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Principles Of Purchasing. Question Paper

Principles Of Purchasing. 

Course:Certificate In Management

Institution: Kenya Institute Of Management (Kim) question papers

Exam Year:2013



KENYA INSTITUTE OF MANAGEMENT
Mombasa campus
Certificate Course in Management
Ccm 104 principles of purchasing
Instructions: All Questions are Compulsory
Date 7.01.2013
5.30pm – 6.30pm

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)

Total 50 marks






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