BIZ
Master the Basics of Business Transactions
Test your knowledge about essential business documents and processes with our engaging quiz! Dive into topics such as Request for Quotations, Purchase Orders, and Sales Orders, and see how well you understand the commercial landscape.
- 15 multiple-choice questions
- Score based on your responses
- Suitable for business enthusiasts and professionals
It is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service
Purchase order
Sales Order
LOI
RFQ
Businesses use ____________ to summarize all the details that they requested in their Request for Quotation.
Canvass Sheet
Purchase order
Sales Order
Canvass Shit
You can see all these details in RFQ except for:
Company name
Logo
Products
Customer name
None of the above
This indicates the product name, description, unit prices, total, and etc.
RFQ
Canvass Sheet
Purchase Order
Sales Order
This column indicates information why you like their product, services and special offer
LOI
Sales Order
Purchase Order
Recommendation Note
Is a written (or electronic) document meant to record business transactions between a buyer and a seller
Purchase Order
Sales Order
Good receipt note
A process which includes exchange of goods and services with corresponding forms
Purchase Order
RFQ
Trading
Selling
A sales order is a document generated by the seller upon receiving a purchase order from a customer/buyer
Purchase order
Sales order
Trading
Is a receipt or a note that customer uses to validate the receipt of ordered products
Receipt Note
Good Receipt Note
Recommendation Note
After preparing for the Sales Order and ready to deliver they will also use ____________ to validate from the buyer that all of the order are in good condition.
Recommendation Note
GRN
Thank you note
After the Canvass Sheet the customer/buyer can decide which product and service he/she is going to purchase. Now he/she can send the __________ to the supplier.
Sales Order
RFQ
Purchase order
When the seller received the P.O. “Purchase Order” from the customer/buyer then seller will send this document which is ___________
Canvass Sheet
Purchase Order
Sales Order
GRN
Request for Quotation helps the customer or the clients to decide which product is the __________.
Best to buy
Bad to buy
Best to afford
What is the 1st step in cycle of Trading
RQF
Canvass Sheet
GRN
Purchase Order
What is the 5th step in Cycle of Trading
GRN
Canvass Sheet
Purchase order
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