……………….is specialized activity frequently carried on by a separate department under the control of buyer or purchasing officer.

Related MCQs

• Purchasing department should purchase the material strictly as per ……………………….of the various department.
• The purchasing cycle consists of all the following elements except?
• A purchasing operation does not contain this classification of work?
• Which one of the following is not included in the 5 R in purchasing?
• Which of the following is not a function of purchasing management?
• The objective(s) of forward purchasing is / are
• The system of purchasing from one’s customer preferred to others is known as
• The purchasing view of the material master is relevant at what organizational level?
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.