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? Approving/Billing Officer, Frustrated freight may never reach the intended recipient. B. CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, Education philosophy; A neuroscientist reveal, 03. 2. DoD's Governmentwide Commercial Purchase Card data to identify high-risk You are interested in purchasing the common stock of Azure Corporation. 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 the price of $10,000. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Which of the following are you authorized to. Improves data quality and access. (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. f(x)=6x2x3(forf(x)=2x34x4), Hearing aids might be effective for treating Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. How many Cardholder accounts may be rolled up under a Managing Account? Which three of the following constitute cardholder fraud? CLG001 DoD Govenmentwide Commercial Purchase Card Overview Exam. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. a. 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). 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"? Small business \text{Net income (in thousands)}& \$1,456,091 &\$1,200,472\\ Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. Terms of Use You receive a request to purchase construction services. HESI A2 summaries, notes, assignments and practice exams for University. B. You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. who is responsible for making regular reviews of existing cardholders and their monthly spending limit, in step 12 of the governmentwide commercial purchase card program process, what are three, Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? - 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? Which of the following is an appropriate circumstance for using a convenience check? 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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 A. 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Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Which three of the following statements about convenience checks are true? C. A new card or checks are issued. Ordering Officer purchases and payments. What are three authorized uses of the Governmentwide Commercial Purchase Card? Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. \text{Total revenues}&\underline{\underline{\$37,567}}&\underline{\underline{\$27,006}}\\ Purchases valued at more than $2,000. -Paying for repairs of privately owned equipment Slashes mean its wrong an Managing Account Billing Statement. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. A. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview. 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, Which three of the following statements about convenience checks are true, Convenience checks must be secured in a locked container (select the three that apply), If commercial, door-to-door shipping is not available for GPC purchase to be shipped overseas, the card holder must, Coordinate with a transportation service support office before initiating the transaction. Reduces DoD Operating costs Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? been needing new laptops, so this is a good time to take advantage of the increase and purchase According to 10 United States Code 2784, Which two of he following could result from a Governmentwide Commercial Purchase Card Program violation? 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Prepare a graph for raw materials. \end{array} Similar in nature to a commercial credit card 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? 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 Explain. 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? Suspected ethics violations should be reported to: 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, Allow for maximum refunds James Madison believed that the Constitution would produce effective government and good policies. CLG 0010 DoD Governmentwide Commercial Card Exam.pdf. Authorized uses of the Governmentwide Commercial Purchase Card include (select three) correct answers Existing Government contracts Ordering Officer purchases and payments Commercial training requirements using the SF-182 What are 2 advantages of the Procurement Integrated . Public Notification-Correct Decrease penalties for faulty disputes Specifically, he has asked you to answer the following questions. Suspected ethics violations should be reported to: When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. What are three advantages of using the governmentwide commercial purchase card? a. Used to make mission-Essential Purchases CLG 001 DoD Governmentwide Commercial Purchase Card Overview THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. d. interaural time differences, Who is responsible for verifying proof of delivery for all Governmentwide Commercial Purchase Card transactions during the monthly transaction review? TO DO Franklin will pay the entire note (principal and interest) on the notes maturity date. Reconcile the monthly Statement of Account Open-Market Micro-Purchases What are three examples of misuse of the governmentwide commercial Purchase card? Which three of the following statements about convenience checks are true? Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. Splitting requirements to avid card thresholds. A merchant does not accept payment by credit card. Overseas purchases up to 25000 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. PUR. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 2022 100% CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100% 1. Enables the Government to earn refunds What is the opportunity cost of your choice? public notification. CLG 0010 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. Purchase of accountable property Which of the following is an appropriate circumstance for using a convenience check? The financial statements include all synergistic benefits from the merger. What is the highest exchange ratio Birdie should be willing to pay and still undertake the merger? TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip Which of the following is an appropriate circumstance for using a convenience check? Express her total weekly salary algebraically. transactions? 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% ? 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? Any exams in this course must be passed with a minimum score of 80%. At or below the micro-purchase Threshold from any vendor-Correct A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions, Once you establish a good working relationship with a particular supplier, you should make all of your purchases from that supplier. Date on which the item/service was ordered Which three of the following statements are true? Download. 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.
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