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Purchase order terms n conditions

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Wipro HIMS is an example of:

a)
HR Systems
b)
F&A Systems
c)
Procurement Systems
d)
Sales Systems
2.

You can create a purchase order with reference to a purchase requisition

a)

True

b)

False

3.

During invoice verification process, stores can use the following documents as reference...

a)

Purchase order

b)

Goods receipt

c)

Good issue

d)

Outbound delivery

4.

_

(a)   means acquiring goods and services from an outside source.

5.

To avoid paper shortage to cater to ad hoc activities, the training manager decided to keep a safety stock of 1 day. Based on the note below, what would be the new reorder level?

Note: The average usage of A4 paper for an institution to run training programs is 200 reams. The supplier takes 3 days to deliver the order.

a)

500

b)

600

c)

700

d)

800

6.

The invoice contains the following details EXCEPT

a)

The name and address of the seller and the buyer

b)

The particulars of goods transacted

c)

The conditions of good delivered

d)

Number, date, and order number

7.

Which option will give realistic cost impact to the organization

a)

Basic cost of the equipment

b)

Total cost of equipment inclusive of taxes

c)

Total cost of equipment

d)

Total cost of equipment considering weighted CMC cost

8.

What is the full form of Incoterms

a)

Internal cricket terms

b)

International commerce terms

c)

International commercial terms

d)

Interesting commerce terms

9.

Public procurement in India is governed by

a)

Purchase Policy

b)

Guidelines of ministry of finance

c)

GeM

d)

GFR

10.

Full form of LD

a)

Late delivery

b)

Liquidated damages

c)

Liquified Damages

d)

Listing delays