 001 DoD Governmentwide Commercial Purchase, commercial training request using the SF-182, valued at or below $25,000, in lieu of an. DoD's Governmentwide Commercial Purchase Card data to identify high-risk, support declared contingency operations in Afghanistan. what are two advantages of the procurement integrated enterprise environment? What did you do wrong? d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? price-icon . \text{Total revenues}&\underline{\underline{\$37,567}}&\underline{\underline{\$27,006}}\\ Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Is a felonious act of corruption or attempt to cheat the Government 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. . 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? 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. 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? COM. 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. Reconcile the monthly Statement of Account Ensure disputes are tracked to resolution T05.e01. Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? T04.E02. payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? b. \text{Weighted average number of shares outstanding (in thousands)}\\ Small business Date on which the item/service was ordered. Agency/organization program coordinator Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? an Managing Account Billing Statement. After completing the course, please be sure to complete the survey at the end. Funds must be available to cover the check value and the banks processing fee which three of the following are cardholder considerations before purchase? You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. Objectives 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). Requires a Primary Approving/Billing Official Which of the following describe the Governmentwide commercial purchase card? PUR. Purchasing office supplies for home use 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. It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. 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. 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. In five years, the value of Hybrid Golf is expected to be$270 million. Ordering officer purchases and payments 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? 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. 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 certificate that costs $25. - ANSWER-, 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, 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? When a merchant does not accept payment by credit card. price-icon. Account? T07.E01, failing to certify Purchase Card Certification Statements" on time B. Competition-Correct Bundle contains 3 documents. (d) Calculate f(x)f^{\prime \prime}(x)f(x) and graph it to check your conclusions in part (b). f(x)f^{\prime}(x)f(x) and its graph are given. You made a purchase for construction with the governmentwide commercial purchase card that exceeded $2,000. how many days of the billing cycle end date? CLG 0010 DoD Governmentwide Commercial Purchase Card Overview 4.7 (3 reviews) Term 1 / 23 Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? Which of the following is a cardholder responsibility in the governmentwide commercial purchase card program? You receive a request to purchase construction services. Which three of the following describe the Governmentwide Commercial Purchase Card? DoD's Governmentwide Commercial Purchase Card data to identify high-risk CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. Any exams in this course must be passed with a minimum score of 80%. Contract payments. Exceeding the applicable micro-purchase Threshold Open-market micro-purchases Both companies have niche markets in the golf club industry, and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing, as well as significant savings in general and administrative expenses. purchasing items or extra quantity of items for resale or to give away to relatives Clg 001 test answers - Keep reading to learn more about Clg 001 test answers and how to use it. What are three examples of abuse of the Governmentwide Commercial Purchase Card? 1. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. 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. Bryce believes the current cost of capital for Birdie Golf is 11%. 20 laptops at $500 each for a total price of $10,000. 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? Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Take this Answer sheet with a grain of salt. what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? Write an exponential function that models the Similar in nature to a commercial credit card Adverse personnel actions order now. 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. The firm recently paid a dividend of $3 per share. When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. b. Quicker Payment Institution. T02.E03, 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?T05.E02, Cardholder must receive customized training, Executive Order 12674 and 12731 form the foundational policy on the ethical conduct of Federal employees. CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. Alabama State University. C. public notification. At or below the micro-purchase Threshold from any vendor-Correct Monthly Agency/organization program coordinator reviews///// Bryce Bichon, the financial officer for Birdie, has been instrumental in the merger negotiations. Which Governmentwide Commercial Purchase Card Program mandatory program oversight procedure is used to detect and prevent improper purchases? 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? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. Automatic suspension of all Cardholder (CH) accounts. No Ordering officer may be appointed until they have received training commensurate with their delegated authority Based on this small sample, what number of observations would be necessary to determine the true cycle time with a 95%95 \%95% confidence level and an accuracy of 5%\pm 5 \%5% ? You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. Which of the following are you authorized to accept? The Governmentwide Commercial Purchase Card ___ used as the method of payment for commercial training requests using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. What is the opportunity cost of your choice? The Cardholder can request that the bank "stop payment" on a check The law requires the DoD to recover cost from Governmentwide Commercial PurchaseCard officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases - ANSWER-True Which of the following is the term for a shipment of supplies or /////////////. national health care spending, y, in trillions, as a Who is responsible for making regular reviews of existing cardholders and their monthly spending limits? 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? CLG 0010 DoD Government wide Commercial Purchase Card Answered-2022. 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. Several personnel in your office have been needing new laptops, so this is a god time to take advantage of the increase and purchase 20 laptops at $500 each, for a total price of $10,000. the Cardholder can dispute a convenience check after payment has been made 2. b. You receive a request to purchase construction services. Which three of the following statements are true? Funds must be available to cover the check value and the bank's processing fee Which three items describe external fraud? HESI A2 summaries, notes, assignments and practice exams for University. jurisdiction. CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. what are three violations of these executive orders? Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? - ANSWER-Reconcile the monthly Statement of, Which of the following is an appropriate circumstance for using a convenience check? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam, Exams for Financial Accounting. Click the card to flip Definition 1 / 23 ? Are used to roll up cardholder accounts-New, Whos responsibility is it to comply with Government agency standards of conduct, Agency/Organization Program Coordinator Enables the Government to earn refunds At 90 days past due, what happens to all Cardholder accounts associated with a Managing Account? T05.E03. The Government Commercial Purchase Card _________ used as the method of payment for commercial training request using the SF-182, valued at o. Which one of the following is an advantage of using the Governmentwide Commercial Purchase Card? Component Program Managers, Oversight Agency/Organization Program Coordinators, Primary and Alternate Agency/Organization Program Coordinators, Primary and Alternate Approving/Billing Officials, Cardholders, Convenience Check Writers, and Certifying Officers seeking to satisfy mandatory and refresher training for the DoD Purchase Card Program and those who have roles within the Government Purchase Card Program for which this course is recommended training. You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. Approving/Billing Officer, Frustrated freight may never reach the intended recipient. 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? How long does Foreign Military Sales documentation have to be retained following case closure? (Select the three that apply. - ANSWER-True, Cardholders may be granted authority to use their Governmentwide Commercial, Purchase Card accounts to make payments against contracts. 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. may use the GPC to make simplified acquisitions up to $25,000 outside of the United States and its Several personnel in your office have transactions? The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. using public office for private gain Provide a vertical analysis of the regional segment revenues for both years. Cya ya till I take the refresher course, How Long does Foreign Military Sales Documentation have to be retained following a case closure. Must not be Must be Is occasionally None of these 2. A Cardholder's unauthorized purchase of power tools for personal use A. PUR. requirement, so you return the item to the merchant. Bryce has prepared the following pro forma financial statements for Hybrid Golf assuming the merger takes place. Which three of the following are advantages of using the Governmentwide commercial purchase card? \text{Other Countries \& Corprate}&\underline{1,535}&\underline{1,572}\\ d. Given your calculation in part c, would you buy the additional shares from your broker at$ 73 per share? Prepare a graph for truck depreciation. 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. giving preferential treatment to any person or organization. A. 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? B. How many Cardholder accounts may be rolled up under a Managing Account? competition Which three of the following are Cardholder. COM. Disruption to Government Purchases. Vendor change card scanning capabilities 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? Complete appropriate training -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. Work in Progress The office costs are $87,360\$ 87,360$87,360 a year including rent, heating, cooling, lighting, and maintenance. b. Interest penalties Objectives Download Course Objectives Target Attendees A document reflecting all purchases and credits that have been posted to the CH's account during a 30-day billing cycle.