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New JC Business: Business Documents Flashcards | StudBud
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New JC Business: Business Documents
New JC Business: Business Documents
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Questions
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Answers
1
Select the advantages of electronic documents.
Reduces administration costs
It ensures the business gets the best deal
Fast
It limits their competition
2
What document will be completed by a supplier when goods are delivered?
Statement
Receipt
Delivery Document
Invoice
3
What does the abbreviation COD stand for?
Cash on Delivery
Check on Document
Cheque on Delivery
Check on Delivery
4
What does the abbreviation E&OE stand for?
Errors & Omissions Enabled
Errors & Omissions Explained
Errors & Omissions Excepted
Exceptions & Omissions Excepted
5
Businesses can send and receive their documentation electronically. What is this called?
Online Communication
Electronic Documentation
Electronic Data Interchange
Technological Relations
6
Goods cost €32,287.50. If they were given an extra 5% cash discount for paying within 20 days, how much would they cost?
€1,614.38
€33,901.88
€30,673.12
€30,673.13
7
What document will a business receive from suppliers in response to an enquiry?
Invoice
Statement
Receipt
Quotation
8
Identify the items that would be considered terms of sale.
Delivery details
How the goods must be paid for
Discounts available
Latest company news
9
What should a business do when they receive an invoice?
Ensure calculations are correct
Check the invoice
Ensure the details are correct
Keep it on file for future use
10
What document might be issued after a faulty goods have been returned?
Complaint
Apology
Credit note
Receipt
11
Garden World Ltd discovers that two of the garden heaters they purchased are faulty. What should they do?
Make a complaint to the Ombudsman
Contact the seller
Seek a refund, repair or replacement
Cease business with the supplier
12
What does EDI stand for?
Exchange Data Information
Exchange Document Information
Electronic Document Interchange
Electronic Data Interchange
13
Garden World Ltd sends an email to a few garden suppliers to enquire about products and terms of sale. What is this?
Letter of Enquiry
Supplier Relations
Quotation
Effective Purchasing