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Friday, November 25, 2011

Materials Management Quiz - 4

1. Bulky items impervious to weather is kept at very safe place inside store.
[A]TRUE
[B]FALSE



2. Projects are usually subjected to uncertainty & often delay takes place in completion of projects which results in cost over runs.
[A]TRUE
[B]FALSE



3. Contract whose object is not lawful are not void.
[A]TRUE
[B]FALSE



4. Shortage chasing is intended to remind the supplier of the due date and obtain advance information of expected delays.
[A]TRUE
[B]FALSE



5. Stores is the "Safe Custody" for keeping materials
[A]TRUE
[B]FALSE



6. The performance of an equipment can not be verified on the spot if the equipment is not in operation.
[A]TRUE
[B]FALSE



7. If item is manufactured in small quantities, set-up cost is high.
[A]TRUE
[B]FALSE



8. Supplier's delivery ratings should be communicated on periodical basis.
[A]TRUE
[B]FALSE



9. Turnover discount is usually related to the annual business and is paid in the form of credit note at the end of the year.
[A]TRUE
[B]FALSE



10. Manual inspection is economical when volume of output is small.
[A]TRUE
[B]FALSE



11. Master production schedule is not a forecast of demand but is plan for production.
[A]TRUE
[B]FALSE



12. Indentor's copy is meant to enable indentor to follow up with the purchase department.
[A]TRUE
[B]FALSE



13. Multiple sampling is an extension of the double sampling plan.
[A]TRUE
[B]FALSE



14. Safety stock forms a fixed portion of inventories.
[A]TRUE
[B]FALSE



15. Maintenance and repair costs in used equipments are relatively higher.
[A]TRUE
[B]FALSE



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