Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.

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.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• Purchase of right quantity of material avoids locking up of …………….
• Purchasing department should purchase the material strictly as per ……………………….of the various department.
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• Purchase manager must know the exact …………………….of materials which are used in the production.
• The stock level at which the storekeeper initiates purchase requisitions is known as………….
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• ……………………is the head of the purchase department.