The __________ specification describes, defines or specifies the goods / services to be supplied. Performance

Related MCQs

• Fixed price and incentive type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:
• __________ is a register of suppliers invited to submit bids for goods / services as specified.
• __________ is a formal invitation to submit a price for goods and / or services as specified.
• ……………..cost is the cost of commodities supplied to an undertaking.
• _________ is a narrative description of the work to be accomplished or resource to be supplied.
• __________ defines when the work is ready for or is being used for the purpose intended and is so certified.
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• Maintaining prompt and accurate records of all goods received, issued and returned is the duty of ……………..
• …………………stores organization is adopted to store all the goods at centrally located at on place.
• The weighted average method divides the cost of goods available for sale by the number of units: