QUESTION ONE
a) Explain briefly five objectives of purchasing (10 marks)
b) Explain the meaning of the following terminologies (10 marks)
1. Purchase order
2. Quotation enquiry
3. Consignment note
4. Good received note
5. Advice note
QUESTION TWO
Define the following terms and give two advantages and two disadvantages of the following purchasing structures
a) Centralization (5 marks)
b) Decentralization (5 marks)
QUESTION THREE
a) Explain the functions of a store (10 marks)
b) In make or buy decisions, outline five factors in favor of making (10 marks)
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