ENT324 TMA1 ANSWERS

Q1 A contract can be discharged due to the following reasons except.

by mutual agreement

by breach

by refusal of a party to perform

none of the above

Q2 A contract is not void because it was caused by a mistake as to any law in force in india.

TRUE

FALSE

not decided

none of the above

Q3 Disagreement may occur between 2 parties due to the following reasons except.

The misunderstanding relates to the identity of the other party to the aggreement

when its related to the subject matterd of the agreement

when it relates to the nature or terms of the transactions

none of the above

Q4 When a proposal is accepted it becomes …………

aggreement

contract

promise

acceptance

Q5 CIF= COST, Industry and freight.

TRUE

FALSE

not decided

none of the above

Q6 A turnkey contract is a mix of goods contract and ………...…. Contract.

production

work

manager

none of the above

Q7 A maintenace contract is not expected to start after the expiry of the warranty period of the goods.

TRUE

FALSE

not decided

none of the above

Q8 maitenance contract may be enteered into either with the manufacturer/supplier of the goods or

with a competent and eligible firm

TRUE

FALSE

not deci ded

none of the above

Q9 All of the following are advantages of effective purchasing except.

continuity of supply

increased materials obsolescence

improved vendor relationship

better control of quality

Q10 To develop effective and reliable sources of supply is an objective of purchasing.

TRUE

FALSE

not deci ded

none of the above

Q11 According to Dobleret all the purchasing objectives can be viewed from the following except

A more specific functional or operational level

A very general managerial level

Any functional level

A detailed levels at which precise strtegic buying plans are formed

Q12 Follow up with suppliers to ensure proper delivery is one function of purchasing department.

TRUE

FALSE

not deci ded

none of the above

Q13 purchasing specialists who buy finished goods for resale are commonly known as ………..

merchandise manager

distribution people

sales men

managers

Q14 Purchasing professionals employed by government agencies or manufacturing firms can be called

…………

purchasing directors

manager

Agents

all of the above

Q15 One of the parament advantages of materials management is that it ……………

forces disagreement between purchasing and sales

forces coordination between purchasing and production control

increases sales

all of the above

Q16 A supply chain has been defined as a network of facilities that does the following except

procure raw material

Transform them into intermidiate goods and final product

deliver the product to customer

none of the above

Q17 procurement originated from ………….

America industry

military organisation

west Africa

Asia

Q18 Procurement is a term originated by the armed forces to define one of several function invovled

in logistic.

TRUE

FALSE

not deci ded

none of the above

Q19 Purchasing may be defined as follows: The process by which an individual, a company obtain

goods and services to fufil its business objectives.

TRUE

FALSE

not deci ded

none of the above

Q20 Material management is sometimes described as …………… for the business manager.

The first goal line

The third goal line

The last goal line

The fourth goal line