Public AdministrationProcurement
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Governmentwide Commercial Purchase Card Program and Policies Quiz

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#1

Which agency is responsible for overseeing the Governmentwide Commercial Purchase Card Program?

General Services Administration
Explanation

GSA oversees the program.

#2

What is the primary purpose of the Governmentwide Commercial Purchase Card Program?

To streamline procurement processes for small purchases
Explanation

The program aims to simplify small purchase procurement.

#3

What is the maximum dollar threshold for purchases made using the Governmentwide Commercial Purchase Card without obtaining additional approvals?

$25,000
Explanation

Up to $25,000 without additional approvals.

#4

Which of the following statements about the micro-purchase threshold for Governmentwide Commercial Purchase Card transactions is true?

It is set at $10,000.
Explanation

Micro-purchase threshold is $10,000.

#5

Which of the following is NOT a required participant in the Governmentwide Commercial Purchase Card Program?

Vendor Representatives
Explanation

Vendor Representatives are not required participants.

#6

What is the purpose of a Convenience Check in the context of the Governmentwide Commercial Purchase Card Program?

To facilitate emergency purchases when the card is unavailable
Explanation

Convenience Check is for emergency purchases.

#7

Which of the following is NOT a key benefit of using purchase cards in government procurement?

Enhanced security of sensitive information
Explanation

Enhanced security is not a key benefit.

#8

What is one of the main challenges associated with implementing and managing a Governmentwide Commercial Purchase Card Program?

Inadequate training for cardholders
Explanation

A challenge is insufficient training for cardholders.

#9

What is a commonly used method for monitoring and controlling purchase card transactions to prevent misuse and fraud?

Real-time transaction monitoring software
Explanation

Real-time monitoring software is commonly used.

#10

In the event of a lost or stolen purchase card, what is the first step a cardholder should take?

Immediately report it to the agency's designated point of contact
Explanation

Report loss immediately to the designated contact.

#11

Which of the following is NOT typically considered an allowable expense when using a Governmentwide Commercial Purchase Card?

Personal entertainment
Explanation

Personal entertainment is not an allowable expense.

#12

What is the primary purpose of the Single Transaction Limit (STL) on a Governmentwide Commercial Purchase Card?

To limit the total amount that can be spent on a single purchase
Explanation

STL limits the total amount for a single purchase.

#13

Which federal regulation governs the use of purchase cards in government agencies?

Federal Acquisition Regulation (FAR)
Explanation

FAR governs purchase card use.

#14

What role does the Agency/Organization Program Coordinator (A/OPC) play in the Governmentwide Commercial Purchase Card Program?

Provides training and support to cardholders
Explanation

A/OPC offers training and support to cardholders.

#15

Which federal agency oversees compliance with the regulations governing the Governmentwide Commercial Purchase Card Program?

Office of Management and Budget
Explanation

OMB oversees compliance with program regulations.

#16

Which federal law provides the statutory authority for the Governmentwide Commercial Purchase Card Program?

Federal Property and Administrative Services Act
Explanation

The program is authorized by the Federal Property and Administrative Services Act.

#17

In the context of the Governmentwide Commercial Purchase Card Program, what is the purpose of the Merchant Category Code (MCC)?

To categorize the type of goods or services purchased
Explanation

MCC categorizes purchased goods or services.

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