Cost and Works Accounting 1 MCQs and Notes

M

Mr. Dubey • 52.30K Points
Coach

Q 21. The __________ specification describes, defines or specifies the goods / services to be supplied. Performance

(A) Functional
(B) Technical
(C) Bid
(D) General Requirements

M

Mr. Dubey • 52.30K Points
Coach

Q 22. The process that may be used by an unsuccessful supplier to seek remedy for a non award of work is:

(A) Bid protest
(B) Stop work order
(C) Back charge
(D) Contract dispute

M

Mr. Dubey • 52.30K Points
Coach

Q 23. __________ is a request for interim stoppage of work due to non conformance, funding or technical considerations.

(A) Bid protest
(B) Stop work order
(C) Notice to proceed
(D) Supplier default notice

M

Mr. Dubey • 52.30K Points
Coach

Q 24. __________ defines when the work is ready for or is being used for the purpose intended and is so certified.

(A) Final completion
(B) Substantial completion
(C) Final acceptance
(D) Mechanical completion

M

Mr. Dubey • 52.30K Points
Coach

Q 25. __________ is a written order directing the contractor to make changes according to the provisions of the contract documents.

(A) Change order / purchase order amendment
(B) Contract order modifications
(C) Contractor claim
(D) Owner directive

M

Mr. Dubey • 52.30K Points
Coach

Q 26. The…………….must maintain a proper classified record of all purchases, uses and stock of materials.

(A) Costing officer
(B) Purchase manager
(C) stores clerk
(D) none

M

Mr. Dubey • 52.30K Points
Coach

Q 27. One of the objective of …………….is to avoid under and overstocking of material.

(A) Scientific Purchasing
(B) Purchasing
(C) Sales control
(D) none

M

Mr. Dubey • 52.30K Points
Coach

Q 28. Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.

(A) requisition
(B) order
(C) budget
(D) none

M

Mr. Dubey • 52.30K Points
Coach

Q 29. ……………………is the head of the purchase department.

(A) Sales Manager
(B) Purchase Manager
(C) Marketing Manager
(D) none

M

Mr. Dubey • 52.30K Points
Coach

Q 30. The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.

(A) Size
(B) Number of managers
(C) Number of workers
(D) none

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