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Questions and Answers
Which of the following is an example of a stock procurement?
Which of the following is an example of a stock procurement?
- Salaries for cleaning staff
- Marketing costs
- Raw materials for production (correct)
- Office equipment
What is the difference between stock and non-stock procurement?
What is the difference between stock and non-stock procurement?
- Stock procurement refers to tangible items that will be stored as inventory, while non-stock procurement refers to intangible items that won't be stored as inventory (correct)
- Stock procurement refers to items that are directly associated with a job or contract, while non-stock procurement refers to items that are indirectly associated
- Stock procurement refers to intangible items, while non-stock procurement refers to tangible items
- Stock procurement refers to items that are indirectly associated with a job or contract, while non-stock procurement refers to items that are directly associated
What are indirect costs?
What are indirect costs?
- Costs that are directly associated with a job or contract
- Costs that are allocated to inventory
- Costs that are intangible
- Costs that are not directly associated with a job or contract (correct)
What is an example of a non-stock direct cost?
What is an example of a non-stock direct cost?
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What is an example of a stock indirect cost?
What is an example of a stock indirect cost?
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