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FCCM Exam Questions Latest (2026/2027) Verified Answers by Experts

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This document contains questions and verified answers for FCCM Exam . It includes detailed explanations, revision-focused content, and exam preparation material suitable for 2026/2027 students.

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FCCM Exam Questions

_____ are an increase in the length of an original contract that may not exceed 6 months. -
ANS-Extensions
_____ are required for all agreements for contractual services in excess of $35k (Cat 2) and all
agreements of any amount that provide state or federal financial assistance. - ANS-Financial
Consequences
_____ are used by contract managers to interview staff, review personnel and fiscal records,
and witness provider operations first hand. - ANS-On-site 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 - ANS-Fiscal
A contract for services that pays the provider a set amount for each hour worked is an example
of which payment method? - ANS-Fixed Rate
According to section 287.057 Florida Statutes, serving as a liaison to the provider is a
responsibility of the contract______. - ANS-Manager
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? - ANS-July 1
Alternate contract source, single source, PRIDE, and RESPECT are all examples of which
category of purchase? - ANS-Exceptional Purchase
An example of a financial consequence would be specifying which of the following in a contract?
- ANS-A $1k reduction of payment for non-compliance
At a minimum, before a contract in excess of $65k (Cat. 3) is executed, all of the following
reviews must be conducted EXCEPT a _____ review. - ANS-Political
(Legal, Financial and Programmatic required)
Each method of competitive solicitation has a different focus. For a Request for Proposals
(RFP), the focus is on... - ANS-Price, plus quality
How long after an employee leaves a position with the state can they be employed by a
business that had a contract the agency employee managed at their former agency? - ANS-2
Years
If the solicitation is a Category _____ or higher, the agency head is required to appoint at least 3
members to the negotiation team. - ANS-Four: $195k
Invoices, certified receipts, voucher copies, and expenditure tracking can be best categorized as
examples of _____ documentation. - ANS-Payment
Performing a cost analysis is _____ for all agreements awarded on a non-competitive basis. -
ANS-Legally required
The Florida Statutes require notices of public meetings in the ____ and on the agency's website
at least 7 days prior to the meeting. - ANS-Florida Administrative Register (FAR)
The provider on-boarding meeting is ______ to add additional requirements to the contract's
Scope of Work. - ANS-Never used

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