UnitName    ChapterName SectionName    Questions
           Material Cost :  Material Cost :  Material Cost :  Purchase Requisition is a _____ of material.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  _____ _____ shows stock position of Bin.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  _____ _____ _____ shows movement of each item of 
           Documentation Documentation Documentation material.
           Material Cost :  Material Cost :  Material Cost :  Material control includes control over _____.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  Under _____ _____ _____ stock is verified at the end 
           Documentation Documentation Documentation of a certain period.
           Material Cost :  Material Cost :  Material Cost :  Under  _____  _____  _____  stock  is  verified 
           Documentation Documentation Documentation continuously.
           Material Cost :  Material Cost :  Material Cost :    _____  _____  _____  is  a  technique  of  selective 
           Documentation Documentation Documentation control.
           Material Cost :  Material Cost :  Material Cost :  _____ _____ _____ helpful for calculation of cost of 
           Documentation Documentation Documentation material of a job.
           Material Cost :  Material Cost :  Material Cost :  Purchase order is prepared by marketing manager.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  Purchase order is prepared in 5 copies.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  The function of Receiving Department is to open the 
           Documentation Documentation Documentation packages.
           Material Cost :  Material Cost :  Material Cost :  Material Requisition is signed by foreman.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  Bill of material is signed by Stores Department.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  Material Inspection Note is signed by sales manager.
           Documentation Documentation Documentation
           Material Cost :  Material Cost :  Material Cost :  Goods  Received  Note  is  prepared  by  Finance 
           Documentation Documentation Documentation Department.
           Material Cost :  Material Cost :  Material Cost :  BIN Card shows receipt, issue and balance record of 
           Documentation Documentation Documentation materials.
           Material Cost :  Material Cost :  Material Cost :  Material  Transfer  Note  shows  Transfer  of  material 
           Documentation Documentation Documentation from one Department to another Department.
           Material Cost :  Material Cost :  Material Cost :  EOQ is most economical size of order.
           Documentation Documentation Documentation
      Material Cost :  Material Cost :  Material Cost :  Carrying  cost  is  incurred  to  hold  inventory  in  the 
      Documentation Documentation Documentation stores.
      Material Cost :  Material Cost :  Material Cost :  Ordering cost is incurred to purchase materials.
      Documentation Documentation Documentation
      Material Cost :  Material Cost :  Material Cost :  Order  should  be  placed  with  the  supplier  when 
      Documentation Documentation Documentation Inventory touches maximum level.
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation ABC analysis is Activity Based costing.
      Material Cost :  Material Cost :  Material Cost :  Purchase requisition is
      Documentation Documentation Documentation
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Purchase order is
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Material Inspection Note is
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Bin Card is
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation A store ledger is
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Bill of materials
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Material control includes
      Material Cost :  Material Cost :  Material Cost :  Under periodic inventory control
      Documentation Documentation Documentation
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation Under perpetual inventory control
      Material Cost :  Material Cost :  Material Cost : 
      Documentation Documentation Documentation ABC Analysis is
                          A                           B                          C                         D
              Requirement
                                         Purchase return            Supply                     None of the above
                                                                    Bin Card
              Inspection note            Delivery material                                     Store record
                                         Stores ledger
              Delivery material                                     Supplier ledger            None of the above
                                         Material
              Inventory control                                     Control over labour        Control over overheads
                                                                    Periodic Inventory
              Continuosly                Certain period                                        None of the above
              ABC Analysis               Bill of Material           Perpetual Inventory system
                                                                                               None of the above
              Perpetual Inventory system Bill of Material           ABC Analysis
                                                                                               None of the above
              Bill of Material
                                         Supply of Material         Requirement of Material    None of the above
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
              True                       False 
               True                        False 
               True                        False 
               True                        False 
               True                        False 
               an order for supply of                                   a request to return the 
               materials                   a requirement of material    material                     purchase return
               sent by the purchase        a request to return the      a request to inspect the     acknowledgement of 
               officer to supplier         material                     material                     goods
               prepared and forwarded to                                                             signed by production 
               the Stores Department       signed by the store keeper signed by the supplier         manager
                                           a continous record of stock a statement of delivery of  a statement of issue of 
               a inspection note           stored                       materials                    material
                                                                        a ledger which shows 
               an evidence of delivery of                               movement of each item of 
               materials                   a ledger of the supplier     materials                    none of the above
               is an invoice sent by the   helps to calculate the cost  is an inpection record of    an acknowledgement of 
               supplier                    of materials of a job        materials                    material received
               inventory control           control over labour          control over overheads       none of the above
               stock is verified at the end  stock is verified 
               of a certain period         continuously                 stock is verified everyday   none of the above
               stock is verified           stock is verified            stock is verified at the end 
               continuously                periodically                 of every quarter             none of the above
               analysis of A, B and C type a technique of selective     a technique under which 
               of material                 control.                     control is always best.      none of the above