INTRO PURCHASE & COST CONTROL

INTRO PURCHASE & COST CONTROL

University

10 Qs

quiz-placeholder

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INTRO PURCHASE & COST CONTROL

INTRO PURCHASE & COST CONTROL

Assessment

Quiz

Education, Other

University

Practice Problem

Hard

Created by

Drs. M.M

Used 19+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a purchase ?

The buying of everything

The buying of our needs and wants

The buying of our personal needs

the buying of goods or services

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How many types of Purchasing ?

1

2

3

4

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many stages of the purchasing process?

6

7

9

8

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Purchasing important ?

To meet their needs on a regular basis

To get competitive performance, profitability and overall efficiency

To get the optimal benefit from the value for money spent

All answers are correct

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of Cost Control ?

A particular regulation by certain executive actions which result in the cutting of costs in uncertain operations of the company

A particular system by certain executive actions which result in the expenses of the company

A particular regulation by certain executive actions which result in the cutting of costs in certain operations of the company

A particular policy by certain executive actions which result in the cutting of costs in certain operations of the company

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How many primary phases in the Cost Management System ?

2

3

4

5

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Cost Control important ?

To achieve a target set for the sales of the businesses

To avoid the deviations, easily analyzed and take some corrective actions

A method to reduce expenses / costs as low as possible and to get the targeted profit

All answers are correct

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