Materials Management - 13

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


True/False
Question Small parcels, Samples, gifts which are received from other
countries provisions of import policy & customs not applied on them.
Correct Answer False
Your Answer False


Match The Following
Question Correct Answer Your Answer

Delivery time As specified in contract Warranties

Essential stipulations Conditions As per agreement

Collateral stipulations Warranties As specified in contract

Caveat emptor Fundamental principle of sale of goods Sale of goods act
option

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


True/False
Question Black listing may be for a limited period or for an
indefinite period.
Correct Answer True
Your Answer False


Select The Blank
Question Two-bin system supersedes ________.
Correct Answer Perpetual inventory
Your Answer Perpetual inventory


Multiple Choice Multiple Answer
Question Stores functions include :-
Correct Answer Receiving and issuing of materials , Keeping the
record , Taking precautions to avoid pilferage, theft
Your Answer Receiving and issuing of materials , Keeping the record ,
Taking precautions to avoid pilferage, theft


Multiple Choice Multiple Answer
Question Analysis of certification correctness of material is
required for :-
Correct Answer Bar stock , Castings
Your Answer High risk materials , Liquids


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


Select The Blank
Question Set-up cost for manufactured item in own plant is ________.
Correct Answer Very high
Your Answer Very less


Select The Blank
Question The ________ is raised by the receiving stores in receipt of
materials and after physical verification of the quantity and quality.
Correct Answer Goods Receipt Report
Your Answer Goods Receipt Report


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


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


Multiple Choice Single Answer
Question Annual total cost is :-
Correct Answer Annual Material Cost + Annual Procurement Cost +
Annual ICC
Your Answer Annual Material Cost + Annual Procurement Cost + Annual ICC


True/False
Question No restrictions are on rail transport.
Correct Answer True
Your Answer True


Multiple Choice Multiple Answer
Question Advantages of forward buying are :-
Correct Answer Greater margin of profit on finished goods , Saving
in procurement expenses as purchases are usually consolidated. , Security
against shortages
Your Answer Greater margin of profit on finished goods , Saving in
procurement expenses as purchases are usually consolidated. , Security
against shortages


Multiple Choice Single Answer
Question The purchase of variety of items from single source is
called as :-
Correct Answer Blanket orders
Your Answer Blanket orders


True/False
Question Inventory control technique is suited for low value indirect
materials which are economical to procure them in certain pre fixed
quantities.
Correct Answer True
Your Answer False


Multiple Choice Single Answer
Question Contracts of A & B class items should have :-
Correct Answer Value engineering
Your Answer Value analysis


True/False
Question Reorder quantity in fixed order interval system equal
economic order quantity.
Correct Answer False
Your Answer True


Select The Blank
Question Indian railways carry almost ________ goods & passenger
traffic.
Correct Answer 0.75
Your Answer 0.75


Select The Blank
Question The purchasing of Weigh bridge is________
Correct Answer Capital purchasing
Your Answer Import purchasing


Multiple Choice Multiple Answer
Question Techniques of Simplification :-
Correct Answer Preferred numbers , Frequency analysis ,
Rationalized codification
Your Answer Classification , Frequency analysis , Rationalized
codification


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


Multiple Choice Multiple Answer
Question Rejection percentage to be allowed to the vendor depends on
the :-
Correct Answer Configuration of component , Number of operations
involved , Tolerances and surface finishes
Your Answer Number of operations involved , Tolerances and surface
finishes , Process


Select The Blank
Question One of the major pipe-line in India is ________.
Correct Answer Ankaleshwar - Baroda
Your Answer Barauni - Bajwa


Select The Blank
Question GRR are sent from ________.
Correct Answer Stores Dept.
Your Answer Stores Dept.


Multiple Choice Multiple Answer
Question Continuous Stock-taking is effective due to :-
Correct Answer Planned/scheduled activity , Discrepancies are
noticed & corrected in short spell
Your Answer Planned/scheduled activity , Discrepancies are noticed &
corrected in short spell , Eliminates material losses


Multiple Choice Single Answer
Question Limited competition is associated with higher price while
wider competition enables buying at competitive rates is known as :-
Correct Answer Extent of competition
Your Answer Demand and supply condition


Select The Blank
Question ________ is an addition of unnecessary cost to product
Correct Answer Poor design
Your Answer Poor design


Multiple Choice Multiple Answer
Question The alpha numerical system operates as under :-
Correct Answer Each item is identified and is given a proper
description. , Identical items are classified into groups and each group is
provided a suitable heading. , Codes are assigned to the next group, which
are usually the alphabets.
Your Answer Each item is identified and is given a proper description. ,
Identical items are classified into groups and each group is provided a
suitable heading. , Codes are assigned to the next group, which are usually
the alphabets.


Multiple Choice Single Answer
Question How much saving in material cost can give benefit equivalent
to eight to nine % rise in sales volume?
Correct Answer 0.01
Your Answer 0.01


Multiple Choice Single Answer
Question The purchasing made under contract , usually formal, of
needed materials, the delivery of which is frequently spread over a period
of time is known as :-
Correct Answer Contract buying
Your Answer Contract buying


Multiple Choice Single Answer
Question Which type of tendering is adopted when the requirements are
urgent?
Correct Answer Limited tender
Your Answer Limited tender


True/False
Question Continuous stock-taking tends to dislocate the working of
store.
Correct Answer False
Your Answer False


True/False
Question PO gives full and complete details of the materials to be
supplied thereby avoiding ambiguities.
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question External lead time is :-
Correct Answer Supplier's lead time
Your Answer Supplier's lead time


Match The Following
Question Correct Answer Your Answer

Supplies Abrasive materials Chemicals

Perishable materials Vegetables Vegetables

Packing materials Carton Carton

Empties Metal containers Metal containers

Multiple Choice Multiple Answer
Question Primary duties to be performed by purchase department are :-
Correct Answer Receipts, sorting of purchase indents and
determination of method of buying , Performance evaluation and feedback ,
Search for suppliers
Your Answer Receipts, sorting of purchase indents and determination of
method of buying , Performance evaluation and feedback , Search for
suppliers


Multiple Choice Multiple Answer
Question In F.O.R. contract seller is responsible for :-
Correct Answer Arranging for movement of goods to the transporter's
godown , Safe loading on into the vehicle , Keeping the material in
deliverable state
Your Answer Arranging for movement of goods to the transporter's godown
, Safe loading on into the vehicle , Keeping the material in deliverable
state


Multiple Choice Single Answer
Question Primary function means :-
Correct Answer Basics required to make product worth
Your Answer Basics required to make product worth


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


Select The Blank
Question Review system-optional replenishment is a modification of
________.
Correct Answer Fixed-order interval system
Your Answer Fixed-order interval system


Multiple Choice Single Answer
Question Value analysis job plan contains :-
Correct Answer 9 steps
Your Answer 9 steps


Multiple Choice Multiple Answer
Question Functions of Traffic division :-
Correct Answer Tracing missing consignments , Selecting the right
kind of shipping service , Scrutinizing freight bills for payment.
Your Answer Selecting the right kind of shipping service , Scrutinizing
freight bills for payment.


Select The Blank
Question ________Inspects the goods & issues a surveyor report
certificate.
Correct Answer Surveyor
Your Answer Surveyor


Multiple Choice Multiple Answer
Question Objectives of material research are :-
Correct Answer To improve capability of purchase department to
visualize problems which may be encountered in future. , To make optimum
utilization of available resources , To provide the enterprise a competitive
edge.
Your Answer To improve capability of purchase department to visualize
problems which may be encountered in future. , To make optimum utilization
of available resources , To provide the enterprise a competitive edge.


True/False
Question Two bin system is better as compared to perpetual inventory
system.
Correct Answer False
Your Answer True

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Posted in: Materials Management(Set-4)

Materials Management - 12

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-4)

Materials Management - 11

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

Read more »

Posted in: Materials Management(Set-4)