Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….

Related MCQs

• …………………helps the management to eliminate inefficiencies caused by material wastage, use of obsolete machinery, improper planning etc.
• effective purchase control fixes the responsibilities of……………….
• Purchase of right quantity of material avoids locking up of …………….
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• Basic objective of the effective …………………..is to ensure continuity of supply of requisite quality of material.
• Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.
• Purchasing department should purchase the material strictly as per ……………………….of the various department.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• Purchase Control enables the management to reduce………..
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.