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Cash Advance Regulations Quiz
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Cash Advance Regulations Quiz

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Questions and Answers

Which of the following statements is true regarding cash advance travel?

  • No government fund shall be utilized for foreign travel expenses unless for training, seminar, or conference abroad. (correct)
  • Cash advances for local travel must be liquidated within 60 days upon return to the Philippines.
  • Officials and employees not authorized to travel are eligible for cash advances to cover their expenses.
  • Liquidation report preparation is not required for officers/employees who made the travel.

    • Which method of procurement involves requesting price quotations for readily available off-the-shelf goods?

  • Direct Contracting
  • Shopping (correct)
  • Restricted Bidding
  • Competitive Bidding

    • Who should prepare the Liquidation Report for cash advance travel?

  • Suppliers of known qualifications
  • Other personnel of the foreign mission
  • Officials and employees not authorized to travel
  • Officers/employees who made the travel (correct)

    • What is the timeframe for liquidating cash advances for foreign travel?

    <p>60 days upon return to the Philippines</p> Signup and view all the answers

    Which of the following scenarios allows government officials to utilize funds for foreign travel?

    <p>Attending a conference abroad representing the country effectively</p> Signup and view all the answers

    When should liquidation for cash advances for local travel be completed?

    <p>Within 30 days upon return to the Philippines</p> Signup and view all the answers

    Who can be granted cash advances for traveling expenses in certain cases?

    <p>Officials and employees not authorized to travel</p> Signup and view all the answers

    What is the main purpose of cash advance travel policies?

    <p>To ensure prompt reimbursement of travel expenses</p> Signup and view all the answers

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