Clg 0010 Study Guide Questions And Correct Answers

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 {Ans: Frustrated Freight}10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations {Ans: False}In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which three of the following are true? {Ans: A new card or checks are issues, The Government is not relieved of its obligation to pay for valid transactions made prior to the loss, the bank must close the account}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. {Ans: True}Which three of the following describe the Governmentwide Commercial Purchase Card? {Ans: a. Similar in nature to a commercial credit card b. Reduced invoicing costs c. Used to make mission-essential purchases}Which of the Governmentwide Commercial Purchase card Program's mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? {Ans: