………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.

Related MCQs

• ………………..is an important element in purchase procedure.
• The receipt of…………….is the first step in purchase procedure.
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• The…………….must maintain a proper classified record of all purchases, uses and stock of materials.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Purchasing department should purchase the material strictly as per ……………………….of the various department.
• For prompt and correct payment of purchase bills there should be close liaison with the …………..and ……..department.
• Basic objective of the effective …………………..is to ensure continuity of supply of requisite quality of material.
• When material prices fluctuate widely the method of pricing that gives a best result in