Cost and Works Accounting 1 MCQs and Notes

M

Mr. Dubey • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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 • 95.57K 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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