Not checkin goods have been receivd within reasonable period 4 all purchases increases risk of

running out of stocks of the goods.

You should take a supplier discount for early payment when:

you have enough cash available to pay the invoice early.

Goods should be counted and checked on receipt when:

all goods deliveries should be checked and counted.

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AIS Revision - Week 8

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Questions 10

Answers

1
The expenditure cycle could receive purchasing requests from:
the inventory department.
all of the above.
miscellaneous departments
the production cycle.
2
Supply chain management software (SCM) is not useful for:
making payments to suppliers.
routing goods.
receiving goods.
identifying product demand.
3
Not checkin goods have been receivd within reasonable period 4 all purchases increases risk of
running out of stocks of the goods.
not paying for the goods.
incorrect inventory records.
receiving the wrong goods.
4
When choosing a supplier you should consider the:
product quality only.
product price only.
supplier service levels only.
business strategy.
5
If an organisation does not use authorised or approved suppliers, there is a risk that:
it may pay too much for the goods it buys.
all of the above.
frauds such as kickbacks may occur.
it may buy poor quality goods.
6
An organisation has committed to purchase goods from a supplier when:
a purchase requisition is created.
purchasing staff obtain a quote for the goods.
a purchase request is created.
a purchase order is created.
7
You should take a supplier discount for early payment when:
the supplier asks you to pay early.
the goods have been delivered.
the invoice has been received.
you have enough cash available to pay the invoice early.
8
Using a barcode scanner to record goods received reduces the risk of:
forgetting to record the goods received.
both (a) and (b).
counting the goods incorrectly.
neither (a) nor (b).
9
Which of the following helps to determine demand for products?
All of the above.
The forecast for future sales
The business strategy.
The level of previous sales
10
Goods should be counted and checked on receipt when:
the cartons look damaged.
the number of goods is small enough to count them easily.
all goods deliveries should be checked and counted.
the delivery docket has a barcode on it.

AIS Revision - Week 8 Flashcards | StudBud