Purchase order is a legal binding contract only if it is

Related MCQs

• 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 order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is
• The purchase order form is designed by
• __________ is a written order directing the contractor to make changes according to the provisions of the contract documents.
• ………………..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 …………….