FCCM EXAM STUDY GUIDE 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ 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 on Ethics Answer: July 1 (FORM 1
requires State employees to publicly disclose their financial interests)
◉ Which of the following is true about the Code of Ethics? The Code
has standards that apply to agency employees and their families_______.
Answer: And can extend beyond their period of employment
◉ Alternate contract source, single source, PRIDE, and RESPECT are
all examples of which category of purchase? Answer: Exceptional
purchases (non-competitive).
Have a statutory rule or mandate for agencies to purchase from specific
entities according to contracts.
◉ A contract for services that pays the provider a set amount for each
hour worked is an example of which payment method? Answer: Fixed
rate (NOT fixed price. Fixed price would be dividing payment into
specific intervals, i.e. weekly, monthly)
QUESTIONS WITH ANSWERS GRADED A+
◉ 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 on Ethics Answer: July 1 (FORM 1
requires State employees to publicly disclose their financial interests)
◉ Which of the following is true about the Code of Ethics? The Code
has standards that apply to agency employees and their families_______.
Answer: And can extend beyond their period of employment
◉ Alternate contract source, single source, PRIDE, and RESPECT are
all examples of which category of purchase? Answer: Exceptional
purchases (non-competitive).
Have a statutory rule or mandate for agencies to purchase from specific
entities according to contracts.
◉ A contract for services that pays the provider a set amount for each
hour worked is an example of which payment method? Answer: Fixed
rate (NOT fixed price. Fixed price would be dividing payment into
specific intervals, i.e. weekly, monthly)
