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Exam (elaborations)

FCCM EXAM Questions with Correct Solutions

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FCCM EXAM Questions with Correct Solutions

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FCCM EXAM Questions with Correct Solutions


Question:
1. Purchasing Categories

Answer:
Category 1 - $20,000 Category 2 - $35,000 Category 3 - $65,000 Category 4 - $195,000
Category 5 - $325,000


Question:
2. An agency employee may not, within ________ after retirement or termination have or hold
any employment or contractual relationship with any business entity (where the employee
had responsibilities for the contract)

Answer:
2 years


Question:
3. Agency employees with the power to make purchases exceeding $35k are required to file a
Limited Financial Disclosure (FORM 1) by what date to the Commission on Ethics?

Answer:
July 1


Question:
4. Florida law requires the individuals may not be contract managers of a vendor whom they
were employed by within the _____

Answer:
Last 5 years


Question:
5. Ethics standards apply to state employees and their families and can extend

Answer:
Beyond their period of employment


Question:
6. Contract administrators are responsible for

Answer:
creating and maintaining a contract file. maintaining financial information on all contracts.
managing changes to the contracts. serving as a liason between the contract manager and
the department.

, Question:
7. Contract administrators may not serve as contract manager if the contract is

Answer:
Over $500,000


Question:
8. Contract administrators may serve also as contract managers if the contract is

Answer:
Under $500,000


Question:
9. Contract managers

Answer:
-enforcing performance of the contract terms and conditions -serving as a liaison between the
provider and the agency -participating in the solicitation development and review of contract
documents -managing the receipt of commodities/contractual services -providing written
certification that services were performed and completed -monitoring and evaluating
contractor performance and end-user satisfaction, as well as keeping timely records of
findings -exercising applicable remedies when a contractor's performance is deficient
-conducting cost reconciliation (grants) -managing and documenting any changes to the
contract through amendments -monitoring the contract budget to ensure sufficient funds are
available -maintaining a contract management file


Question:
10. Contract managers are responsible for

Answer:
Manage and document changes to the contract Monitor contractors progress and
performance Oversee the contract budget to ensure funds are available


Question:
11. a contract, managers involvement in solicitation development ensures alignment with

Answer:
Contractors requirements, compliance, and effective management of the contract it
addresses key considerations and potential challenges early on


Question:
12. Conversation with procurement

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