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Blake's FCCM Test Bank | 105 Questions Solved 100% Correct| Verified Answers
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Blake's FCCM Test Bank | 105 Questions Solved 100% Correct| Verified Answers
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Blake's FCCM Test Bank | 105 Questions Solved100% Correct| Verified Answers
_______ 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 of any amount that provide state or federal financial
assistance. - ✔✔Financial consequences and a Cost Analysis
You manage a contract for office supplies. You have received the supplies you ordered including
a complete and accurate invoice for those supplies. According to section 215.422(1), Florida
Statutes, how many days does your agency have to file the invoice with the Chief Financial
Officer? - ✔✔20 Days
_______ 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
Which method of competitive solicitation would someone want to use when the focus is on
price plus quality? - ✔✔Request for Proposal
Which document is generally included in a competitive solicitation? - ✔✔Scope of Work
,Which purchasing category is required to have at least three people be assigned to an
evaluation or negotiation team? - ✔✔Category 4 ($195.000)
What type of solicitation must be publicly posted on the Vendor Information Portal? -
✔✔Competitive
If a vendor has a question concerning a solicitation, who must they contact? -
✔✔Procurement Officer
The keyword in the question is "solicitation" as there is no contract agreed upon yet. If the
vendor had a concern with the contract it would be the contract manager they are coming to
for questions.
What criteria is used when evaluating responses submitted to a competitive solicitation, such as
a proposal, reply or application? The criteria that was established - ✔✔in the solicitation.
A vendor who was not selected for a contract decides to protest the decision. How long after
filing a written notice of intent to protest does a vendor have to file the formal written protest
with an agency? - ✔✔10 days
The written intent to protest is filed within 72 hours( excluding weekends and state holidays).
True or False, a cost analysis reviews and evaluates each budget line item (e.g., materials and
salaries) to determine if each item is allowable, reasonable, necessary, and allocable. -
✔✔True
True or False, a good Scope of Work clearly establishes all the specific tasks the provider is
required to perform. - ✔✔True
, True or False, in a Scope of Work, the quantitative standards answer the questions of who,
how, when, and where. - ✔✔False, Quantitative answers the AMOUNT from the questions
asked in the scope of work. Qualitative answers the questions of who, how, when, and where.
True or False, a contract must use clear and specific language, avoid ambiguous language, and
clarify industry-specific and technical terms. - ✔✔True
True or False, performance expectations in deliverables do not have to be related to the Scope
of Work. - ✔✔False, performance expectations in deliverables MUST be related to the Scope
of Work.
True or False, the contract administrator monitors and evaluates provider performance and
end-user satisfaction and keeps timely records. - ✔✔False, the Contract Manager does this
True or False, contract oversight teams are required to convene in an initial meeting with the
contractor within 30 days of their formation. - ✔✔True
True or False, the contract administrator must be present at each Oversight Team meeting with
the contract file and all applicable financial information. - ✔✔True
True or False, deliverables and performance measures must be quantifiable, measurable,
verifiable, and must be received and accepted in writing before payment is issued. - ✔✔True
True or False, financial consequences may be applied by the provider if the agency fails to
perform in accordance with the contract/grant. - ✔✔False, "may" is the key word here.
Financial consequences MUST be applied
True or False, the contract manager serves as liaison to the provider and manages the receipt of
commodities/contractual services, according to section 287.057, Florida Statutes. - ✔✔True
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