How many Cardholder accounts may be rolled up under a Managing Account?

How many Cardholder accounts may be rolled up under a Managing Account?

• A. Five
• B. Seven
• C. Ten
• D. Eight

Answer: (B)

The correct answer is that a Managing Account can roll up to seven Cardholder accounts. This structure is established to ensure effective oversight and management of multiple purchase card activities while maintaining a clear accountability framework. The limit of seven accounts allows for efficient monitoring and reporting by the managing account holder while preventing the complexities that could arise from managing too many accounts at once. This also helps ensure compliance with regulatory requirements and facilitates better resource allocation and budget management within the agency or organization utilizing the GPC program.

The correct answer is that a Managing Account can roll up to seven Cardholder accounts. This structure is established to ensure effective oversight and management of multiple purchase card activities while maintaining a clear accountability framework.

The limit of seven accounts allows for efficient monitoring and reporting by the managing account holder while preventing the complexities that could arise from managing too many accounts at once. This also helps ensure compliance with regulatory requirements and facilitates better resource allocation and budget management within the agency or organization utilizing the GPC program.