Which of the following terms is defined as "the intentional use of the Government-issued charge card in violation of applicable regulations"? Correct Answer- Abuse Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? Correct Answer- Quicker Payments Increased Funding Increased Information Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement? Correct Answer- Certifying Officer What are two advantages of the Procurement Integrated Enterprise Environment? Correct Answer- ??? Improves Data Quality and Access Reduces DoD Operating Costs When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Correct Answer- Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Correct Answer- False  Authorized uses of the Governmentwide Commercial Purchase Card include: Correct Answer- Ordering Officer purchases and payments Commercial training requirements using the SF-182 Existing Government contracts Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Correct Answer- a. Interest penaltiesb. Automatic suspension of accountsc. Disruption to Government purchases what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? Correct Answer- ??? Determine when and where the card/checks were last used. 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


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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!
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