The Governmentwide purchase card may be used to (1) Make micro-purchases; (2) Place a task or delivery order (if authorized in the basic contract, basic ordering agreement, or blanket purchase agreement; or (3) Make payments, when the contractor agrees to accept payment by the card. Show
What are three examples of abuse of the government commercial purchase card?Examples of misuse include: (1) purchases that exceed the cardholder’s limit; (2) purchases not authorized by the agency; (3) purchases for which no funding exists; (4) purchases for personal consumption; (5) purchases that do not comply with the Federal Acquisition Regulation (FAR) and/or other applicable procurement … What is considered a micro purchase? A micro-purchase is an acquisition of products or services where the amount of the transaction does not exceed $3,500. However, if the local purchase threshold amount is less than $3,500, the organization would use its local purchase threshold because it is more restrictive. What is the single purchase limit for GPC?Maximum GPC purchase limit $per purchase. What are three advantages of using the GPC?Using Government wide Commercial Purchase Card has advantages such as they earn refunds, increased information and quicker payments. The cards do not increase funding. What is an advantage of using the GPC? The main objective of the GPC is to provide an efficient method of purchasing and paying for low value, non-recurring goods and services which reduces the disproportionate time, effort and associated paperwork (and therefore cost) required when raising and processing large numbers of low value purchase orders, invoices … What must the cardholder do to become qualified to make GPC purchases up to $25 000?Explanation: To qualify for making GPC purchases up to $25,000 outside the U.S. and its jurisdiction, the CH can be located within the United States as long as the merchant and supply/delivery execution is outside the United States and its jurisdiction. What documentation is acceptable for GPC transactions?Cardholders are responsible for maintaining proper documentation regarding the GPC, such as: Written requests, ● Funding availability, ● Purchase log, ● Local purchase authority, and ● Property book procedures as appropriate. Who is responsible for verifying proof of delivery documentation for all GPC transactions during the monthly transaction review? Explanation: CH or A/BO’s are responsible for verifying proof of delivery documentation for all GPC transactions during the monthly transaction review. Which of the following is a cardholder responsibility in the GPC program?The Cardholder is responsible for the following: 1. Completing all required training prior to being issued a Purchase Card. 2. Purchasing goods or services in accordance with established Department policy, procurement regulations, and individual internal office procedures. What is a GPC split purchase?Answer: A split purchase occurs when a requirement that exceeds a CH’s single purchase limit is separated into two or more buys as a means of getting around the purchase limit. No CH may fragment/split purchases that exceed their single purchase limit as means to use the GPC. Which Governmentwide commercial purchase card program is mandatory? The Semi-Annual Head of Activity Reviews is the Governmentwide commercial purchase card program that is mandatory on oversight procedures hence a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews. How long does foreign military sales documentation have to be retained?10 years What are three pieces of information that should be included in the cardholder purchase log?Bids must include the vendor or catalog name, catalog page number (if applicable), product number, and item price. Cardholders must maintain a file for bid information and Sole Source Justification statements for audit purposes. Each log entry is composed of one line with six data fields applicable to an order. What are three situations in which the acceptor must ensure written independent receipt and acceptance? In step 12 of the governmentwide commercial purchase card program process, the three situations in which the acceptor must ensure written independent receipt and acceptance are; Purchases valued at more than $2,000, Purchase of accountable property and transaction where the Governmentwide Commercial Purchase Cars is … What is the cardholder statement of account quizlet?What is the Cardholder Statement of Account? A document reflecting all purchases and credits that have been posted to the CH’s account during a 30-day billing cycle. What is the cardholder statement of account?1) What is the Cardholder Statement of Account? A document containing all purchases, credits and other transaction data that the cardholder has made in the 30-day billing cycle. What is the government purchase card used for? The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services. The GPC provides “on the spot” purchasing, receiving, and payment authority for individuals other than contracting or purchasing officers. How many days does a cardholder have to dispute an unauthorized purchase card transaction?45 days
#1 Who is responsible for making regular reviews of existing Cardholders and their monthlyspending limits?1.Agency/ Organization Program/ Coordinators2.Approving/ Billing Officials3.Certifying Officers4.Supervisors#2 Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program?#3 In step 10 the Governmentwide Commercial Purchase Card program, what are THREE Get answer to your question and much more pieces of information that should be included in the Cardholder Purchase Log? Get answer to your question and much more #4 What is the Procurement Integrated Enterprise Environment module used to imitate,review, approve, store, and terminate required delegations of procurement authority and/ orappointments?Joint Appointment Model Get answer to your question and much more #5 Which THREE of the following are advantages of using the Government CommercialPurchase Card?Earn refundsIncreased Information Increased fundingQuicker payments#6 What are THRE authorized uses of the Governmentwide Commercial Purchase Card? Get answer to your question and much more #7 in the event that a Cardholder reports a misplaced, lost, or stolen card, or check, whichTHREE of the following are true?#8 You use your Governmentwide Commercial Purchase Card to purchase a case of Get answer to your question and much more envelopes from a merchant. When you get back to the office, you realize that the envelope Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 6 pages? Upload your study docs or become a Course Hero member to access this document Credit card, Governmentwide Commercial |
In step 12 of the governmentwide commercial purchase card program process, what are three situations
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