
Business Documents - Chapter 9
Quiz by Ms Cesar
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14 questions
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- Q1What is the primary purpose of a letter of enquiry in trading?To issue a paymentTo request information about products or servicesTo confirm receipt of goodsTo place a formal order30s
- Q2What document is typically issued by the seller in response to a letter of enquiry?Delivery NoteQuotationPurchase OrderInvoice30s
- Q3What is a purchase order used for in business transactions?To formally request goods or services from a supplierTo request feedback on a productTo provide payment detailsTo confirm the delivery of goods30s
- Q4Which of the following is NOT typically included in a quotation?Delivery termsPricePayment ReceiptProduct description30s
- Q5What is the primary difference between a quotation and a purchase order?A quotation is issued by the buyer, while a purchase order is issued by the sellerA quotation is an offer to sell, while a purchase order is an agreement to buyA quotation is legally binding, while a purchase order is notA quotation confirms the sale, while a purchase order requests prices30s
- Q6What is typically the first document in the trading process when a buyer is interested in a product?QuotationLetter of enquiryPurchase OrderInvoice30s
- Q7What information is commonly found in a purchase order?Supplier's financial historyEmployee salariesMarket analysis reportQuantity and type of goods requested30s
- Q8Which document serves as proof that a buyer has agreed to purchase goods from a seller?Purchase OrderQuotationLetter of enquiryDelivery Note30s
- Q9
What is a Trade discount?
Users enter free textType an Answer30s - Q10
What is the difference between a quantity discount and a cash discount?
Users enter free textType an Answer30s - Q11
Carriage paid means the buyer pays the transport cost
falsetrueTrue or False30s - Q12
Carriage forward means the seller absorbs the transport cost
falsetrueTrue or False30s - Q13
It is possible for a buyer to have goods delivered to an address different from its office?
truefalseTrue or False30s - Q14
A business audit is most credible when done by? Select two answers
Users sort answers between categoriesSorting30s