Thursday, October 27, 2011

Materials Management - 4

Materials Management - 4
Select The Blank
Question
Inspection methods analyze ________.
Correct Answer
Degree of inspection


Multiple Choice Single Answer
Question
In Fixed-Order quantity system, cycle time of consumption should be :-
Correct Answer
More than lead time

Select The Blank
Question
In the ________ , the composition of code is in three groups of digits that are separated by hyphens, the hyphens serves to break the code into easy to handle group of digits.
Correct Answer
Kodak system


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


Multiple Choice Single Answer
Question
JIT is an :-
Correct Answer
Inventory reduction technique


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

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


Multiple Choice Multiple Answer
Question
Annual total cost changes :-
Correct Answer
If stock turnover rate changes , If quantity changes

True/False
Question
Functionally critical parts require to be covered under cent per cent inspection
Correct Answer
True

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

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


Select The Blank
Question
Good ________ relations are necessary for effective materials planning as every department is involved in materials planning because each department requires one item or other another.
Correct Answer
Departmental

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

Match The Following
Question
Correct Answer

JE
Journal Entries

PO
Purchase order

GRN
Goods receipt note

DN
Discrepancy note.


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


Select The Blank
Question
Standardized containers eliminates ________
Correct Answer
Transit damage

Multiple Choice Single Answer
Question
Purchase order offers acceptance and have been clearly laid down in :-
Correct Answer
Indian Contract act 1872


Multiple Choice Single Answer
Question
For the inspection of Stationery which department is responsible?
Correct Answer
Stores


Match The Following
Question
Correct Answer

FAS (4-2)
Sale at the port of destination

FOB (1-1)
Sale is made on FOB vessel

CIF (2-4)
Sale is made at port of destination

CFR (3-3)
Sale at port of export


Multiple Choice Single Answer
Question
Reprocessing of Scrap is :-
Correct Answer
Reclaiming for re-use


Multiple Choice Single Answer
Question
Limit gauges are used to verify :-
Correct Answer
Whether the product is within the specification


Multiple Choice Single Answer
Question
Which of the following is not the internal factor influencing materials planning?
Correct Answer
International market


Multiple Choice Single Answer
Question
The system should be designed in such a way that it serves the advantages that are expected to accrue from it, is called as :-
Correct Answer
Objective oriented


Multiple Choice Single Answer
Question
Real creative ideas results :-
Correct Answer
When members ventures into impossible areas


Multiple Choice Multiple Answer
Question
Segregation of scrap means :-
Correct Answer
Sorting by type, size, grade etc. , Sorting by grade, weight


Select The Blank
Question
________clause should be inserted in the purchase order of items critical to project to induce supplier for early completion of the orders.
Correct Answer
Bonus


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


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

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


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


True/False
Question
Codification avoids confusion and doubt caused by long description of items.
Correct Answer
True


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


True/False
Question
A firm engaged in custom-built-product, is usually plagued with obsolete material.
Correct Answer
True


Select The Blank
Question
________ refers to the procurement of the requirements of all departments of the firm by a central purchase organization.
Correct Answer
Centralisation


Multiple Choice Multiple Answer
Question
Conventional machine set-up time includes :-
Correct Answer
Tool replenishment , First piece inspection


Multiple Choice Multiple Answer
Question
Stock-out is due to :-
Correct Answer
Unusual high demands , Delay in deliveries


True/False
Question
Negotiation should end up with an unhappy supplier.
Correct Answer
False


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


True/False
Question
Since stock-taking is a check on storekeeper, it should not be conducted by him.
Correct Answer
False


Multiple Choice Multiple Answer
Question
Salient features of the working of the price panel are as under :-
Correct Answer
Usage value above which the panel is to approve of the price is specified. , Vendor development department is required to give cost break up to the secretary of the price panel , Members of the panel meet to scrutinize and discuss the cost aspects.

Multiple Choice Multiple Answer
Question
Application for an import license must be signed from :-
Correct Answer
Proprietor , Partner of firm , Person duly authorized by board of directors of company


True/False
Question
Manual inspection is economical when volume of output is small.
Correct Answer
True


Multiple Choice Multiple Answer
Question
For large organizations where product is made up of assemblies of manufactured components raw material store is subdivided into :-
Correct Answer
Foundry store , Tool crib , Maintenance store


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


Multiple Choice Single Answer
Question
What is the meaning of discharge of contract by novation?
Correct Answer
If the parties agree to substitute a new contract in place of existing one or alter it, original contract is discharged


Select The Blank
Question
Quantity delivered of goods must be according to the ________.
Correct Answer
Terms of contract


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

Materials Management - 3
Select The Blank
Question
Inspection methods analyze ________.
Correct Answer
Degree of inspection


Multiple Choice Single Answer
Question
In Fixed-Order quantity system, cycle time of consumption should be :-
Correct Answer
More than lead time


Select The Blank
Question
In the ________ , the composition of code is in three groups of digits that are separated by hyphens, the hyphens serves to break the code into easy to handle group of digits.
Correct Answer
Kodak system


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


Multiple Choice Single Answer
Question
JIT is an :-
Correct Answer
Inventory reduction technique


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


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


Multiple Choice Multiple Answer
Question
Annual total cost changes :-
Correct Answer
If stock turnover rate changes , If quantity changes


True/False
Question
Functionally critical parts require to be covered under cent per cent inspection
Correct Answer
True


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


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


Select The Blank
Question
Good ________ relations are necessary for effective materials planning as every department is involved in materials planning because each department requires one item or other another.
Correct Answer
Departmental


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


Match The Following
Question
Correct Answer

JE
Journal Entries

PO
Purchase order

GRN
Goods receipt note

DN
Discrepancy note.


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


Select The Blank
Question
Standardized containers eliminates ________
Correct Answer
Transit damage


Multiple Choice Single Answer
Question
Purchase order offers acceptance and have been clearly laid down in :-
Correct Answer
Indian Contract act 1872


Multiple Choice Single Answer
Question
For the inspection of Stationery which department is responsible?
Correct Answer
Stores


Match The Following
Question
Correct Answer

FAS (4-2)
Sale at the port of destination

FOB (1-1)
Sale is made on FOB vessel

CIF (2-4)
Sale is made at port of destination

CFR (3-3)
Sale at port of export


Multiple Choice Single Answer
Question
Reprocessing of Scrap is :-
Correct Answer
Reclaiming for re-use

Multiple Choice Single Answer
Question
Limit gauges are used to verify :-
Correct Answer
Whether the product is within the specification


Multiple Choice Single Answer
Question
Which of the following is not the internal factor influencing materials planning?
Correct Answer
International market


Multiple Choice Single Answer
Question
The system should be designed in such a way that it serves the advantages that are expected to accrue from it, is called as :-
Correct Answer
Objective oriented


Multiple Choice Single Answer
Question
Real creative ideas results :-
Correct Answer
When members ventures into impossible areas

Multiple Choice Multiple Answer
Question
Segregation of scrap means :-
Correct Answer
Sorting by type, size, grade etc. , Sorting by grade, weight


Select The Blank
Question
________clause should be inserted in the purchase order of items critical to project to induce supplier for early completion of the orders.
Correct Answer
Bonus


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


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

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



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


True/False
Question
Codification avoids confusion and doubt caused by long description of items.
Correct Answer
True


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


True/False
Question
A firm engaged in custom-built-product, is usually plagued with obsolete material.
Correct Answer
True


Select The Blank
Question
________ refers to the procurement of the requirements of all departments of the firm by a central purchase organization.
Correct Answer
Centralisation


Multiple Choice Multiple Answer
Question
Conventional machine set-up time includes :-
Correct Answer
Tool replenishment , First piece inspection

Multiple Choice Multiple Answer
Question
Stock-out is due to :-
Correct Answer
Unusual high demands , Delay in deliveries


True/False
Question
Negotiation should end up with an unhappy supplier.
Correct Answer
False


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


True/False
Question
Since stock-taking is a check on storekeeper, it should not be conducted by him.
Correct Answer
False

Multiple Choice Multiple Answer
Question
Salient features of the working of the price panel are as under :-
Correct Answer
Usage value above which the panel is to approve of the price is specified. , Vendor development department is required to give cost break up to the secretary of the price panel , Members of the panel meet to scrutinize and discuss the cost aspects.

Multiple Choice Multiple Answer
Question
Application for an import license must be signed from :-
Correct Answer
Proprietor , Partner of firm , Person duly authorized by board of directors of company


True/False
Question
Manual inspection is economical when volume of output is small.
Correct Answer
True

Multiple Choice Multiple Answer
Question
For large organizations where product is made up of assemblies of manufactured components raw material store is subdivided into :-
Correct Answer
Foundry store , Tool crib , Maintenance store

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

Multiple Choice Single Answer
Question
What is the meaning of discharge of contract by novation?
Correct Answer
If the parties agree to substitute a new contract in place of existing one or alter it, original contract is discharged

Select The Blank
Question
Quantity delivered of goods must be according to the ________.
Correct Answer
Terms of contract

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

Materials Management - 2

True/False
Question
In fixed-order interval system, order interval is fixed.
Correct Answer
True


True/False
Question
Pre-fixed qty. issue system is suitable for A-class items.
Correct Answer
False

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


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


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

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


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


Multiple Choice Multiple Answer
Question
Internal lead time can be reduced :-
Correct Answer
By selectively delegating the powers , By developing local vendor


True/False
Question
Telephonic quotations are useful when there is limited competition.
Correct Answer
True


Multiple Choice Single Answer
Question
The point of transfer of ownership rights from seller to buyer is :-
Correct Answer
Place of delivery


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


Match The Following
Question
Correct Answer

Review period
Order interval

FOQ system
B-class items

Reduction in record-keeping
Two-bin system
Fixed-Order Interval system
Fixed order interval


Select The Blank
Question
Average inventory in any replenishment system is ________ to sum of minimum & maximum stock.
Correct Answer
Equal


Multiple Choice Multiple Answer
Question
Following are distinguishing features of Air consignment :-
Correct Answer
No system of prior entry , 3 free days are allowed from flight date


Multiple Choice Multiple Answer
Question
Typical examples of direct materials are :-
Correct Answer
Cloth in the manufacture of garment , Wood in the manufacture of furniture , Fruits in a canning industry


True/False
Question
Cost of capacity which may be rendered idle if the item currently being manufactured in purchased needs to be added to the cost to buy.
Correct Answer
True


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


Multiple Choice Single Answer
Question
Government departments and public sector undertakings in India follow this method of buying :-
Correct Answer
Tender buying


Match The Following
Question
Correct Answer

Right place
Delivery as per contract

Buyers right
Examine the goods

Unpaid sellers right
Of lien

Delivery
Transfer of ownership rights from seller to the buyer


Select The Blank
Question
Acceptance sampling plans have been evolved ________.
Correct Answer
Based on probability theory


True/False
Question
Purchase cost is the price paid the supplier
Correct Answer
True


True/False
Question
Esteem value is paid by the supplier.
Correct Answer
False

True/False
Question
Vendors are not responsible for statutory approvals from government authorities.
Correct Answer
False

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

Multiple Choice Single Answer
Question
The threat on the part of supplier to hold supplies until favourable price decisions is :-
Correct Answer
Ability to hold on price

Select The Blank
Question
Finished parts are called as ________.
Correct Answer
Bought-out parts

Select The Blank
Question
Tendering in the absence of negotiations is also called ________.
Correct Answer
Firm bidding


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

Multiple Choice Single Answer
Question
What is the identification & location of stock in store?
Correct Answer
Formulating & updating a system of stores and coding to items which should ensure efficient identification & location of goods.


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

True/False
Question
Noting clerk examines bill of entry papers & if found in order signs the bill of entry.
Correct Answer
True


Multiple Choice Single Answer
Question
The organization set up by FAO & WHO to evolve food standards :-
Correct Answer
Codex Alimentarious commission


Multiple Choice Multiple Answer
Question
Salient features of the working of the price panel are as under :-
Correct Answer
Usage value above which the panel is to approve of the price is specified. , Vendor development department is required to give cost break up to the secretary of the price panel , Members of the panel meet to scrutinize and discuss the cost aspects.

Multiple Choice Single Answer
Question
The method used for making purchases of proprietary items is :-
Correct Answer
Single tender


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

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.

True/False
Question
Lead time information is required for determination of safety stock.
Correct Answer
False

True/False
Question
Fire extinguishers should be very near to staff members.
Correct Answer
False

Multiple Choice Multiple Answer
Question
In Ex-works contract buyer is responsible for :-
Correct Answer
Arranging for transport including loading on to the vehicle at supplier's works , Paying for freight , Arranging for transit insurance

Multiple Choice Single Answer
Question
Sales returns means :-
Correct Answer
Receipt of goods from Customer


Select The Blank
Question
Cost of special tooling is called as ________.
Correct Answer
Cost to buy


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


Select The Blank
Question
Stock-out is nothing but ________.
Correct Answer
Stock get depleted before receipt


Multiple Choice Single Answer
Question
The orders, to the extent possible should be avoided is called as :-
Correct Answer
Rush


Multiple Choice Multiple Answer
Question
Deterioration of electrodes causes :-
Correct Answer
Increase in arc instability , Excessive spatter


Multiple Choice Multiple Answer
Question
Following agreement have been expressly declared void as per the Indian Contract Act 1872 :-
Correct Answer
Agreement in restraint of marriage , Agreement by way of wages , Agreements to do impossible acts


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


Materials Management - 1
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


True/False
Question
Indentor's copy is meant to enable indentor to follow up with the purchase department.
Correct Answer
True


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


Multiple Choice Single Answer
Question
Second bin quantity can be qualified by :-
Correct Answer
m + L x C


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


Multiple Choice Single Answer
Question
Redundant Stock is nothing but :-
Correct Answer
Worthless for conversion & other use


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


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


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


Multiple Choice Single Answer
Question
Price of the commodity is conditioned by the forces of supply and demand is :-
Correct Answer
Demand and supply condition


Multiple Choice Single Answer
Question
The submission of the final offers by the prospective sources is :-
Correct Answer
Firm bidding


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


Select The Blank
Question
Paper work cost is ________.
Correct Answer
Procurement cost


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


Multiple Choice Multiple Answer
Question
What are the different methods of identifying materials?
Correct Answer
Tagging , Labeling , Engraving


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


True/False
Question
Multiple sampling is an extension of the double sampling plan.
Correct Answer
True


Match The Following
Question
Correct Answer

Labour management relations
Investigating into suppliers capabilities

Technical discussions between the representatives of a buyer and supplier
Techno commercial discussion and trial order

Follow up with the supplier until sample submission
Sample validation

Type of supplier
Preliminary selection of the suppliers


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


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


True/False
Question
Safety stock forms a fixed portion of inventories.
Correct Answer
True


True/False
Question
Maintenance and repair costs in used equipments are relatively higher.
Correct Answer
True


Multiple Choice Multiple Answer
Question
What are the areas of control to improve profit
Correct Answer
Increase units sold , Increase production , Reducing capital


Multiple Choice Multiple Answer
Question
Main transport documents used by trade are :-
Correct Answer
RR , LR


Multiple Choice Single Answer
Question
Quantity based advance license is based on standard of :-
Correct Answer
Input-output norms fixed by ALC


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


Multiple Choice Multiple Answer
Question
What are the limitations of alpha betical system?
Correct Answer
Repetition of alphabets often leads to confusion and wrong identification , The selection of proper alphabets for each of the items is difficult. , The codes cannot be amplified which restricts its use to smaller firms

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


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


True/False
Question
The registered firms are required to submit security deposit which is required from unregistered firms.
Correct Answer
False


Multiple Choice Single Answer
Question
In instantaneous replenishment system :-
Correct Answer
Item consumption demand rate is constant


Multiple Choice Multiple Answer
Question
Store manager has to ensure security :-
Correct Answer
Of store buildings , Of stock yards


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


Multiple Choice Single Answer
Question
Identifying the need for source selection and source development is :-
Correct Answer
Source requirement stage


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


Match The Following
Question
Correct Answer

Vendor rating
Right source

Replenishment method
Right time

Competitive bidding
Right price

EOQ
Right quantity


Multiple Choice Single Answer
Question
EOQ means :-
Correct Answer
When total cost & right quantity are balanced


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


Multiple Choice Multiple Answer
Question
Value analysis speaks about :-
Correct Answer
Cost improvement , Improvement in quality


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


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


Select The Blank
Question
________ is responsible for purchase of goods of right quality, quantity, time, price and source.
Correct Answer
Purchase division


Multiple Choice Single Answer
Question
The system not only should identify and classify all the existing items and it should have enough extra unassigned codes to absorb future items is called as :-
Correct Answer
Flexibility


Multiple Choice Single Answer
Question
Purchasing today is no longer just a commercial activity but it is a techno commercial activity. This is known as :-
Correct Answer
Changing nature of purchases


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


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