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MCQ On Material Management

This document contains 10 multiple choice questions related to business and purchasing concepts such as: - Macro factors like business cycles and price trends vs micro/controllable factors - Bills of materials (BOMs) which list components at the design stage - Material requirements planning (MRP) which plans material ordering and usage - Lead time between ordering and receiving materials - The key tasks of purchasing including buying the right quality, quantity, time, and price - The 5Rs of buying and dividing purchasing responsibilities - The initial activity in the purchasing cycle and procuring items in scheduled deliveries

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manik ghosh
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8K views2 pages

MCQ On Material Management

This document contains 10 multiple choice questions related to business and purchasing concepts such as: - Macro factors like business cycles and price trends vs micro/controllable factors - Bills of materials (BOMs) which list components at the design stage - Material requirements planning (MRP) which plans material ordering and usage - Lead time between ordering and receiving materials - The key tasks of purchasing including buying the right quality, quantity, time, and price - The 5Rs of buying and dividing purchasing responsibilities - The initial activity in the purchasing cycle and procuring items in scheduled deliveries

Uploaded by

manik ghosh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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For More Questions Click Here

1. Business cycle, price trends, National Economy are …………….


a. Micro Factors
b. Macro Factors
c. Controllable Factors
Answer: b
2. ……………………….also called part lists or building lists is the document generated at the design
stage.
a. MRP (Material Requirement Planning)
b. BOM (Bill of Materials)
c. MPS (Master Production Schedule)
Answer: b
3. ………………………………is the scientific technique for planning the ordering and usage of materials
at various levels of production and for monitoring the stocks during these transaction.
a. MPS
b. MRP
c. BOM
Answer: b
4. …………………………is the time that elapses between issuing replenishment order and receiving the
material in stores.
a. Replenishment time
b. Lead time
c. Idle time
Answer:
5. …………………is the task of buying goods of right quality, in the right quantities, at the right time
and at the right price.
a. Supplying
b. Purchasing
c. Scrutinizing
Answer: b
6. Which is not a part of 5R’s of buying?
a. Right Quality
b. Right Quantity
c. Right Source
d. Right Price
e. None of the above
Answer: e
7. Purchasing responsibilities can be divided into Buying, Clerical and ………..division.
a. Packing
b. Traffic
c. Record
d. Follow up
Answer: b
8. The first activity of Purchasing cycle is
a. Communicating requirement to the purchase
b. Source Selection and development
c. Recognizing the need for procurement
d. Inspection of goods
Answer: c
9. Procuring an item in staggering deliveries according to the delivery schedule finished to the
supplier by the buyer.
a. Seasonal Buying
b. Hand to mouth buying
c. Scheduled Buying
d. Tender Buying
e. Speculative Buying
Answer: c
10. Buying of the annual requirements of an item during its season.
a. Seasonal Buying
b. Hand to mouth buying
c. Scheduled Buying
d. Tender Buying
e. Speculative Buying
Answer: e

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