FCCM Pre-Assessment Test: Mastering Contract Management Fundamentals, Exams of Business Statistics

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FCCM Pre Assessment test questions

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____ are used by contract managers to interview staff, review personnel and fiscal records, and witness provider operations first hand. - Correct answer Onsite observations _____ 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 - Correct answer Fiscal ______ are an increase in the length of an original contract that may not exceed 6 months. - Correct answer Extensions _______ are required for all agreements for contractual services in excess of $35, (Category Two) and all agreements that provide state of federal assistance. - Correct answer financial consequences A contract that pays the provider a set amount for each hour worked is an example of which payment method? - Correct answer Fixed Rate 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 - Correct answer July 1 Alternate contract source, single source, PRIDE, and RESPECT are all examples of which category of purchase? - Correct answer Exceptional Purchase An example of a financial consequence would be specifying which of the following in the contract? - Correct answer a $1,000 reduction of payment for non-compliance 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 - Correct answer Political review Each method of competitive solicitation has a different focus. For a Request for Proposals (RFP) the focus is on - Correct answer Price, plus quality

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? - Correct answer Never If the solicitation is a Category ____ or higher, the agency head is required to appoint at least 3 members to the negotiation team. - Correct answer Four: $195, Invoices, certified receipts, voucher copies, and expenditure tracking can best be categorized as examples of _____ documentation - Correct answer Payment Performing a cost analysis is _____ for all agreements awarded on a non-competitive basis. - Correct answer legally required Serving as a liaison to the provider is a responsibility of the contract _____ - Correct answer Manager The Code has standards that apply to agency employees and their families - Correct answer and can extend beyond their period of employment The Florida Statutes require notice of public meeting in the _____ and on the agency's website at least 7 days prior to the meeting. - Correct answer Florida Administrative Register (FAR) The provider on-boarding meeting is _____ to add additional requirements to the contract's scope of work - Correct answer the first chance 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? - Correct answer 10 Days When closing out a contract, the contract manager must verify that certain items have been submitted and accepted, EXCEPT for ____. - Correct answer Next year's funding appropriation Which BEST describes the Deliverables and Performance measures that must be included in a contract? - Correct answer Quantifiable, measurable, verifiable and must be received and accepted in writing before payment is due Which statement is true about Forms PUR 1000 and PUR 1001 for all competitive procurements? - Correct answer Agencies must use both for all competitive procurements Which two methods can be used to respond to vendor questions while a solicitation is active? - Correct answer Pre-Response Conference & Written Q&A Period

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? - Correct answer 20