What information should be reviewed before making a purchase with the GPC?

Before making a purchase with the Governmentwide Commercial Purchase Card (GPC), it is essential to review the purchase card policy, available funds, and procurement regulations. This step ensures compliance with established rules and guidelines set forth by the Department of Defense and other governing authorities. Understanding the purchase card policy helps cardholders stay within the parameters of what is permissible under their card use, thereby avoiding unauthorized purchases.

Reviewing available funds is also crucial, as it confirms that the needed budgetary resources are accessible for the upcoming transaction. This step helps prevent overspending and maintains fiscal responsibility within government operations. Additionally, being aware of procurement regulations helps cardholders understand legal and procedural requirements, ensuring that operations align with federal acquisition rules.

While understanding credit card interest rates may be relevant for personal finance management, it is not applicable in the context of government purchases using a GPC, as these transactions are typically not interest-bearing in the same way. Analyzing previous purchase history and obtaining approval from a department head might be relevant in specific contexts, but they do not encompass the foundational requirements for making informed and compliant purchases with the GPC. Overall, choice B addresses the critical aspects necessary to ensure proper and authorized use of the purchase card.