Materials Management - 7

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
Bulky items impervious to weather is kept at very safe place inside store.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Petroleum product imports are channealised through________.
Correct Answer
Indian oil corporation
Your Answer
Indian oil corporation

Multiple Choice Single Answer
Question
Procurement by more than one firm by pooling their requirements is :-
Correct Answer
Cooperative buying
Your Answer
Cooperative buying

Multiple Choice Single Answer
Question
For the inspection of special Cutting tools which department is responsible?
Correct Answer
Planning department & inspection department
Your Answer
Maintenance department

Match The Following
Question
Correct Answer
Your Answer
Vendor rating
Right source
Right source
Replenishment method
Right time
Right time
Competitive bidding
Right price
Right price
EOQ
Right quantity
Right quantity

Multiple Choice Single Answer
Question
The cost incurred in providing adequate insurance cover to the materials in transit and in storage is
Correct Answer
Insurance cost
Your Answer
Insurance cost

Multiple Choice Multiple Answer
Question
Import transactions are subject to following additional laws compared to procurement from sources within the country as :-
Correct Answer
Import trade control act ®ulation , Custom act , Central excise Rules 2002
Your Answer
Import trade control act ®ulation , Custom act , Trade policy act 2000

True/False
Question
Projects are usually subjected to uncertainty & often delay takes place in completion of projects which results in cost over runs.
Correct Answer
True
Your Answer
True

True/False
Question
Contract whose object is not lawful are not void.
Correct Answer
False
Your Answer
False

True/False
Question
Shortage chasing is intended to remind the supplier of the due date and obtain advance information of expected delays.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Optimal purchase quantity comprises :-
Correct Answer
Annual inventory carrying cost , Annual procurement cost
Your Answer
Annual inventory carrying cost , Annual procurement cost , Set-up cost

Multiple Choice Multiple Answer
Question
Steel almirahs are used for storage of :-
Correct Answer
Expensive items , Scarce items
Your Answer
Expensive items , Scarce items , High risk materials

Multiple Choice Multiple Answer
Question
Some of the benefits if materials are supplied by the buyer are :-
Correct Answer
The supplies of goods are guaranteed especially during the periods of shortages. , The frequent requests for the price revisions are avoided , The buyer is sure of the quality of materials.
Your Answer
The buyer is sure of the quality of materials. , The frequent requests for the price revisions are avoided , The unnecessary profit on materials are added by the suppliers.

Multiple Choice Multiple Answer
Question
The buyers are asked to adopt the following method for follow up :-
Correct Answer
Telephone , Letters , E-mail, telegram
Your Answer
Telephone , Letters , E-mail, telegram

True/False
Question
Stores is the "Safe Custody" for keeping materials
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Prices of certain commodity may be fixed by the government and thereby putting a restriction on both buyer and seller is :-
Correct Answer
Government restrictions
Your Answer
Government restrictions

Multiple Choice Multiple Answer
Question
A contract terminates under following condition :-
Correct Answer
Discharge by performance , Discharge by Release , Discharge by novation
Your Answer
Discharge by performance , Discharge by Release , Discharge by novation

Select The Blank
Question
________ is followed in public sector organizations to identify the lowest potential bidder.
Correct Answer
Tender system
Your Answer
Tender system

True/False
Question
The performance of an equipment can not be verified on the spot if the equipment is not in operation.
Correct Answer
False
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Speculative buying
Bulk purchasing
Non perishable items
Capital purchasing
Plant and machinery
Plant and machinery
Group purchasing
Hardware materials
Bulk purchasing
Service contract
Typewriters
Hardware materials

True/False
Question
Metals should be stored at least 15-20 cm above the ground.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Costs involved in materials management are
Correct Answer
Basic cost of materials , Government tax and levies , Ordering cost
Your Answer
Basic cost of materials , Ordering cost , Overhead

Select The Blank
Question
________ of the department refers to the placement of the department in the structure of the company.
Correct Answer
Status
Your Answer
Location

True/False
Question
Value analysis is the cost reduction technique.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
For large engineering firms main store could be sub divided into :-
Correct Answer
Finished part store , Raw material store , Semi finished item store
Your Answer
Raw material store , Semi finished item store , Finished part store

Multiple Choice Single Answer
Question
In project procurement what work is covered in detailed engineering stage?
Correct Answer
Cross verification of technical specifications & finalisation of commercial terms
Your Answer
Cross verification of technical specifications & finalisation of commercial terms

Select The Blank
Question
Sub contracting decisions must be based on outcome of ________ analysis.
Correct Answer
Cost benefit
Your Answer
Cost benefit

Multiple Choice Multiple Answer
Question
Disadvantages of forward buying are :-
Correct Answer
Such a buying may not serve entirely the needs of the production department , Price expectations if not realised may result in major financial loss to the firm. , Large scale obsolescence may result if design changes occur.
Your Answer
Price expectations if not realised may result in major financial loss to the firm. , Large scale obsolescence may result if design changes occur.

Multiple Choice Single Answer
Question
Who act as a link between company's financial department and supplier's for timely payment?
Correct Answer
Purchase division
Your Answer
Purchase division

Multiple Choice Single Answer
Question
What is the meaning of stores layout?
Correct Answer
Physical arrangement of space for storage material movement, office etc which should provide for most efficient receipt storage & issue of material
Your Answer
Physical arrangement of space for storage material movement, office etc which should provide for most efficient receipt storage & issue of material

True/False
Question
If item is manufactured in small quantities, set-up cost is high.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________is suitable for procurement from non-profit making organization.
Correct Answer
Cost plus zero fee
Your Answer
Fixed price agreements with escalation.

Select The Blank
Question
________ reduce problems of material planning.
Correct Answer
Reduction in lead time
Your Answer
Reduction in lead time

Multiple Choice Single Answer
Question
JIT aims at :-
Correct Answer
Reduction in non-value added activities
Your Answer
Reduction in non-value added activities

Multiple Choice Multiple Answer
Question
Complaints concerning should be made in such a way that negative reactions are avoided such as :-
Correct Answer
Delivery failures , Rejection , Shortages
Your Answer
Delivery failures , Rejection , Shortages

Multiple Choice Single Answer
Question
Internal factor influencing materials planning:-
Correct Answer
Procurement lead times
Your Answer
Procurement lead times

Multiple Choice Single Answer
Question
The cost incurred in movement of materials from suppliers works to buyer's works is
Correct Answer
Freight cost
Your Answer
Freight cost

True/False
Question
Supplier's delivery ratings should be communicated on periodical basis.
Correct Answer
True
Your Answer
True

Select The Blank
Question
When the costs are balanced, total cost is ________.
Correct Answer
Minimum
Your Answer
Fixed

Multiple Choice Single Answer
Question
The process of procurement of raw material, wip, finished goods, jigs, fixtures and other tools and equipments which are required for the operation and maintenance of a manufacturing plant is known as
Correct Answer
Purchasing
Your Answer
Store keeping

Multiple Choice Single Answer
Question
Mechanical tests are performed to :-
Correct Answer
Ascertain the strength of materials
Your Answer
Ascertain the strength of materials

Multiple Choice Single Answer
Question
Set-up cost means :-
Correct Answer
Cost incurred to replenish the stock of item manufactured at home plant
Your Answer
Cost incurred to replenish the stock of item manufactured at home plant

Multiple Choice Single Answer
Question
The main responsibility of inventory control division is :-
Correct Answer
Fixing inventory levels
Your Answer
Fixing inventory levels

Multiple Choice Multiple Answer
Question
Special stores are created where :-
Correct Answer
Material need to be held under the control of the bank , Material need to be held for perishable items , Material need to be held for explosive & inflammable items
Your Answer
Material need to be held under the control of the bank , Material need to be held for perishable items , Material need to be held for explosive & inflammable items

Select The Blank
Question
________ is a fundamental form of economical value.
Correct Answer
Esteem value
Your Answer
Cost value

Select The Blank
Question
Discrepancies arising out of theft are tends to ________.
Correct Answer
Profit & Loss a/c
Your Answer
Profit & Loss a/c

Multiple Choice Single Answer
Question
What is Earnest money?
Correct Answer
Fixed amount collected along with Tender
Your Answer
Fixed amount collected along with Tender

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Posted in: Materials Management(Set-2)

Materials Management - 6

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
EOQ model is based on the assumption that unit price is fixed.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Obsolescence cost is :-
Correct Answer
Due stock on hand , Part No. / Name
Your Answer
Due stock on hand , Part No. / Name

Multiple Choice Multiple Answer
Question
Set-up cost comprises of :-
Correct Answer
Work-order cost , Idle time cost
Your Answer
Work-order cost , Idle time cost

Multiple Choice Single Answer
Question
Quantity discounts reduces :-
Correct Answer
Procurement cost
Your Answer
Material cost

Multiple Choice Single Answer
Question
The document which is prepared by the engineering department is :-
Correct Answer
Bill of material
Your Answer
Bill of material

Multiple Choice Single Answer
Question
Which of the following is not the external factor influencing materials planning?
Correct Answer
Corporate objective
Your Answer
Corporate objective

Select The Blank
Question
Down time means ________.
Correct Answer
Time required by equipment to become OK
Your Answer
Time required by equipment to become OK

Multiple Choice Single Answer
Question
Security deposit means :-
Correct Answer
Amount as reserve-part kept by scrap contractor for final adjustment
Your Answer
Amount paid by contractor to company

Multiple Choice Single Answer
Question
Identifying technical, financial, managerial and quality assurance capability of the vendors and thereby generate data to serve basis for preliminary source selection is :-
Correct Answer
Source investigation stage
Your Answer
Source investigation stage

Select The Blank
Question
________specification are usually flexible and can be altered during consultation with different manufacturers of the equipment.
Correct Answer
Equipment
Your Answer
Technical

Multiple Choice Single Answer
Question
Issues to top up supply to pre-fixed levels of items are :-
Correct Answer
Imprest issues
Your Answer
Imprest issues

Multiple Choice Multiple Answer
Question
Requests for price increase are received on account of the following reasons :-
Correct Answer
Increase in cost of raw materials and boughtout parts , Changes in tax structure , Added work content
Your Answer
Increase in cost of raw materials and boughtout parts , Changes in tax structure , Added work content

Select The Blank
Question
Stock held by company represents ________.
Correct Answer
Money
Your Answer
Money

Select The Blank
Question
Method suitable for items which are either of purely seasonal is ________.
Correct Answer
Seasonal buying
Your Answer
Seasonal buying

Multiple Choice Single Answer
Question
The buying which is received in staggered lots, each lot at times may equal EOQ is :-
Correct Answer
Contract buying
Your Answer
Schedule buying

Multiple Choice Multiple Answer
Question
Special advance license for deemed export is granted in following cases :-
Correct Answer
Supply of goods against advance license /Remission scheme , Supply of goods to export oriented units , Supply of capital goods to holders of licenses under EPCG Scheme
Your Answer
Supply of goods against advance license /Remission scheme , Supply of goods to export oriented units , Supply of capital goods to holders of licenses under EPCG Scheme

True/False
Question
Supplier's request for price increase should be analysed patiently by the buyer. A curt 'no' or 'negative' reply spoils relationships.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Actions involved in sample validation are :-
Correct Answer
Follow up with the supplier until sample submission , Sample inspection , Feedback on defects and defect prevention
Your Answer
Sample inspection , Feedback on defects and defect prevention

Multiple Choice Multiple Answer
Question
Special stores are created where :-
Correct Answer
Material need to be held under the control of the bank , Material need to be held for perishable items , Material need to be held for explosive & inflammable items
Your Answer
Material need to be held for explosive & inflammable items , Material need to be held for costly items

Select The Blank
Question
________ is suitable for procurement of prototypes, fixtures, development items.
Correct Answer
Cost plus percentage of cost.
Your Answer
Fixed price agreements

Select The Blank
Question
In instantaneous replenishment system, production rate is ________ .
Correct Answer
Infinite
Your Answer
Constant

Multiple Choice Single Answer
Question
Organization decided to import when :-
Correct Answer
Item is not available in the country
Your Answer
Item is very critical functioning

Multiple Choice Single Answer
Question
Operating systems process data for :-
Correct Answer
Routine operations of the depts.
Your Answer
Routine operations of the depts.

Select The Blank
Question
In MRP-1, manufacturing cycle of finished product is ________.
Correct Answer
Long
Your Answer
Short

Match The Following
Question
Correct Answer
Your Answer
JIT
Highly vulnerable to supply failures
Purchasing time
TPM
Removal of uncertainty
Highly vulnerable to supply failures
Quality at source
Elimination of incoming inspection
Elimination of incoming inspection
Lower unit cost
JIT
Quantity of production

True/False
Question
Materials department is service department.
Correct Answer
True
Your Answer
False

Select The Blank
Question
Malpractices are ________.
Correct Answer
Manipulations by stores staff
Your Answer
Manipulations by stores staff

True/False
Question
Value analysis is necessary when company's profits soars.
Correct Answer
False
Your Answer
False

Match The Following
Question
Correct Answer
Your Answer
Fast moving items
Very near to the issue counter
Very near to the issue counter
Antibiotics
In a air conditioned store
In a air conditioned store
Costly items like fuel injector
In locked cupboard & away from entrance of store.
In locked cupboard & away from entrance of store.
Inflammable & hazardous items
In a separate store
In a separate store

Multiple Choice Multiple Answer
Question
Discolourisation of soaps is due to :-
Correct Answer
Exposure to light , Moisture
Your Answer
Exposure to light , Moisture

Multiple Choice Multiple Answer
Question
Following are benefits of scientific stoke management :-
Correct Answer
Reduction in downtime by efficient issues , Inventory control , Very less time required to identify & issue material
Your Answer
Reduction in downtime by efficient issues , Very less time required to identify & issue material

Multiple Choice Multiple Answer
Question
Following special schemes are announced by Indian Government under which import can be permitted at zero duty or at less duty :-
Correct Answer
Export promotion capital goods scheme , Diamond &Jewellary promotion scheme , Import by 100% export oriented units
Your Answer
Export promotion capital goods scheme , Import by 100% export oriented units

True/False
Question
Post parcel consignments are cleared through customs & clearance is done through foreign post office.
Correct Answer
True
Your Answer
False

True/False
Question
Number of free days allowed for air consignments is 15 days from the flight date.
Correct Answer
False
Your Answer
False

True/False
Question
The trade discount is not allowed as a percentage of published price.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Receiving inspector should have to :-
Correct Answer
Segregate defectives , Maintain vendor wise quality records
Your Answer
Segregate defectives , Maintain vendor wise quality records

Multiple Choice Single Answer
Question
Supplier may be asked to provide assistance for the first few days of working so that production losses can be avoided is known as :-
Correct Answer
Spare part and supply contracts
Your Answer
Seller's technical assistance during start up.

Select The Blank
Question
All incoming materials are insured against ________
Correct Answer
Damage / loss
Your Answer
Damage / loss

True/False
Question
Make or buy decision are of common concern to both materials and production department.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Inflammable storage areas should be :-
Correct Answer
Well insulated
Your Answer
Well insulated

Multiple Choice Multiple Answer
Question
The sub system of numerical system involves following :-
Correct Answer
Sequential code , Decimal code , Block code system
Your Answer
Sequential code , Decimal code , Block code system

Multiple Choice Single Answer
Question
Stock-out is due to :-
Correct Answer
Delay in deliveries
Your Answer
Delay in deliveries

Select The Blank
Question
________is reimbursement of actual costs plus fixed fee.
Correct Answer
Cost plus fixed fee
Your Answer
Cost plus fixed fee

Select The Blank
Question
________ is essence of purchase order.
Correct Answer
Delivery
Your Answer
Delivery

Multiple Choice Multiple Answer
Question
Performance of product requires :-
Correct Answer
Functionality , Reliability
Your Answer
Functionality , Reliability

True/False
Question
Ex-works means sale is made on rail/truck at the station of dispatch.
Correct Answer
False
Your Answer
False

True/False
Question
The trade discount is not allowed as a percentage of published price.
Correct Answer
False
Your Answer
False

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Posted in: Materials Management(Set-2)

Materials Management - 5

Select The Blank
Question
Conformance to ________ is checked against component drawings.
Correct Answer
Dimensions
Your Answer
Dimensions

Multiple Choice Single Answer
Question
The inventories which refer to the maintenance, repair and operation supplies which are consumed during process of manufacturing but do not become part of the product is :-
Correct Answer
MRO inventories
Your Answer
MRO inventories

True/False
Question
Import substitution in reality should be looked upon as "Import avoidance"
Correct Answer
True
Your Answer
True

True/False
Question
Deterioration & Obsolescence cost are similar.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Customs duty is charged on the imported goods as per ________.
Correct Answer
Customs tariff rules
Your Answer
Customs tariff rules

Multiple Choice Multiple Answer
Question
In a contract buyer has right to :-
Correct Answer
Examine the goods , Reject the goods delivered in wrong quantity , Reject non conforming goods
Your Answer
Examine the goods , Reject the goods delivered in wrong quantity , Sue for interest of buyer

Select The Blank
Question
________ of the department refers to the placement of the department in the structure of the company.
Correct Answer
Status
Your Answer
Location

True/False
Question
Purchasing policies are implemented by framing procedures and rules.
Correct Answer
True
Your Answer
True

True/False
Question
Black bituminous paint should be applied to rubber parts.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Pending purchases indent report :-
Correct Answer
Highlights indents yet to be converted in to purchase-orders
Your Answer
Highlights indents yet to be converted in to purchase-orders

Multiple Choice Multiple Answer
Question
Correct issues must have :-
Correct Answer
Written requisitions , Authorized requisitions
Your Answer
Written requisitions , Authorized requisitions , Name of requisitor

Multiple Choice Multiple Answer
Question
The following are the actions would help to improve effectiveness of materials planning :-
Correct Answer
Accurate forecasting , Computerization , Shorter materials plan period
Your Answer
Accurate forecasting , Computerization , Increase in lead time

Select The Blank
Question
Systematic, formal and continuous analysis of all factors affect ________ management function is known as Materials research.
Correct Answer
Materials
Your Answer
Materials

True/False
Question
OEM discount is given by the supplier with a view to widen customer's base.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
A buyer gives wrong idea to his supplier about his requirements or show a fictitious figure to get some price discount is called as :-
Correct Answer
Misrepresentation of facts
Your Answer
Misrepresentation of facts

Multiple Choice Multiple Answer
Question
Purchasing and procurement cost reduction is possible through :-
Correct Answer
Blanket orders , Green purchasing , System contracting
Your Answer
Blanket orders , Green purchasing , System contracting

Select The Blank
Question
________ department in almost all companies is the biggest spending department and the custodian of company's purse.
Correct Answer
Purchasing
Your Answer
Purchasing

Select The Blank
Question
________ find their use in identification of raw materials, lubricants, pipelines etc.
Correct Answer
Colour codes
Your Answer
Colour codes

Select The Blank
Question
________ is a complex combination of men, machines, materials and tools.
Correct Answer
Manufacturing
Your Answer
Operation

Multiple Choice Single Answer
Question
What is the meaning of storekeeping?
Correct Answer
Physical storage of goods under custodianship in a systematic manner
Your Answer
Physical storage of goods under custodianship in a systematic manner

True/False
Question
Value analysis is the cost reduction technique.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Competitive price information must be treated as confidential and should not be disclosed to the bidders with an intention of allowing them to rebid is :-
Correct Answer
Improprieties of bids
Your Answer
Improprieties of bids

Match The Following
Question
Correct Answer
Your Answer
JE
Journal Entries
Journal Entries
PO
Purchase order
Purchase order
GRN
Goods receipt note
Goods receipt note
DN
Discrepancy note.
Discrepancy note.

Multiple Choice Single Answer
Question
Traffic division is concerned with :-
Correct Answer
Arrangement of eco. Transportation of incoming and outgoing materials
Your Answer
Arrangement of eco. Transportation of incoming and outgoing materials

Multiple Choice Single Answer
Question
Issue of stock is :-
Correct Answer
Process of reacting by stores
Your Answer
Process of reacting by stores

True/False
Question
Cancellation of orders on flimsy ground is unethical.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Systematic ________of stores is the key to its efficient operation.
Correct Answer
Layout
Your Answer
Layout

Multiple Choice Single Answer
Question
Foreign trade is controlled by Government for :-
Correct Answer
Promoting export &controlling import
Your Answer
Promoting export &controlling import

Multiple Choice Multiple Answer
Question
In review system-optional replenishment :-
Correct Answer
Reorder level is fixed , Review period is fixed
Your Answer
Review period is fixed , Reorder level is fixed

Multiple Choice Multiple Answer
Question
The receiving stores copy is used by it :-
Correct Answer
To ensure that supplier effects supply of only items ordered on him. , To ensure that supplier does not supply more than the quantity stipulated in the purchase order. , To ensure that the supplier effect deliveries through the mode of transport asked for by the buyer.
Your Answer
To ensure that supplier does not supply more than the quantity stipulated in the purchase order.

True/False
Question
A company wishing to use preferred numbers must decide first the smallest size to be made, then largest size to be made and then the total no. of sizes to be made.
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
Finished goods means :-
Correct Answer
Goods which are ready to ship
Your Answer
Goods which are ready to ship

True/False
Question
JIT purchasing is indirectly the activity of pushing inventory on the suppliers.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Quantity discounts are offered when :-
Correct Answer
Buyer tempts to produce large quantity , Production is higher & cost is less
Your Answer
Buyer tempts to produce large quantity , Production is higher & cost is less

Multiple Choice Multiple Answer
Question
Advantages of fixed price agreements are :-
Correct Answer
They are easy to administer , They give certainty to the buyer who knows from the start, amount he has to pay for the goods/services. , They protect buyer from possible financial risks from price escalations
Your Answer
They are easy to administer , They give certainty to the buyer who knows from the start, amount he has to pay for the goods/services. , They protect buyer from possible financial risks from price escalations

Select The Blank
Question
Originating department of daily material receipt report is ________.
Correct Answer
Receiving store
Your Answer
Receiving store

Select The Blank
Question
________ is the arrangement of items into groups according to a pre determined pattern.
Correct Answer
Classification
Your Answer
Classification

Multiple Choice Multiple Answer
Question
Main information in the bill of material is :-
Correct Answer
Part no. , Material specification , Quantity per assembly
Your Answer
Part no. , Material specification , Quantity per assembly

Match The Following
Question
Correct Answer
Your Answer
LC
Labour cost as considered at the time of contract
Labour cost as considered at the time of contract
MA
Actual material cost as on date.
Actual material cost as on date.
MC
Material cost as considered at the time of contract
Material cost as considered at the time of contract
LA
Actual labour cost as on date
Actual labour cost as on date

Multiple Choice Single Answer
Question
Heat is :-
Correct Answer
An physical agent
Your Answer
An physical agent

Multiple Choice Single Answer
Question
A formal request to the purchase department, by the indentor to procure the items mentioned therein and within the indicated time schedule is :-
Correct Answer
Purchase indent
Your Answer
Purchase indent

True/False
Question
Coal and coke gas used for power generation and process heating are direct materials.
Correct Answer
False
Your Answer
True

Select The Blank
Question
In a contract of sale by description the goods sold must be of ________ quality.
Correct Answer
Merchantable
Your Answer
Merchantable

True/False
Question
Annual total cost remain constant though stock-turn over rate changes.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Obsolescence cost is :-
Correct Answer
Due stock on hand , Part No. / Name
Your Answer
Due stock on hand , Cause of the event , Number of turns

True/False
Question
Single tender system is used when there is only one supplier of the item.
Correct Answer
True
Your Answer
True

Select The Blank
Question
In traditional purchasing, quality is confirmed ________.
Correct Answer
On receipt
Your Answer
On receipt

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Posted in: Materials Management(Set-2)