Purchase Control enables the management to reduce………..

Related MCQs

• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• effective purchase control fixes the responsibilities of……………….
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• ……………………is the head of the purchase department.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.
• Purchase of right quantity of material avoids locking up of …………….
• Purchase manager must know the exact …………………….of materials which are used in the production.