FCCM EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
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Course
FCCM
Institution
FCCM
FCCM EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+
Which two methods can be used to respond to vendor questions while a solicitation is active? - Answer-Written Q & A period; pre-response conference (you can always also ask procurement officer!)
Performing a cost analysis is _____ for...
FCCM EXAM QUESTIONS WITH
CORRECT DETAILED ANSWERS
GRADED A+
Which two methods can be used to respond to vendor questions while a solicitation is
active? - Answer-Written Q & A period; pre-response conference (you can always also
ask procurement officer!)
Performing a cost analysis is _____ for all agreements awarded on a non-competitive
basis. - Answer-Legally required
Vendor Y has filed a written notice of protest with Agency X. How long does Vendor Y
have to officially file the formal written protest with Agency X? - Answer-10 days
Which of the following BEST describes the Deliverables and Performance Measures
that must be included in the contract? - Answer-Quantifiable, verifiable, measurable and
must be received and accepted in writing before payment is issued
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. - Answer-Political
(Legal, Financial and Programmatic required)
An example of a financial consequence would be specifying which of the following in a
contract? - Answer-A $1k reduction of payment for non-compliance
According to section 287.057 Florida Statutes, serving as a liaison to the provider is a
responsibility of the contract______. - Answer-Manager
Invoices, certified receipts, voucher copies, and expenditure tracking can be best
categorized as examples of _____ documentation. - Answer-Payment
The provider on-boarding meeting is ______ to add additional requirements to the
contract's Scope of Work. - Answer-Never used
_________ 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
- Answer-Fiscal
_____ are used by contract managers to interview staff, review personnel and fiscal
records, and witness provider operations first hand. - Answer-On-site observations
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