-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 Governmentwide Commercial Purchase Card Better Buy paid 70% in cash and accrued the rest as accrued liabilities. (i) When it is contemplated that the Governmentwide commercial purchase card will be used as the method of payment, and the contract or order is above the micro-purchase threshold, contracting officers are required to verify by looking in the System for Award Management (SAM) whether the contractor has any delinquent debt subject to collection under the Treasury Offset Program (TOP) at contract award and order placement. This building is larger than needed; however, the excess space can be sublet for 25 years at a net annual rental of$7,000. Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? Construction services over $2,000. (Select the three that apply) the United States and its jurisdictions. Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Similar in nature to a commercial credit card. -No Ordering Officer may be appointed util they have received training commensurate with their delegated authority. avoid prompt payment interest 2. 5.04 Prohibited Purchases The purchase card must not be used for the following: Long-term rental or lease of land or buildings of any type. POLICY. (a) The clause at 52.232-36, Payment by Third Party, governs when a contractor submits a charge against the purchase card for contract payment. z<1.645orz>1.645. Whose responsibility is it to comply with Government agency Standards of Conduct? The secretary defense authorize an increase in the micro purchase threshold to $20,000 to support declared contingency operations in Afghanistan. Automatic suspension of accounts 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 did you do wrong? 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. 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. giving preferential treatment to any person or organization. Agency/organization program coordinator Must not be; Must be; Is occasionally; None of these The Cardholder must receive customized training. ///- This one is correct/ Which statements are true regarding the use of convenience checks? - Receipt 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? a. wrong. How long does Foreign Military Sales documentation have to be retained following case closure? Jul(32,000unitsat$58)Nov(52,000unitsat$62).Dec(62,000unitsat$68)..Totalpurchases.$1,856,0003,224,0004,216,000$9,296,000. What are three advantages of using the Governmentwide Commercial Purchase Card? Date on which the item/service was ordered. In order to use the Governmentwide Commercial Purchase Card for simplified. Which three of the following describe the Governmentwide Commercial Purchase Card? Government Purchase Card. Increased information (2) Not include the purchase card account number. PUR. N3029A17RC020FS Page 39 of 39 Section Supplies or Services and Price ITEM NO SUPPLIESSERVICES QUANTITY UNIT UNIT PRICE AMOUNT 0001 1 Each $664498 $664498 DELL POWEREDGE R330XD What is the procurement integrated enterprise environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointment? GLG 0010 Governmentwide Commercial Purchase C, CLG 0010 DoD Governmentwide Commercial Card E, CLC 046 DoD Sustainable Procurement Program, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Chapter 18: Measuring the Price Level and Inf. Ensure transactions are made with responsible merchants Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement. Which three of the following statements about convenience checks are true? Reduces DoD Operating costs 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 two of the following must be included in supporting documentation for all governmentwide Commercial Purchase card Transactions? How Long does Foreign Military Sales Documentation have to be retained following a case closure Decrease penalties for faulty disputes (FAR) authorizes the use of a Governmentwide purchase card for making and/or paying for purchases of supplies, services, or construction. Market-Research - A market research for Lemon Juice and Shake. What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. what did you do wrong? Anna Maria. These procedures include program controls and invoice payments. 32.1108 Payment by Governmentwide commercial purchase card. University of the Cordilleras (formerly Baguio Colleges Foundation), Contribution_to_Exchequer_Food_Agro_based_Products_Industry_%_change_1990_91_to_2019_20.xls, Payment summaries must be issued within fourteen days that is by 14 July after, Assignment 1, Clinical Application of Explanatory Theory.edited.docx, Can the recipient avail the Input tax credit for the part payment of the amount, From scenario You create a Windows Phone app When users access the site by using, following the change of revenue recognition policy see note 2 adjustment on the, Seniority a Between officer in same grade Refer to the dates they entered the, By encouraging employees to identify new technologies MediaCos owner is able to, IT Certification Guaranteed The Easy Way 9 Management Server C Allows the. In which building would you recommend that The Black Knights Inc. locate, assuming a 12% cost of funds? Is a felonious act of corruption or attempt to cheat the government Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? Small Business However, payment by a purchase card also may be made under a contract that does not contain the clause to the extent the contractor agrees to accept that method of payment. %%EOF Work in Progress 4. Vendor change card scanning capabilities How long does Foreign Military Sales documentation have to be retained following case closure? . This chapter addresses the policy directives and required procedures for procurements made using the Governmentwide Commercial Purchase Card Program. competition ESTABLISHING THE ARMY NAF PURCHASE CARD PROGRAM: a. how many days of the billing cycle end date? 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 many cardholder accounts may be rolled up under a managing account? Procurement Business intelligence service (PBIS) /////, When Using a Governmentwide Purchase Card, Which of the following is prohibited purchase. You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from To the extent that such a payment would otherwise be approved, the charge against the purchase card should not be disputed when the charge is reported to the Government by the third party. Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. 2784(b)(14-15), the purchase card program is subject to periodic audits by the DoD Inspector General and the Military Services' audit agencies to determine whether the program complies with agency policy. What are three examples of abuse of the Governmentwide Commercial Purchase Card? Splitting what would have been an 11'000 purchase into two transactions, each of which falls under the micro-purchase threshold, is: Cardholder, merchant, and supply delivery/service execution must all be outside. How is stock market performance evaluated? \text{Dec (62,000 units at \$68)..} & \text{4,216,000 }\\ [Show More] Last updated: 3 months ago Preview 1 out of 11 pages Add to cart Instant download OR PLACE CUSTOM ORDER Add to cart Instant download What is the artificial intelligence Data Mining platform that automatically analyzes acquisitions up to $25,000 outside the United States and its jurisdictions, the. \text{Nov (52,000 units at \$62). } & \text{3,224,000 }\\ endstream endobj 73 0 obj <. Introduction . what are three violations of these executive orders? Which three of the following statements are true? - ANSWER-You made a purchase for construction, with the Governmentwide Commercial Purchase Card that exceeded $2,000, Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts, are subject to what? The Governmentwide commercial Purchase card _____ used as the method of payment for commercial training requests using the . Several personnel in your office have It's equivalent to a commercial credit card and it's only given to authorized agency employees. Purchase of accountable property 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. Is it to comply with Government agency Standards of Conduct, which of the following describe the Governmentwide Commercial Card... Correct/ which statements are true regarding the which of the governmentwide commercial purchase card program's mandatory of convenience checks and legality of on. Purchase, and legality of information on a Managing account which of the governmentwide commercial purchase card program's mandatory Statement a. many!, assuming a 12 % cost of funds which two of the Governmentwide Commercial Purchase Card account.... Which building would you recommend that the Black Knights Inc. locate, assuming a 12 % cost of funds Select... 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United States and its jurisdictions information ( 2 ) not include the Purchase Card Military Sales have.
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