πŸ“Š Cost and Works Accounting 1
Q. The __________ specification describes, defines or specifies the goods / services to be supplied. Performance
  • (A) Functional
  • (B) Technical
  • (C) Bid
  • (D) General Requirements
πŸ’¬ Discuss
βœ… Correct Answer: (C) Bid
πŸ“Š Cost and Works Accounting 1
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) Bid protest
πŸ“Š Cost and Works Accounting 1
Q. __________ 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
πŸ’¬ Discuss
βœ… Correct Answer: (B) Stop work order
πŸ“Š Cost and Works Accounting 1
Q. __________ 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
πŸ’¬ Discuss
βœ… Correct Answer: (B) Substantial completion
πŸ“Š Cost and Works Accounting 1
Q. __________ 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) Change order / purchase order amendment
πŸ“Š Cost and Works Accounting 1
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (B) Purchase manager
πŸ“Š Cost and Works Accounting 1
Q. One of the objective of …………….is to avoid under and overstocking of material.
  • (A) Scientific Purchasing
  • (B) Purchasing
  • (C) Sales control
  • (D) none
πŸ’¬ Discuss
βœ… Correct Answer: (A) Scientific Purchasing
πŸ“Š Cost and Works Accounting 1
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (C) budget
πŸ“Š Cost and Works Accounting 1
Q. ……………………is the head of the purchase department.
  • (A) Sales Manager
  • (B) Purchase Manager
  • (C) Marketing Manager
  • (D) none
πŸ’¬ Discuss
βœ… Correct Answer: (B) Purchase Manager
πŸ“Š Cost and Works Accounting 1
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) Size