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What are a cardholder's responsibility in the GPC Program?

Splitting what would be a $4,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is:


what are three examples of abuse of the govermentwide commercial Purchase card?

Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card thresholds.


Is splitting a purchase a Government Purchase Card prohibition?

Yes!


Which method of purchase is most appropriate for requirements exceeding the micro-purchase threshold?

jkkhk.


Is an unauthorized commitment not binding solely because the agreement involved a purchase amount above the micro-purchase threshold?

An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold.


How can you purchase a home with a reverse mortgage?

Yes, the FHA HECM purchase program is available for purchase transactions.


Which of the following is NOT an appropriate circumstance for using a convenience check?

A purchase in excess of the micro-purchase threshold is required


What method of purchase is NOT normally used for open-market purchases over the micro-purchase threshold?

GPCC


What is the preferred method of solicitation for requirements over the micro-purchase threshold?

WRITTEN


Where can one find Business Transactions online?

You can find business transactions under your account on the website of the bank that you are a customer of. You can also view transactions from websites that you purchase goods from.


Why are purchase orders used in business transactions?

Purchase orders are used in business transactions to formalize and document the agreement between a buyer and a seller for the purchase of goods or services. They help ensure clarity, accuracy, and accountability in the transaction process.


What is Purchases day book?

Purchase Day Book is where u record all ur purchase transactions .