materials management 03

8/12/2019 Materials management 03

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Select The Blank

Question Conformance to ________ is checked against component drawings.

Correct Answer Dimensions

Your Answer Dimensions

Multiple Choice Single Answer

Question The inentories which refer to the maintenance! repair and operationsupplies which are consumed during process of manufacturing "ut do not "ecome part ofthe product is #$

Correct Answer M%& inentories

Your Answer M%& inentories

True'(alse

Question )mport su"stitution in realit* should "e looked upon as +)mportaoidance+

Correct Answer True

Your Answer True

True'(alse

Question Deterioration , &"solescence cost are similar.

Correct Answer (alse

Your Answer True

Select The Blank


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Question Customs dut* is charged on the imported goods as per ________.

Correct Answer Customs tariff rules

Your Answer Customs tariff rules

Multiple Choice Multiple Answer

Question )n a contract "u*er has right to #$

Correct Answer -amine the goods ! %e/ect the goods deliered in wrong0uantit* ! %e/ect non conforming goods

Your Answer -amine the goods ! %e/ect the goods deliered in wrong 0uantit* ! Suefor interest of "u*er

Select The Blank

Question ________ of the department refers to the placement of the departmentin the structure of the compan*.

Correct Answer Status

Your Answer 1ocation

True'(alse

Question 2urchasing policies are implemented "* framing procedures and rules.

Correct Answer True

Your Answer True

True'(alse

Question Black "ituminous paint should "e applied to ru""er parts.


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Your Answer (alse


Question 2ending purchases indent report #$

Correct Answer 3ighlights indents *et to "e conerted in to purchase$orders

Your Answer 3ighlights indents *et to "e conerted in to purchase$orders


Question Correct issues must hae #$

Correct Answer 4ritten re0uisitions ! Authori5ed re0uisitions

Your Answer 4ritten re0uisitions ! Authori5ed re0uisitions ! 6ame of re0uisitor


Question The following are the actions would help to improe effectieness of

materials planning #$

Correct Answer Accurate forecasting ! Computeri5ation ! Shorter materials plan

period

Your Answer Accurate forecasting ! Computeri5ation ! )ncrease in lead time

Select The Blank

Question S*stematic! formal and continuous anal*sis of all factors affect ________management function is known as Materials research.

Correct Answer Materials


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Your Answer Materials

True'(alse

Question &-M discount is gien "* the supplier with a iew to widen customer7s"ase.

Correct Answer True

Your Answer (alse


Question A "u*er gies wrong idea to his supplier a"out his re0uirements or showa fictitious figure to get some price discount is called as #$

Correct Answer Misrepresentation of facts

Your Answer Misrepresentation of facts


Question 2urchasing and procurement cost reduction is possi"le through #$

Correct Answer Blanket orders ! 8reen purchasing ! S*stem contracting

Your Answer Blanket orders ! 8reen purchasing ! S*stem contracting

Select The Blank

Question ________ department in almost all companies is the "iggest spendingdepartment and the custodian of compan*7s purse.

Correct Answer 2urchasing

Your Answer 2urchasing


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Select The Blank

Question ________ find their use in identification of raw materials! lu"ricants!

pipelines etc.

Correct Answer Colour codes

Your Answer Colour codes

Select The Blank

Question ________ is a comple com"ination of men! machines! materials andtools.

Correct Answer Manufacturing

Your Answer &peration


Question 4hat is the meaning of storekeeping9

Correct Answer 2h*sical storage of goods under custodianship in a s*stematicmanner

Your Answer 2h*sical storage of goods under custodianship in a s*stematic manner

True'(alse

Question :alue anal*sis is the cost reduction techni0ue.

Correct Answer True

Your Answer True


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Question Competitie price information must "e treated as confidential and shouldnot "e disclosed to the "idders with an intention of allowing them to re"id is #$

Correct Answer )mproprieties of "ids

Your Answer )mproprieties of "ids

Match The (ollowing

Question Correct Answer Your Answer

;- ;ournal -ntries ;ournal -ntries

2& 2urchase order 2urchase order

8%6 8oods receipt note 8oods receipt note

D6 Discrepanc* note. Discrepanc* note.


Question Traffic diision is concerned with #$

Correct Answer Arrangement of eco. Transportation of incoming and outgoing

materials

Your Answer Arrangement of eco. Transportation of incoming and outgoing materials


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Question )ssue of stock is #$

Correct Answer 2rocess of reacting "* stores

Your Answer 2rocess of reacting "* stores

True'(alse

Question Cancellation of orders on flims* ground is unethical.

Correct Answer True

Your Answer True

Select The Blank

Question S*stematic ________of stores is the ke* to its efficient operation.

Correct Answer 1a*out

Your Answer 1a*out


Question (oreign trade is controlled "* 8oernment for #$

Correct Answer 2romoting eport ,controlling import

Your Answer 2romoting eport ,controlling import


Question )n reiew s*stem$optional replenishment #$

Correct Answer %eorder leel is fied ! %eiew period is fied


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Your Answer %eiew period is fied ! %eorder leel is fied


Question The receiing stores cop* is used "* it #$

Correct Answer To ensure that supplier effects suppl* of onl* items ordered onhim. ! To ensure that supplier does not suppl* more than the 0uantit* stipulated in thepurchase order. ! To ensure that the supplier effect delieries through the mode oftransport asked for "* the "u*er.

Your Answer To ensure that supplier does not suppl* more than the 0uantit*

stipulated in the purchase order.

True'(alse

Question A compan* wishing to use preferred num"ers must decide first thesmallest si5e to "e made! then largest si5e to "e made and then the total no. of si5es to

"e made.

Correct Answer True

Your Answer (alse


Question (inished goods means #$

Correct Answer 8oods which are read* to ship

Your Answer 8oods which are read* to ship

True'(alse

Question ;)T purchasing is indirectl* the actiit* of pushing inentor* on the

suppliers.


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Correct Answer True

Your Answer True


Question Quantit* discounts are offered when #$

Correct Answer Bu*er tempts to produce large 0uantit* ! 2roduction is higher ,cost is less

Your Answer Bu*er tempts to produce large 0uantit* ! 2roduction is higher , cost isless


Question Adantages of fied price agreements are #$

Correct Answer The* are eas* to administer ! The* gie certaint* to the "u*er whoknows from the start! amount he has to pa* for the goods'serices. ! The* protect "u*er

from possi"le financial risks from price escalations

Your Answer The* are eas* to administer ! The* gie certaint* to the "u*er whoknows from the start! amount he has to pa* for the goods'serices. ! The* protect "u*erfrom possi"le financial risks from price escalations

Select The Blank

Question &riginating department of dail* material receipt report is ________.

Correct Answer %eceiing store

Your Answer %eceiing store

Select The Blank


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Question ________ is the arrangement of items into groups according to a predetermined pattern.

Correct Answer Classification

Your Answer Classification


Question Main information in the "ill of material is #$

Correct Answer 2art no. ! Material specification ! Quantit* per assem"l*

Your Answer 2art no. ! Material specification ! Quantit* per assem"l*

Match The (ollowing

Question Correct Answer Your Answer

1C 1a"our cost as considered at the time of contract 1a"our cost as considered atthe time of contract

MA Actual material cost as on date. Actual material cost as on date.

MC Material cost as considered at the time of contract Material cost as considered atthe time of contract

1A Actual la"our cost as on date Actual la"our cost as on date



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Question 3eat is #$

Correct Answer An ph*sical agent

Your Answer An ph*sical agent


Question A formal re0uest to the purchase department! "* the indentor to procurethe items mentioned therein and within the indicated time schedule is #$

Correct Answer 2urchase indent

Your Answer 2urchase indent

True'(alse

Question Coal and coke gas used for power generation and process heating are

direct materials.


Your Answer True

Select The Blank

Question )n a contract of sale "* description the goods sold must "e of ________0ualit*.

Correct Answer Merchanta"le

Your Answer Merchanta"le

True'(alse

Question Annual total cost remain constant though stock$turn oer rate changes.


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Your Answer (alse


Question &"solescence cost is #$

Correct Answer Due stock on hand ! 2art 6o. ' 6ame

Your Answer Due stock on hand ! Cause of the eent ! 6um"er of turns

True'(alse

Question Single tender s*stem is used when there is onl* one supplier of the item.

Correct Answer True

Your Answer True

Select The Blank

Question )n traditional purchasing! 0ualit* is confirmed ________.

Correct Answer &n receipt

Your Answer &n receipt

Saturday, March 15, 2008

Materials Management - 4

Select The Blank

Question)nspection methods anal*5e ________.Correct Answer
http://scdlpapers.blogspot.com/2008/03/materials-management-4.htmlhttp://scdlpapers.blogspot.com/2008/03/materials-management-4.html


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Degree of inspectionYour AnswerQualit* of material

Multiple Choice Single AnswerQuestion

)n (ied$&rder 0uantit* s*stem! c*cle time of consumption should "e #$Correct Answer

More than lead timeYour Answer

1ess than lead$time

Select The BlankQuestion)n the ________ ! the composition of code is in three groups of digits that are separated"* h*phens! the h*phens seres to "reak the code into eas* to handle group of digits.Correct Answer


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Correct Answer)f stock turnoer rate changes ! )f 0uantit* changesYour Answer)f stock turnoer rate changes ! )f procurement cost changes ! )f set$up cost changes

True'(alse

Question(unctionall* critical parts re0uire to "e coered under cent per cent inspection

Correct AnswerTrue

Your Answer(alse

Select The BlankQuestion8%% are sent from ________.Correct AnswerStores Dept.

Your AnswerStores Dept.


QuestionCompetitie price information must "e treated as confidential and should not "edisclosed to the "idders with an intention of allowing them to re"id is #$Correct Answer)mproprieties of "idsYour Answer

2rice disclosure

Select The BlankQuestion

8ood ________ relations are necessar* for effectie materials planning as eer*department is inoled in materials planning "ecause each department re0uires one itemor other another.Correct AnswerDepartmentalYour AnswerDepartmental

Multiple Choice Multiple AnswerQuestion

The following are the actions would help to improe effectieness of materialsplanning #$Correct AnswerAccurate forecasting ! Computeri5ation ! Shorter materials plan periodYour AnswerAccurate forecasting ! Computeri5ation ! Shorter materials plan period

Match The (ollowing

QuestionCorrect Answer

Your Answer;-

;ournal -ntries

;ournal -ntries2&


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2urchase order2urchase order8%68oods receipt note8oods receipt noteD6

Discrepanc* note.Discrepanc* note.

True'(alse

QuestionCancellation of orders on flims* ground is unethical.Correct AnswerTrueYour AnswerTrue

Select The Blank

QuestionStandardi5ed containers eliminates ________

Correct AnswerTransit damage

Your AnswerTransit damage

Multiple Choice Single AnswerQuestion2urchase order offers acceptance and hae "een clearl* laid down in #$

Correct Answer)ndian Contract act =>?@

Your Answer)ndian Contract act =>?@

Multiple Choice Single AnswerQuestion(or the inspection of Stationer* which department is responsi"le9Correct AnswerStoresYour AnswerStores

Match The (ollowing

QuestionCorrect AnswerYour Answer(AS $@Sale at the port of destinationSale at port of eport(&B =$=Sale is made on (&B essel

Sale is made on (&B esselC)( @$

Sale is made at port of destinationSale at the port of destination

C(% $

Sale at port of eportSale is made at port of destination


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Multiple Choice Single AnswerQuestion%eprocessing of Scrap is #$Correct Answer%eclaiming for re$use

Your Answer%eclaiming for re$use


Question1imit gauges are used to erif* #$Correct Answer4hether the product is within the specificationYour Answer4hether the product is within the specification


Question4hich of the following is not the internal factor influencing materials planning9

Correct Answer)nternational market

Your Answer)nternational market

Multiple Choice Single AnswerQuestionThe s*stem should "e designed in such a wa* that it seres the adantages that are

epected to accrue from it! is called as #$Correct Answer

&"/ectie orientedYour Answer

&"/ectie oriented

Multiple Choice Single AnswerQuestion%eal creatie ideas results #$Correct Answer4hen mem"ers entures into impossi"le areasYour Answer

4hen opportunit* is gien to staff

Multiple Choice Multiple AnswerQuestionSegregation of scrap means #$Correct AnswerSorting "* t*pe! si5e! grade etc. ! Sorting "* grade! weightYour AnswerSorting "* t*pe! si5e! grade etc. ! Sorting "* grade! weight


________clause should "e inserted in the purchase order of items critical to pro/ect toinduce supplier for earl* completion of the orders.

Correct Answer

BonusYour Answer


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2enalt* for dela*

True'(alseQuestionSingle tender s*stem is used when there is onl* one supplier of the item.Correct Answer

TrueYour Answer

True

Multiple Choice Multiple AnswerQuestion(ollowing are "enefits of scientific stoke management #$Correct Answer%eduction in downtime "* efficient issues ! )nentor* control ! :er* less time re0uired toidentif* , issue materialYour Answer%eduction in downtime "* efficient issues ! )nentor* control ! :er* less time re0uired to

identif* , issue material

True'(alseQuestion

Stores is the +Safe Custod*+ for keeping materialsCorrect AnswerTrueYour AnswerTrue

True'(alseQuestion

:alue anal*sis is the cost reduction techni0ue.Correct Answer

TrueYour AnswerTrue

True'(alseQuestionCodification aoids confusion and dou"t caused "* long description of items.Correct Answer

TrueYour Answer

True

Multiple Choice Multiple AnswerQuestionComplaints concerning should "e made in such a wa* that negatie reactions areaoided such as #$Correct AnswerDelier* failures ! %e/ection ! Shortages

Your AnswerDelier* failures ! %e/ection ! Shortages

True'(alse

Question

A firm engaged in custom$"uilt$product! is usuall* plagued with o"solete material.Correct Answer


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TrueYour AnswerTrue


________ refers to the procurement of the re0uirements of all departments of the firm"* a central purchase organi5ation.

Correct AnswerCentralisation

Your AnswerCentralisation

Multiple Choice Multiple AnswerQuestionConentional machine set$up time includes #$Correct AnswerTool replenishment ! (irst piece inspection

Your AnswerTool replenishment ! (irst piece inspection ! Set$up


QuestionStock$out is due to #$Correct AnswerEnusual high demands ! Dela* in delieriesYour AnswerEnusual high demands ! Dela* in delieries ! Machine "reak$down

True'(alse

Question6egotiation should end up with an unhapp* supplier.

Correct Answer(alseYour Answer(alse

Select The BlankQuestionS*stematic! formal and continuous anal*sis of all factors affect ________ management

function is known as Materials research.Correct Answer

MaterialsYour AnswerMaterials

True'(alseQuestionSince stock$taking is a check on storekeeper! it should not "e conducted "* him.Correct Answer

(alseYour Answer

(alse


QuestionSalient features of the working of the price panel are as under #$


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Correct AnswerEsage alue a"oe which the panel is to approe of the price is specified. ! :endordeelopment department is re0uired to gie cost "reak up to the secretar* of the pricepanel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.Your AnswerEsage alue a"oe which the panel is to approe of the price is specified. ! :endor

deelopment department is re0uired to gie cost "reak up to the secretar* of the pricepanel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.


QuestionApplication for an import license must "e signed from #$Correct Answer2roprietor ! 2artner of firm ! 2erson dul* authori5ed "* "oard of directors of compan*Your Answer2roprietor ! 2artner of firm ! 2erson dul* authori5ed "* "oard of directors of compan*

True'(alse

QuestionManual inspection is economical when olume of output is small.

Correct AnswerTrue

Your AnswerTrue

Multiple Choice Multiple AnswerQuestion(or large organi5ations where product is made up of assem"lies of manufactured

components raw material store is su"diided into #$Correct Answer

(oundr* store ! Tool cri" ! Maintenance storeYour Answer

(oundr* store ! Tool cri" ! 8oods inward store

True'(alseQuestion2ost parcel consignments are cleared through customs , clearance is done throughforeign post office.Correct AnswerTrue

Your AnswerTrue

Multiple Choice Single AnswerQuestion4hat is the meaning of discharge of contract "* noation9Correct Answer)f the parties agree to su"stitute a new contract in place of eisting one or alter it!original contract is dischargedYour Answer

)f the parties agree to su"stitute a new contract in place of eisting one or alter it!original contract is discharged

Select The Blank

Question

Quantit* deliered of goods must "e according to the ________.Correct Answer


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Terms of contractYour AnswerTerms of contract


4hich of the following is not the eternal factor influencing materials planning9Correct Answer

Corporate o"/ectieYour Answer

Corporate o"/ectie

at =# AMF comments1inks to this post

1a"els# Materials Management



)nspection methods anal*5e ________.Correct AnswerDegree of inspectionYour AnswerQualit* of material


)n (ied$&rder 0uantit* s*stem! c*cle time of consumption should "e #$Correct Answer

More than lead timeYour Answer1ess than lead$time

Select The BlankQuestion)n the ________ ! the composition of code is in three groups of digits that are separated"* h*phens! the h*phens seres to "reak the code into eas* to handle group of digits.

Correct Answer


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)nentor* reduction techni0ueYour Answer;ust$in$time


)ssues to top up suppl* to pre$fied leels of items are #$Correct Answer

)mprest issuesYour Answer

)mprest issues

True'(alseQuestionTwo "in s*stem is "etter as compared to perpetual inentor* s*stem.Correct Answer(alseYour Answer

True


Annual total cost changes #$Correct Answer)f stock turnoer rate changes ! )f 0uantit* changesYour Answer)f stock turnoer rate changes ! )f procurement cost changes ! )f set$up cost changes

True'(alseQuestion

(unctionall* critical parts re0uire to "e coered under cent per cent inspectionCorrect Answer

TrueYour Answer(alse

Select The BlankQuestion8%% are sent from ________.Correct Answer

Stores Dept.Your Answer

Stores Dept.

Multiple Choice Single AnswerQuestionCompetitie price information must "e treated as confidential and should not "edisclosed to the "idders with an intention of allowing them to re"id is #$Correct Answer)mproprieties of "ids

Your Answer2rice disclosure

Select The Blank

Question

8ood ________ relations are necessar* for effectie materials planning as eer*department is inoled in materials planning "ecause each department re0uires one item


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or other another.Correct AnswerDepartmentalYour AnswerDepartmental


The following are the actions would help to improe effectieness of materialsplanning #$

Correct AnswerAccurate forecasting ! Computeri5ation ! Shorter materials plan periodYour AnswerAccurate forecasting ! Computeri5ation ! Shorter materials plan period

Match The (ollowingQuestionCorrect Answer

Your Answer;-

;ournal -ntries;ournal -ntries

2&2urchase order2urchase order8%68oods receipt note8oods receipt note

D6Discrepanc* note.

Discrepanc* note.

True'(alseQuestionCancellation of orders on flims* ground is unethical.Correct AnswerTrueYour AnswerTrue


Standardi5ed containers eliminates ________Correct AnswerTransit damageYour AnswerTransit damage


2urchase order offers acceptance and hae "een clearl* laid down in #$Correct Answer

)ndian Contract act =>?@Your Answer

)ndian Contract act =>?@



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Question(or the inspection of Stationer* which department is responsi"le9Correct AnswerStoresYour AnswerStores

Match The (ollowing


Your Answer(AS $@Sale at the port of destinationSale at port of eport(&B =$=Sale is made on (&B esselSale is made on (&B esselC)( @$

Sale is made at port of destinationSale at the port of destination

C(% $Sale at port of eport

Sale is made at port of destination

Multiple Choice Single AnswerQuestion%eprocessing of Scrap is #$Correct Answer

%eclaiming for re$useYour Answer

%eclaiming for re$use

Multiple Choice Single AnswerQuestion1imit gauges are used to erif* #$Correct Answer4hether the product is within the specificationYour Answer4hether the product is within the specification


4hich of the following is not the internal factor influencing materials planning9Correct Answer)nternational marketYour Answer)nternational market


The s*stem should "e designed in such a wa* that it seres the adantages that areepected to accrue from it! is called as #$

Correct Answer&"/ectie oriented

Your Answer

&"/ectie oriented


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Multiple Choice Single AnswerQuestion%eal creatie ideas results #$Correct Answer4hen mem"ers entures into impossi"le areasYour Answer

4hen opportunit* is gien to staff


Segregation of scrap means #$Correct AnswerSorting "* t*pe! si5e! grade etc. ! Sorting "* grade! weightYour AnswerSorting "* t*pe! si5e! grade etc. ! Sorting "* grade! weight


________clause should "e inserted in the purchase order of items critical to pro/ect toinduce supplier for earl* completion of the orders.

Correct AnswerBonus

Your Answer2enalt* for dela*

True'(alseQuestionSingle tender s*stem is used when there is onl* one supplier of the item.

Correct AnswerTrue

Your AnswerTrue

Multiple Choice Multiple AnswerQuestion(ollowing are "enefits of scientific stoke management #$Correct Answer%eduction in downtime "* efficient issues ! )nentor* control ! :er* less time re0uired toidentif* , issue materialYour Answer

%eduction in downtime "* efficient issues ! )nentor* control ! :er* less time re0uired toidentif* , issue material

True'(alseQuestionStores is the +Safe Custod*+ for keeping materialsCorrect AnswerTrueYour AnswerTrue

True'(alse

Question:alue anal*sis is the cost reduction techni0ue.

Correct Answer

TrueYour Answer


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True

True'(alseQuestionCodification aoids confusion and dou"t caused "* long description of items.Correct Answer

TrueYour Answer

True

Multiple Choice Multiple AnswerQuestionComplaints concerning should "e made in such a wa* that negatie reactions areaoided such as #$Correct AnswerDelier* failures ! %e/ection ! ShortagesYour AnswerDelier* failures ! %e/ection ! Shortages

True'(alse

QuestionA firm engaged in custom$"uilt$product! is usuall* plagued with o"solete material.

Correct AnswerTrueYour AnswerTrue

Select The Blank

Question________ refers to the procurement of the re0uirements of all departments of the firm

"* a central purchase organi5ation.Correct Answer

CentralisationYour AnswerCentralisation

Multiple Choice Multiple AnswerQuestionConentional machine set$up time includes #$Correct Answer

Tool replenishment ! (irst piece inspectionYour Answer

Tool replenishment ! (irst piece inspection ! Set$up

Multiple Choice Multiple AnswerQuestionStock$out is due to #$Correct AnswerEnusual high demands ! Dela* in delieriesYour Answer

Enusual high demands ! Dela* in delieries ! Machine "reak$down

True'(alseQuestion

6egotiation should end up with an unhapp* supplier.

Correct Answer(alse


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Your Answer(alse

Select The BlankQuestionS*stematic! formal and continuous anal*sis of all factors affect ________ management

function is known as Materials research.Correct Answer

MaterialsYour Answer

Materials

True'(alseQuestionSince stock$taking is a check on storekeeper! it should not "e conducted "* him.Correct Answer(alseYour Answer

(alse


Salient features of the working of the price panel are as under #$Correct AnswerEsage alue a"oe which the panel is to approe of the price is specified. ! :endordeelopment department is re0uired to gie cost "reak up to the secretar* of the pricepanel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.Your Answer

Esage alue a"oe which the panel is to approe of the price is specified. ! :endordeelopment department is re0uired to gie cost "reak up to the secretar* of the price

panel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.

Multiple Choice Multiple AnswerQuestionApplication for an import license must "e signed from #$Correct Answer2roprietor ! 2artner of firm ! 2erson dul* authori5ed "* "oard of directors of compan*Your Answer2roprietor ! 2artner of firm ! 2erson dul* authori5ed "* "oard of directors of compan*

True'(alseQuestion

Manual inspection is economical when olume of output is small.Correct AnswerTrueYour AnswerTrue


(or large organi5ations where product is made up of assem"lies of manufacturedcomponents raw material store is su"diided into #$

Correct Answer(oundr* store ! Tool cri" ! Maintenance store

Your Answer

(oundr* store ! Tool cri" ! 8oods inward store


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True'(alseQuestion2ost parcel consignments are cleared through customs , clearance is done throughforeign post office.Correct AnswerTrue

Your AnswerTrue


Question4hat is the meaning of discharge of contract "* noation9Correct Answer)f the parties agree to su"stitute a new contract in place of eisting one or alter it!original contract is dischargedYour Answer)f the parties agree to su"stitute a new contract in place of eisting one or alter it!original contract is discharged

Select The Blank

QuestionQuantit* deliered of goods must "e according to the ________.

Correct AnswerTerms of contractYour AnswerTerms of contract


Question4hich of the following is not the eternal factor influencing materials planning9

Correct AnswerCorporate o"/ectie

Your AnswerCorporate o"/ectie

at =#@ AMF comments1inks to this post



1)ST &( ATT-M2T-D QE-ST)&6S A6D A6S4-%S

True'(alseQuestion)n fied$order interal s*stem! order interal is fied.Correct AnswerTrue

Your AnswerTrue

True'(alse

Question2re$fied 0t*. issue s*stem is suita"le for A$class items.
http://scdlpapers.blogspot.com/2008/03/materials-management-3.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=7596819094877915798http://scdlpapers.blogspot.com/2008/03/materials-management-3.html#linkshttp://scdlpapers.blogspot.com/search/label/Materials%20Managementhttp://scdlpapers.blogspot.com/2008/03/materials-management-2.htmlhttp://scdlpapers.blogspot.com/2008/03/materials-management-3.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=7596819094877915798http://scdlpapers.blogspot.com/2008/03/materials-management-3.html#linkshttp://www.blogger.com/email-post.g?blogID=7377623655471138589&postID=7596819094877915798http://scdlpapers.blogspot.com/search/label/Materials%20Managementhttp://scdlpapers.blogspot.com/2008/03/materials-management-2.html


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Correct Answer(alseYour AnswerTrue

Select The Blank

Question________ find their use in identification of raw materials! lu"ricants! pipelines etc.

Correct AnswerColour codes

Your AnswerColour codes

Select The BlankQuestionTwo$"in s*stem supersedes ________.Correct Answer2erpetual inentor*

Your Answer:aria"le inentor*


Question)n (.&.%. contract seller is responsi"le for #$Correct AnswerArranging for moement of goods to the transporter7s godown ! Safe loading on into theehicle !


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QuestionTelephonic 0uotations are useful when there is limited competition.Correct AnswerTrueYour AnswerTrue


QuestionThe point of transfer of ownership rights from seller to "u*er is #$

Correct Answer2lace of delier*Your AnswerSpare part and suppl* contracts

Multiple Choice Single AnswerQuestion2rices of certain commodit* ma* "e fied "* the goernment and there"* putting a

restriction on "oth "u*er and seller is #$Correct Answer

8oernment restrictionsYour Answer

8oernment restrictions

Match The (ollowingQuestionCorrect AnswerYour Answer

%eiew period&rder interal

Two$"in s*stem(&Q s*stem

B$class itemsB$class items%eduction in record$keepingTwo$"in s*stem&rder interal(ied$&rder )nteral s*stem(ied order interal(ied order interal

Select The Blank

QuestionAerage inentor* in an* replenishment s*stem is ________ to sum of minimum ,maimum stock.Correct Answer-0ualYour AnswerStead*


(ollowing are distinguishing features of Air consignment #$Correct Answer

6o s*stem of prior entr* ! free da*s are allowed from flight date

Your Answer6o s*stem of prior entr* ! free da*s are allowed from flight date ! All rules are same


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for Air , Sea consignment

Multiple Choice Multiple AnswerQuestionT*pical eamples of direct materials are #$Correct Answer

Cloth in the manufacture of garment ! 4ood in the manufacture of furniture ! (ruits in acanning industr*

Your AnswerCloth in the manufacture of garment ! 4ood in the manufacture of furniture ! (ruits in a

canning industr*

True'(alseQuestionCost of capacit* which ma* "e rendered idle if the item currentl* "eing manufactured inpurchased needs to "e added to the cost to "u*.Correct AnswerTrue

Your AnswerTrue


Question(ollowing special schemes are announced "* )ndian 8oernment under which import can"e permitted at 5ero dut* or at less dut* #$Correct Answer-port promotion capital goods scheme ! Diamond ,;ewellar* promotion scheme !)mport "* =FFG eport oriented units

Your Answer-port promotion capital goods scheme ! Diamond ,;ewellar* promotion scheme


Question8oernment departments and pu"lic sector undertakings in )ndia follow this method of"u*ing #$Correct AnswerTender "u*ingYour AnswerBlanket orders

Match The (ollowingQuestion

Correct AnswerYour Answer%ight placeDelier* as per contractDelier* as per contractBu*ers right-amine the goods-amine the contract

Enpaid sellers right&f lien

Attack on "u*ers propert*Delier*

Transfer of ownership rights from seller to the "u*er

&f lien


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Select The BlankQuestionAcceptance sampling plans hae "een eoled ________.Correct AnswerBased on pro"a"ilit* theor*Your Answer

Based on pro"a"ilit* theor*

True'(alseQuestion

2urchase cost is the price paid the supplierCorrect AnswerTrueYour AnswerTrue

True'(alseQuestion

-steem alue is paid "* the supplier.Correct Answer

(alseYour Answer

True

True'(alseQuestion:endors are not responsi"le for statutor* approals from goernment authorities.Correct Answer

(alseYour Answer

True

Multiple Choice Multiple AnswerQuestionAdantages of fied price agreements are #$Correct AnswerThe* are eas* to administer ! The* gie certaint* to the "u*er who knows from the start!amount he has to pa* for the goods'serices. ! The* protect "u*er from possi"lefinancial risks from price escalationsYour Answer

The* are eas* to administer ! The* gie certaint* to the "u*er who knows from the start!amount he has to pa* for the goods'serices. ! The* protect "u*er from possi"le

financial risks from price escalations

Multiple Choice Single AnswerQuestionThe threat on the part of supplier to hold supplies until faoura"le price decisions is #$Correct AnswerA"ilit* to hold on priceYour Answer

A"ilit* to hold on price


(inished parts are called as ________.

Correct AnswerBought$out parts


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Your AnswerAuillar* parts

Select The BlankQuestionTendering in the a"sence of negotiations is also called ________.

Correct Answer(irm "idding

Your AnswerSchedule "u*ing

Multiple Choice Multiple AnswerQuestionSpecial stores are created where #$Correct AnswerMaterial need to "e held under the control of the "ank ! Material need to "e held forperisha"le items ! Material need to "e held for eplosie , inflamma"le itemsYour Answer

Material need to "e held under the control of the "ank ! Material need to "e held forperisha"le items ! Material need to "e held for costl* items


Question4hat is the identification , location of stock in store9Correct Answer(ormulating , updating a s*stem of stores and coding to items which should ensureefficient identification , location of goods.Your Answer

(ormulating , updating a s*stem of stores and coding to items which should ensureefficient identification , location of goods.


QuestionThe inentories which refer to the maintenance! repair and operation supplies which areconsumed during process of manufacturing "ut do not "ecome part of the product is #$Correct AnswerM%& inentoriesYour Answer)n process inentories

True'(alseQuestion

6oting clerk eamines "ill of entr* papers , if found in order signs the "ill of entr*.Correct AnswerTrueYour AnswerTrue


The organi5ation set up "* (A& , 43& to eole food standards #$Correct Answer

Code Alimentarious commissionYour Answer

Code Alimentarious commission



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QuestionSalient features of the working of the price panel are as under #$Correct AnswerEsage alue a"oe which the panel is to approe of the price is specified. ! :endordeelopment department is re0uired to gie cost "reak up to the secretar* of the pricepanel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.

Your AnswerEsage alue a"oe which the panel is to approe of the price is specified. ! :endor

deelopment department is re0uired to gie cost "reak up to the secretar* of the pricepanel ! Mem"ers of the panel meet to scrutini5e and discuss the cost aspects.

Multiple Choice Single AnswerQuestionThe method used for making purchases of proprietar* items is #$Correct AnswerSingle tenderYour Answer&pen tender

Select The Blank

QuestionAll incoming materials are insured against ________

Correct AnswerDamage ' lossYour Answer:alue of material


QuestionDisadantages of forward "u*ing are #$

Correct AnswerSuch a "u*ing ma* not sere entirel* the needs of the production department ! 2rice

epectations if not realised ma* result in ma/or financial loss to the firm. ! 1arge scaleo"solescence ma* result if design changes occur.Your AnswerSuch a "u*ing ma* not sere entirel* the needs of the production department ! 2riceepectations if not realised ma* result in ma/or financial loss to the firm. ! )nentor*holding charges are lower.

True'(alse

Question1ead time information is re0uired for determination of safet* stock.

Correct Answer(alseYour AnswerTrue

True'(alseQuestion(ire etinguishers should "e er* near to staff mem"ers.

Correct Answer(alse

Your AnswerTrue



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)n -$works contract "u*er is responsi"le for #$Correct AnswerArranging for transport including loading on to the ehicle at supplier7s works ! 2a*ing forfreight ! Arranging for transit insuranceYour Answer


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Multiple Choice Multiple AnswerQuestion(ollowing agreement hae "een epressl* declared oid as per the )ndian Contract Act=>?@ #$Correct AnswerAgreement in restraint of marriage ! Agreement "* wa* of wages ! Agreements to do

impossi"le actsYour Answer

Agreement in restraint of marriage ! Agreements in restraints of "usiness ! Agreement"* wa* of wages

Select The BlankQuestionS*stematic ________of stores is the ke* to its efficient operation.Correct Answer1a*outYour Answer1a*out

at =#F AMF comments1inks to this post



Multiple Choice Multiple AnswerQuestion2rimar* duties to "e performed "* purchase department are #$

Correct Answer%eceipts! sorting of purchase indents and determination of method of "u*ing !

2erformance ealuation and feed"ack ! Search for suppliersYour AnswerSearch for suppliers ! %eceipts! sorting of purchase indents and determination of methodof "u*ing ! 2erformance ealuation and feed"ack

True'(alseQuestion)ndentor7s cop* is meant to ena"le indentor to follow up with the purchase department.

Correct AnswerTrue

Your AnswerTrue


________specification are usuall* flei"le and can "e altered during consultation withdifferent manufacturers of the e0uipment.Correct Answer-0uipmentYour Answer

-0uipment


Second "in 0uantit* can "e 0ualified "* #$Correct Answer
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m H 1 CYour Answerm H 1 C

True'(alseQuestion

Continuous stock$taking tends to dislocate the working of store.Correct Answer

(alseYour Answer

(alse

Multiple Choice Single AnswerQuestion%edundant Stock is nothing "ut #$Correct Answer4orthless for conersion , other useYour Answer

4orthless for conersion , other use


The cost incurred in proiding ade0uate insurance coer to the materials in transit and instorage isCorrect Answer)nsurance costYour Answer)nsurance cost

Select The Blank

QuestionSet$up cost for manufactured item in own plant is ________.

Correct Answer:er* highYour Answer:er* high

Multiple Choice Single AnswerQuestionThe "u*ing which is receied in staggered lots! each lot at times ma* e0ual -&Q is #$

Correct AnswerContract "u*ing

Your AnswerSchedule "u*ing

Multiple Choice Single AnswerQuestion2rice of the commodit* is conditioned "* the forces of suppl* and demand is #$Correct AnswerDemand and suppl* condition

Your AnswerDemand and suppl* condition


Question

The su"mission of the final offers "* the prospectie sources is #$Correct Answer


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(irm "iddingYour Answer(irm "idding


________ of the department refers to the placement of the department in the structureof the compan*.

Correct AnswerStatus

Your AnswerSi5e

Select The BlankQuestion2aper work cost is ________.Correct Answer2rocurement cost

Your Answer2rocurement cost

True'(alse

QuestionThe trade discount is not allowed as a percentage of pu"lished price.Correct Answer(alseYour Answer(alse


Question4hat are the different methods of identif*ing materials9

Correct AnswerTagging ! 1a"eling ! -ngraingYour AnswerTagging ! 1a"eling ! -ngraing

Multiple Choice Single AnswerQuestion2rices of certain commodit* ma* "e fied "* the goernment and there"* putting a

restriction on "oth "u*er and seller is #$Correct Answer

8oernment restrictionsYour Answer8oernment restrictions

True'(alseQuestionMultiple sampling is an etension of the dou"le sampling plan.Correct Answer

TrueYour Answer

True

Match The (ollowing



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Your Answer1a"our management relations)nestigating into suppliers capa"ilities)nestigating into suppliers capa"ilitiesTechnical discussions "etween the representaties of a "u*er and supplierTechno commercial discussion and trial order

Techno commercial discussion and trial order(ollow up with the supplier until sample su"mission

Sample alidationSample alidation

T*pe of supplier2reliminar* selection of the suppliers2reliminar* selection of the suppliers

Select The BlankQuestion%eiew s*stem$optional replenishment is a modification of ________.Correct Answer

(ied$order interal s*stemYour Answer

%e$order leel s*stem

Multiple Choice Multiple AnswerQuestionCosts inoled in materials management areCorrect AnswerBasic cost of materials ! 8oernment ta and leies ! &rdering costYour Answer

Basic cost of materials ! 8oernment ta and leies ! &rdering cost

True'(alseQuestion

Safet* stock forms a fied portion of inentories.Correct AnswerTrueYour AnswerTrue

True'(alseQuestion

Maintenance and repair costs in used e0uipments are relatiel* higher.Correct Answer

TrueYour AnswerTrue

Multiple Choice Multiple AnswerQuestion4hat are the areas of control to improe profitCorrect Answer

)ncrease units sold ! )ncrease production ! %educing capitalYour Answer

)ncrease units sold ! )ncrease production ! %educing capital


QuestionMain transport documents used "* trade are #$


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Correct Answer%% ! 1%Your Answer%% ! 1%


QuestionQuantit* "ased adance license is "ased on standard of #$

Correct Answer)nput$output norms fied "* A1C

Your Answer)nput$output norms fied "* A1C

Select The BlankQuestion&riginating department of dail* material receipt report is ________.Correct Answer%eceiing store

Your Answer2urchase department


Question4hat are the limitations of alpha "etical s*stem9Correct Answer%epetition of alpha"ets often leads to confusion and wrong identification ! The selectionof proper alpha"ets for each of the items is difficult. ! The codes cannot "e amplifiedwhich restricts its use to smaller firms

Your Answer%epetition of alpha"ets often leads to confusion and wrong identification ! The selection

of proper alpha"ets for each of the items is difficult. ! The codes cannot "e amplifiedwhich restricts its use to smaller firms

True'(alseQuestionSmall parcels! Samples! gifts which are receied from other countries proisions ofimport polic* , customs not applied on them.Correct Answer(alseYour Answer

(alse

Select The BlankQuestionMalpractices are ________.Correct AnswerManipulations "* stores staffYour AnswerCommon in all stores

True'(alseQuestion

The registered firms are re0uired to su"mit securit* deposit which is re0uired fromunregistered firms.

Correct Answer

(alseYour Answer


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(alse

Multiple Choice Single AnswerQuestion)n instantaneous replenishment s*stem #$Correct Answer

)tem consumption demand rate is constantYour Answer

)tem consumption demand rate is constant

Multiple Choice Multiple AnswerQuestionStore manager has to ensure securit* #$Correct Answer&f store "uildings ! &f stock *ardsYour Answer&f store "uildings ! &f stock *ards ! &f stores staff


The process of procurement of raw material! wip! finished goods! /igs! fitures and othertools and e0uipments which are re0uired for the operation and maintenance of a

manufacturing plant is known asCorrect Answer2urchasingYour Answer2urchasing


%eceiing inspector should hae to #$Correct Answer

Segregate defecties ! Maintain endor wise 0ualit* recordsYour AnswerSegregate defecties ! Maintain endor wise 0ualit* records

Multiple Choice Single AnswerQuestion)dentif*ing the need for source selection and source deelopment is #$Correct Answer

Source re0uirement stageYour Answer

Source re0uirement stage

True'(alseQuestionSupplier7s delier* ratings should "e communicated on periodical "asis.Correct AnswerTrueYour Answer

True


Correct Answer

Your Answer:endor rating


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%ight source%ight source%eplenishment method%ight time%ight timeCompetitie "idding

%ight price%ight price

-&Q%ight 0uantit*

%ight 0uantit*

Multiple Choice Single AnswerQuestion-&Q means #$Correct Answer4hen total cost , right 0uantit* are "alancedYour Answer

4hen total cost , right 0uantit* are "alanced


The cost incurred in moement of materials from suppliers works to "u*er7s works isCorrect Answer(reight costYour Answer(reight cost


:alue anal*sis speaks a"out #$Correct Answer

Cost improement ! )mproement in 0ualit*Your AnswerCost improement ! )mproement in 0ualit*

Multiple Choice Multiple AnswerQuestionAdantages of fied price agreements are #$Correct Answer

The* are eas* to administer ! The* gie certaint* to the "u*er who knows from the start!amount he has to pa* for the goods'serices. ! The* protect "u*er from possi"le

financial risks from price escalationsYour AnswerThe* are eas* to administer ! The* gie certaint* to the "u*er who knows from the start!amount he has to pa* for the goods'serices. ! The* protect "u*er from possi"lefinancial risks from price escalations


Main information in the "ill of material is #$Correct Answer

2art no. ! Material specification ! Quantit* per assem"l*Your Answer

2art no. ! Material specification

Select The Blank


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Bulk* items imperious to weather is kept at er* safe place inside store.Correct Answer(alseYour Answer(alse


2etroleum product imports are channealised through________.Correct Answer

)ndian oil corporationYour Answer)ndian oil corporation

Multiple Choice Single AnswerQuestion2rocurement "* more than one firm "* pooling their re0uirements is #$Correct Answer

Cooperatie "u*ingYour Answer

Cooperatie "u*ing

Multiple Choice Single AnswerQuestion(or the inspection of special Cutting tools which department is responsi"le9Correct Answer2lanning department , inspection departmentYour Answer

Maintenance department


Correct AnswerYour Answer:endor rating%ight source%ight source%eplenishment method%ight time%ight time

Competitie "idding%ight price

%ight price-&Q%ight 0uantit*%ight 0uantit*

Multiple Choice Single AnswerQuestionThe cost incurred in proiding ade0uate insurance coer to the materials in transit and in

storage isCorrect Answer

)nsurance costYour Answer

)nsurance cost



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Question)mport transactions are su"/ect to following additional laws compared to procurementfrom sources within the countr* as #$Correct Answer)mport trade control act Iulation ! Custom act ! Central ecise %ules @FF@Your Answer

)mport trade control act Iulation ! Custom act ! Trade polic* act @FFF

True'(alseQuestion

2ro/ects are usuall* su"/ected to uncertaint* , often dela* takes place in completion ofpro/ects which results in cost oer runs.Correct AnswerTrueYour AnswerTrue

True'(alse

QuestionContract whose o"/ect is not lawful are not oid.

Correct Answer(alse

Your Answer(alse

True'(alseQuestionShortage chasing is intended to remind the supplier of the due date and o"tain adance

information of epected dela*s.Correct Answer

(alseYour Answer

(alse

Multiple Choice Multiple AnswerQuestion&ptimal purchase 0uantit* comprises #$Correct AnswerAnnual inentor* carr*ing cost ! Annual procurement costYour Answer

Annual inentor* carr*ing cost ! Annual procurement cost ! Set$up cost

Multiple Choice Multiple AnswerQuestionSteel almirahs are used for storage of #$Correct Answer-pensie items ! Scarce itemsYour Answer-pensie items ! Scarce items ! 3igh risk materials


Some of the "enefits if materials are supplied "* the "u*er are #$Correct Answer

The supplies of goods are guaranteed especiall* during the periods of shortages. ! The

fre0uent re0uests for the price reisions are aoided ! The "u*er is sure of the 0ualit* ofmaterials.


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Your AnswerThe "u*er is sure of the 0ualit* of materials. ! The fre0uent re0uests for the pricereisions are aoided ! The unnecessar* profit on materials are added "* the suppliers.


The "u*ers are asked to adopt the following method for follow up #$Correct Answer

Telephone ! 1etters ! -$mail! telegramYour Answer

Telephone ! 1etters ! -$mail! telegram

True'(alseQuestionStores is the +Safe Custod*+ for keeping materialsCorrect AnswerTrueYour Answer

True


2rices of certain commodit* ma* "e fied "* the goernment and there"* putting arestriction on "oth "u*er and seller is #$Correct Answer8oernment restrictionsYour Answer8oernment restrictions


QuestionA contract terminates under following condition #$

Correct AnswerDischarge "* performance ! Discharge "* %elease ! Discharge "* noationYour AnswerDischarge "* performance ! Discharge "* %elease ! Discharge "* noation


________ is followed in pu"lic sector organi5ations to identif* the lowest potential

"idder.Correct Answer

Tender s*stemYour AnswerTender s*stem

True'(alseQuestionThe performance of an e0uipment can not "e erified on the spot if the e0uipment is notin operation.

Correct Answer(alse

Your AnswerTrue



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Correct AnswerYour AnswerSpeculatie "u*ingBulk purchasing6on perisha"le itemsCapital purchasing

2lant and machiner*2lant and machiner*

8roup purchasing3ardware materials

Bulk purchasingSerice contractT*pewriters3ardware materials

True'(alseQuestionMetals should "e stored at least =J$@F cm a"oe the ground.

Correct AnswerTrue

Your AnswerTrue

Multiple Choice Multiple AnswerQuestionCosts inoled in materials management areCorrect AnswerBasic cost of materials ! 8oernment ta and leies ! &rdering cost

Your AnswerBasic cost of materials ! &rdering cost ! &erhead

Select The Blank

Question________ of the department refers to the placement of the department in the structureof the compan*.Correct AnswerStatusYour Answer1ocation

True'(alseQuestion

:alue anal*sis is the cost reduction techni0ue.Correct AnswerTrueYour AnswerTrue


(or large engineering firms main store could "e su" diided into #$Correct Answer

(inished part store ! %aw material store ! Semi finished item storeYour Answer

%aw material store ! Semi finished item store ! (inished part store



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Question)n pro/ect procurement what work is coered in detailed engineering stage9Correct AnswerCross erification of technical specifications , finalisation of commercial termsYour AnswerCross erification of technical specifications , finalisation of commercial terms

Select The Blank

QuestionSu" contracting decisions must "e "ased on outcome of ________ anal*sis.

Correct AnswerCost "enefitYour AnswerCost "enefit

Multiple Choice Multiple AnswerQuestionDisadantages of forward "u*ing are #$

Correct AnswerSuch a "u*ing ma* not sere entirel* the needs of the production department ! 2rice

epectations if not realised ma* result in ma/or financial loss to the firm. ! 1arge scaleo"solescence ma* result if design changes occur.

Your Answer2rice epectations if not realised ma* result in ma/or financial loss to the firm. ! 1argescale o"solescence ma* result if design changes occur.


4ho act as a link "etween compan*7s financial department and supplier7s for timel*pa*ment9

Correct Answer2urchase diision

Your Answer2urchase diision

Multiple Choice Single AnswerQuestion4hat is the meaning of stores la*out9Correct Answer2h*sical arrangement of space for storage material moement! office etc which should

proide for most efficient receipt storage , issue of materialYour Answer

2h*sical arrangement of space for storage material moement! office etc which shouldproide for most efficient receipt storage , issue of material

True'(alseQuestion)f item is manufactured in small 0uantities! set$up cost is high.Correct AnswerTrue

Your AnswerTrue

Select The Blank

Question

________is suita"le for procurement from non$profit making organi5ation.Correct Answer


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Cost plus 5ero feeYour Answer(ied price agreements with escalation.


________ reduce pro"lems of material planning.Correct Answer

%eduction in lead timeYour Answer

%eduction in lead time

Multiple Choice Single AnswerQuestion;)T aims at #$Correct Answer%eduction in non$alue added actiitiesYour Answer

%eduction in non$alue added actiities


Complaints concerning should "e made in such a wa* that negatie reactions areaoided such as #$Correct AnswerDelier* failures ! %e/ection ! ShortagesYour AnswerDelier* failures ! %e/ection ! Shortages


Question)nternal factor influencing materials planning#$

Correct Answer2rocurement lead timesYour Answer2rocurement lead times

Multiple Choice Single AnswerQuestionThe cost incurred in moement of materials from suppliers works to "u*er7s works is

Correct Answer(reight cost

Your Answer(reight cost

True'(alseQuestionSupplier7s delier* ratings should "e communicated on periodical "asis.Correct AnswerTrue

Your AnswerTrue

Select The Blank

Question

4hen the costs are "alanced! total cost is ________.Correct Answer


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Multiple Choice Single AnswerQuestionThe document which is prepared "* the engineering department is #$Correct AnswerBill of material

Your AnswerBill of material


Question4hich of the following is not the eternal factor influencing materials planning9Correct AnswerCorporate o"/ectieYour AnswerCorporate o"/ectie

Select The Blank

QuestionDown time means ________.

Correct AnswerTime re0uired "* e0uipment to "ecome &

materials management 03

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