What is one potential risk associated with the GPC program?

What is one potential risk associated with the GPC program?

• A. Limited availability of training resources
• B. Increased likelihood of personal use
• C. High cost of credit
• D. Requires extensive documentation and reporting

Answer: (B)

One potential risk associated with the Governmentwide Commercial Purchase Card (GPC) program is the increased likelihood of personal use. This risk arises from the ease and convenience of using the GPC for a wide range of purchases, which may lead some cardholders to misuse the card for personal expenses rather than strictly official government business. This misuse can result in significant ethical violations and potential legal consequences for the cardholder, as well as repercussions for the agency, including financial loss and damage to the credibility of the GPC program. To mitigate this risk, agencies implement strict policies and procedures around the usage of the GPC, including training on proper use and clear guidelines that delineate acceptable transactions. Regular audits and monitoring of transactions also serve to deter misuse and ensure accountability among cardholders. The emphasis on ethical behavior and compliance helps to protect the integrity of the program.

One potential risk associated with the Governmentwide Commercial Purchase Card (GPC) program is the increased likelihood of personal use. This risk arises from the ease and convenience of using the GPC for a wide range of purchases, which may lead some cardholders to misuse the card for personal expenses rather than strictly official government business. This misuse can result in significant ethical violations and potential legal consequences for the cardholder, as well as repercussions for the agency, including financial loss and damage to the credibility of the GPC program.

To mitigate this risk, agencies implement strict policies and procedures around the usage of the GPC, including training on proper use and clear guidelines that delineate acceptable transactions. Regular audits and monitoring of transactions also serve to deter misuse and ensure accountability among cardholders. The emphasis on ethical behavior and compliance helps to protect the integrity of the program.