Virtual Labs

To prepare documents for Procurement activities: Inquiry, Quotation, Comparative statement, Purchase orders for a typical project

What is the primary purpose of an enquiry in the purchasing process?

a: To place an order with a supplier Explanation

Explanation

b: To compare prices from different suppliers Explanation

Explanation

c: To request information from suppliers about their products or services Explanation

Explanation

d: To negotiate the terms of a contract Explanation

Explanation

What is a comparative statement in the purchasing process?

a: A document that compares the prices of different suppliers Explanation

Explanation

b: A document that outlines the technical specifications of a product Explanation

Explanation

c: A document that outlines the terms and conditions of a contract Explanation

Explanation

d: A document that requests information from suppliers about their products or services Explanation

Explanation

What is the primary purpose of a purchase order?

a: To request information from suppliers about their products or services Explanation

Explanation

b: To compare prices from different suppliers Explanation

Explanation

c: To place an order with a supplier Explanation

Explanation

d: To negotiate the terms of a contract Explanation

Explanation

What is the legal requirement for a purchase order in most jurisdictions?

a: It must be signed by the supplier Explanation

Explanation

b: It must be signed by the purchaser Explanation

Explanation

c: It must be in writing and signed by both parties Explanation

Explanation

d: It must be verbal and agreed upon by both parties Explanation

Explanation

What is the purpose of a purchase agreement?

a: To outline the terms and conditions of a contract Explanation

Explanation

b: To request information from suppliers about their products or services Explanation

Explanation

c: To compare prices from different suppliers Explanation

Explanation

d: To place an order with a supplier Explanation

Explanation

What is the legal requirement for a purchase agreement in most jurisdictions?

a: It must be signed by the supplier Explanation

Explanation

b: It must be signed by the purchaser Explanation

Explanation

c: It must be in writing and signed by both parties Explanation

Explanation

d: It must be verbal and agreed upon by both parties Explanation

Explanation

What is the purpose of a contract in the purchasing process?

a: To request information from suppliers about their products or services Explanation

Explanation

b: To compare prices from different suppliers Explanation

Explanation

c: To outline the terms and conditions of an agreement Explanation

Explanation

d: To place an order with a supplier Explanation

Explanation

What is the legal requirement for a contract in most jurisdictions?

a: It must be signed by the supplier Explanation

Explanation

b: It must be signed by the purchaser Explanation

Explanation

c: It must be in writing and signed by both parties Explanation

Explanation

d: It must be verbal and agreed upon by both parties Explanation

Explanation

What is the purpose of a warranty in the purchasing process?

a: To outline the terms and conditions of an agreement Explanation

Explanation

b: To request information from suppliers about their products or services Explanation

Explanation

c: To provide assurance that a product or service will meet certain standards Explanation

Explanation

d: To place an order with a supplier Explanation

Explanation

What is the legal requirement for a warranty in most jurisdictions?

a: It must be signed by the supplier Explanation

Explanation

b: It must be signed by the purchaser Explanation

Explanation

c: It must be in writing and signed by both parties Explanation

Explanation

d: It must be verbal and agreed upon by both parties Explanation

Explanation