FCCM Pre Assessment 100% VERIFIED ANSWERS 2024/2025 CORRECT, Exams of Business Management and Analysis

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FCCM Pre Assessment 100%

VERIFIED ANSWERS

2024/2025 CORRECT

How long after an employee leaves a position with the state can he or she be employed by a business that had a contract the employee managed at his or her former agency? Never Agency employees with the power to make purchases exceeding $35,000 are required to file a limited financial disclosure (form 1) by _____ to the commission of ethics July 1 The Code has standards that apply to agency employees and their families and can extend beyond their period of employment Alternate contract source, single source, PRIDE, and RESPECT are all examples of which category of purchase? Exceptional Purchase A contract that pays the provider a set amount for each hour worked is an example of which payment method? Fixed Rate Each method of competitive solicitation has a different focus. For a Request for Proposals (RFP) the focus is on Price, plus quality Which statement is true about Forms PUR 1000 and PUR 1001 for all competitive procurements? Agencies must use both for all competitive procurements

If the solicitation is a Category ____ or higher, the agency head is required to appoint at least 3 members to the negotiation team. Four: $195, The Florida Statutes require notice of public meeting in the _____ and on the agency's website at least 7 days prior to the meeting. Florida Administrative Register (FAR) Which two methods can be used to respond to vendor questions while a solicitation is active? Pre-Response Conference & Written Q&A Period Performing a cost analysis is _____ for all agreements awarded on a non-competitive basis. Legally required Vendor Y had filed a written notice of protest with agency X. How long does vendor Y have to file the formal written protest with Agency Y? 10 Days Which BEST describes the Deliverables and Performance measures that must be included in a contract? Quantifiable, measurable, verifiable and must be received and accepted in writing before payment is due At a minimum, before a contract in excess of $65,000 (Category 3) is executed, all of the following reviews must be conducted EXCEPT a Political review An example of a financial consequence would be specifying which of the following in the contract? A $1,000 reduction of payment for non-compliance Serving as a liaison to the provider is a responsibility of the contract _____ Manager

Invoices, certified receipts, voucher copies, and expenditure tracking can best be categorized as examples of _____ documentation Payment The provider on-boarding meeting is _____ to add additional requirements to the contract's scope of work the first chance _____ monitoring involves tasks such as determining whether state funds are accounted for, ensuring that interest earned was reported correctly, sampling receipts to ensure expenditures match reports and comparing expenses from one year to the next Fiscal ____ are used by contract managers to interview staff, review personnel and fiscal records, and witness provider operations first hand. Onsite observations _______ are required for all agreements for contractual services in excess of $35,000 (Category Two) and all agreements that provide state of federal assistance. Financial consequences You manage a contract for office supplies. You have received the supplies you ordered including a complete and accurate invoice for those supplies. How many days does your agency have to file the invoice with the chief financial officer? 20 ______ are an increase in the length of an original contract that may not exceed 6 months. Extensions When closing out a contract, the contract manager must verify that certain items have been submitted and accepted, EXCEPT for ____. Next year's funding appropriation