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Four purchasing documents:
(iii)Request for Proposal (RFP)
Two store documents:
(ii)Goods Received Note (GRN)
(i)Purchase Requisition: A Purchase Requisition serves as a formal request for a purchase and is the first step in the purchasing process. It is used within a company to initiate a request to buy goods or services from another department.
(ii)Purchase Order: A Purchase Order is a legally binding document that confirms the details of a purchase agreement between a buyer and a seller. This document outlines the exact goods or services to be purchased, the agreed-upon price, and the terms of delivery.
(iii)Request for Proposal (RFP): An RFP is a document used to solicit competitive bids from multiple suppliers. The RFP describes in detail the goods or services needed, and suppliers are invited to submit a proposal outlining their proposed solution to meet the requirements.
(iv)Invoice: An Invoice is a document sent by a supplier to the buyer, requesting payment for goods or services provided. It includes details such as the quantity and price of the goods or services, taxes, and shipping costs. The invoice serves as a record of the sale and as a request for payment.
(i) Proper organization and categorization of documents
(ii) Clear and consistent labeling and indexing of files
(iii) Adequate storage and filing space
(iv) Regular maintenance and upkeep of the system
(v) Accessibility and easy retrieval of files
(i) Proper organization and categorization of documents: It is important to establish a logical and consistent system for organizing and categorizing files. This ensures that documents are stored in a structured manner, allowing for easy identification and retrieval. This can be achieved by grouping files by topic, department, or chronological order, depending on the specific needs of the organization.
(ii) Clear and consistent labeling and indexing of files: Labels and indexes play a crucial role in a filing system as they provide information about the contents of each file. It is essential to use clear and descriptive labels that accurately represent the contents of the file. Consistency in labeling helps to avoid confusion and ensures uniformity across the system. Similarly, creating and maintaining a comprehensive index allows users to quickly locate relevant files based on keywords or categories.
(iv) Fax machine
(x) File cabinet
(i) Adequate ventilation and cooling systems should be in place to prevent overheating and ensure optimal performance of computer equipment.
(ii) Sufficient power supply and backup systems should be available to avoid disruptions and data loss during power outages.
Communication is the transmission of messages or information from one source to another.
(i) It enhances contact with suppliers of goods and services
(ii) For advertisements-Businesses need to inform the public about the availability of their products
(iii) Communication is needed for payment of business transactions
(iv) Communication aids effective business management by providing the necessary information for sound decisions and also keeping staff and management well in-formed.
(v) Feedback/contact with customers Communication helps a business to interact with its customers/market re-search thus enabling firms to improve their products.
(i) Proper lighting
(ii) Comfortable furniture
(iii) Adequate ventilation
(iv) Noise control
(v) Ergonomic setup
(i) Proper lighting: Good lighting is essential for productivity and reducing eye strain. Ensure that the office has sufficient natural light or well-placed artificial lighting to create a bright and comfortable working environment.
(ii) Comfortable furniture: Invest in ergonomic chairs and desks that provide proper support and promote good posture. Comfortable furniture helps reduce physical discomfort and promotes employee well-being, leading to increased productivity.
(iii) Adequate ventilation: Proper airflow and ventilation are crucial in maintaining a healthy office environment. Ensure that the office has proper ventilation systems or windows that allow fresh air circulation, preventing stuffiness and improving air quality for the well-being of employees.
Wages : wage refers to a fixed regular payment that an employer pays to an employee for their labor or services rendered. It is often calculated on an hourly, daily, weekly, or monthly basis and is typically agreed upon in a contract or through employment terms and conditions.
Salary: Salary refers to a fixed regular payment that an employer provides to an employee in exchange for their work or services. Unlike wages, which are often paid on an hourly, daily, or weekly basis, salaries are typically expressed as an annual or monthly amount.
Standing order: Standing is a financial arrangement that instructs a bank or financial institution to make regular, fixed payments from one bank account to another. It is a way of automating recurring payments, such as monthly bills or transfers, without the need for manual intervention each time.
payslip: payslip also known as a pay stub, is a document provided by employers to employees that outlines the details of their salary or wages for a specific pay period. It serves as a record of the employee’s earnings and deductions, providing transparency about how the final pay amount was calculated.
(PICK ANY TWO)
(ii)Salary or Wages
(iv)Bonuses and Incentives
(PICK ANY SEVEN)
(i) Clarity: A good business letter should be written in a clear and concise manner. It should convey the message effectively without any ambiguity.
(ii) Professionalism: It should maintain a professional tone and reflect the company’s or sender’s professionalism and credibility.
(iii) Politeness: The letter should use polite and respectful language addressing the recipient appropriately.
(iv) Accuracy: The content of the letter should be accurate factual and free from any misleading information.
(v) Organization: A well-structured business letter follows a logical sequence with a clear introduction body and conclusion.
(vi) Purpose: It should clearly state the purpose of the letter and any specific actions or requests required from the recipient.
(vii) Consistency: The tone and writing style should be consistent throughout the letter maintaining a cohesive and professional feel.
(viii) Personalization: If appropriate the letter can be personalized by including the recipient’s name rather than using a generic greeting.
(ix) Correct Format: A good business letter adheres to the standard format including a proper heading date address salutation body paragraphs closing and signature.
(x) Proofreading: It is crucial to proofread the letter for any grammatical or spelling errors before sending it. Proofreading ensures that the letter is polished and error-free.