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CLG 0010 Exam Questions and Answers, Exams of Business Accounting

University of BristolBusiness Accounting

CLG 0010 Exam Questions and Answers 2025

Typology: Exams

2024/2025

Available from 07/06/2025

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CLG 0010 Exam Questions and Answers
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?
Internal Fraud
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 transaction date?
90
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?
Unauthorized commitment
10 United States Code 2784 requires specific corrective actions for Governmentwide
Commercial Purchase Card Program violations
False
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)
Authorized uses of the Governmentwide Commercial Purchase Card include (select
three)
a. Ordering Officer purchases and payments
b. Existing Government contracts
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"?
Abuse
How many Cardholder accounts may be rolled up under a Managing Account?
Seven
You receive a request to purchase construction services. After obtaining all
necessary approvals, you call the construction company, which advises you that
the cost for its services will total $2,400. You agree to make the purchase, and
the construction company accepts your Governmentwide Commercial Purchase
Card as the method of purchase. What did you do wrong?
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?
Increased scrutiny
What must the Cardholder do to become qualified to make Governmentwide
Commercial Purchase Card purchases up to $25,000 outside of the United States
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CLG 0010 Exam Questions and Answers

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? Internal Fraud 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 transaction date? 90 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? Unauthorized commitment 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations False 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) Authorized uses of the Governmentwide Commercial Purchase Card include (select three) a. Ordering Officer purchases and payments b. Existing Government contracts c. Commercial training requirements using the SF- Which of the following terms is defined as "the international use of the Government- issued charge card in violation of applicable regulations"? Abuse How many Cardholder accounts may be rolled up under a Managing Account? Seven You receive a request to purchase construction services. After obtaining all necessary approvals, you call the construction company, which advises you that the cost for its services will total $2,400. You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. What did you do wrong? You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2, Because they are a potential indicator of misuse, abuse, or fraud, delinquent accounts are subject to what? Increased scrutiny What must the Cardholder do to become qualified to make Governmentwide Commercial Purchase Card purchases up to $25,000 outside of the United States

and its jurisdictions? The Cardholder must receive customized training Which of the following is a Cardholder responsibility in the Governmentwide Commercial Purchase Card Program? Reconcile the monthly Statement of Account Which of the following is an appropriate circumstance for using a convenience check?

Coordinator Approving/Billing Officer Frustrated freight may never reach the intended recipient True Failure to certify a Managing Account Billing Statement is a timely manner results in what three things?

a. Interest penalties b. Automatic suspension of accounts c. Disruption to Government purchases Which three of the following describe the Governmentwide Commercial Purchase Card? a. Similar in nature to a commercial credit card b. Reduced invoicing costs c. Used to make mission-essential purchases You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. When you get back to the office, you realize that the envelope size will not meet the requirement, so you return the item to the merchant. Which of the following are you authorized to accept? Credit to your Cardholder account According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation. a. Adverse personnel actions b. Recovery of cost from Governmentwide Commercial Purchase Card officials 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 True The Governmentwide Commercial Purchase Card used as the method of payment for commercial training requests using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. Must be What are three advantages of using the Governmentwide Commercial Purchase Card? a. Enables the Government to earn refunds b. Gives DoD access to information about what its Components buy Reduces DoD invoicing costs A best practice calls for the Cardholders to reconcile transactions is the Statement of Account within how many days of the billing cycle end date? 3 Which three items describe external fraud? a. Is a felonious act of corruption or attempt to cheat the Government b. Includes billing for items not ordered c. Is committed by someone other than charge card program officials An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold False Once you establish a good working relationship with a particular supplier, you

What are three authorized uses of the Governmentwide Commercial Purchase Card? a. Open-market micro-purchases b. Contract payments