The person responsible for doing the purchasing in a small business is the:

The procurement office liaises with the operations office in order to know about:

Which of the following items are purchased by a business organization?

I. Assets

II. Stocks

III. Expenses

IV. Shares

A purchasing clerk with verify orders received by:

Which of the following are duties of a clerk in the procurement department?

I. Maintaining an up-to-date mailing list

II. Verifying orders received

III. Maintaining stock records

IV. Keeping an up-to-date index of suppliers

What method of filing is used to keep quotations?

Which of the following are responsibilities of a clerk in the procurement department?

I. Extracting information from documents in order to complete forms.

II. Selecting the most suitable suppliers.

III. Following up orders to ensure delivery on time.

IV. Obtaining adequate information on goods to be purchased.

V. Entering all credit purchases in the purchases book.

A discount is a deduction from the:

In what order are the names of an index of suppliers arranged?

The person from the department who is responsible for requesting the purchase of goods is the:

When goods are to be imported, which of the following actions should the procurement department take before ordering them?

I. Enquire whether the import regulations permit the goods to be brought into the country

II. Find out what documents are required for the goods to be imported and apply for them

III. Complete a purchase requisition form if the goods are not in stock

IV. Obtain the necessary foreign currency

Arrange the following procedures in the correct sequence for purchasing in a large firm.

I. Obtain information on the best market price available

II. Send orders to suppliers and copies to appropriate departments

III. Follow up actions to ensure delivery is on time

IV. Check the goods against the invoice and report on their condition

V. Collect request from department or stockroom for the goods needed

Which of the following must the procurement department do before receiving goods form the port?

I. Obtain price lists and quotations

II. Arrange with the shipping agent for delivery of the goods to the company's place

III. Pay the dock authority for handling the goods

IV. Complete customs forms for clearance, check the goods and pay any duty levied.

From the list below identify a factor influencing the selection of procedures for purchasing.

The document to be sent to the procurement department by another department asking for goods to be purchased when they are not in stock or when a new item is required is a/an:

The purchasing officer wants to find out details - including prices, terms of sale of delivery - of goods to be purchased. He should send to the supplier an:

The original of a purchase order is sent to the:

Which document does a buyer send to a supplier requesting goods to be purchased?

Which copy of the purchase order does the purchasing office send to the accounts department?

In order to prevent pilfering of stock, inventory should be:

Valuation of closing stock at the end of the year will help to determine:

Observing the correct procedures for receiving, storing and issuing stock is one method of:

Changes in demand for a particular type of stock during a certain period of time are indications of:

Identify the correct statements about the importance of stock control.

I. It verifies that the right goods are received.

II. It ensures that all the receipts, issues and balance of stock agree with information in the records.

III. It avoids wastage and loss by observing the correct procedures for receiving, storing and issuing stock.

IV. It avoids under-ordering, over-ordering and bad buying.

The information transferred to the stock card is taken from the:

A stock card shows the following information: maximum level - 60, minimum level - 25. On 1 March the balance was 50 and on 27 March the balance was 25. What quantity should be ordered to restore the level to maximum?

The FIFO method of issuing stock is used when an item:

The LIFO method of issuing stock is used when an item is:

Bar code express software enables a computer to: