McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 51. |
Right quality means |
| A. | over specifying the quality standards for purchasers |
| B. | under specifying the quality for purchasing |
| C. | buying standard items |
| D. | Buying quality which suits the needs without incurring extra cost to the company |
| Answer» D. Buying quality which suits the needs without incurring extra cost to the company | |
| 52. |
Purchase order is a legal binding contract only if it is |
| A. | accepted by the supplier |
| B. | acknowledged by the supplier |
| C. | posted by the buyer |
| D. | none of these |
| Answer» A. accepted by the supplier | |
| 53. |
The document prepared on receipt of materials in store is known as |
| A. | MRN |
| B. | GRN |
| C. | Challan |
| D. | Bill of materials. |
| Answer» B. GRN | |
| 54. |
The system of purchasing from one’s customer preferred to others is known as |
| A. | Forward Buying |
| B. | Tender Buying |
| C. | Reciprocal Buying |
| D. | Blanket Order |
| Answer» C. Reciprocal Buying | |
| 55. |
The purchasing view of the material master is relevant at what organizational level? |
| A. | Company code |
| B. | Client |
| C. | Storage location |
| D. | Plant |
| Answer» D. Plant | |
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