Question 5
- List five types of stocks found in a manufacturing organization.
- State five source documents.
- State five rights of an employee.
Observation
Most of the candidates that attempted this question performed well.
(a) Five types of stocks found in a manufacturing organization are:
- Raw materials;
- Work-in-progress;
- Consumable materials;
- Finished goods;
- Maintenance, Repair and Operating (MRO) goods;
- Components;
- Packing materials;
- Loose tools such as bolts and nuts.
(b) Source documents
- Invoice ;
- Receipt;
- Credit note;
- Debit note;
- Voucher/ Petty cash voucher;
- Cheque/cheque counterfoil;
- Pay-in-slip;
- Bank statement;
- Cash register tape;
- Credit card receipt;
- Lockbox check image;
- Packing slip
- Sales order;
- Time card;
- Deposit slip;
- Purchase order;
- Expense report;
- Materials requisition form;
- Quotation.
(c) Rights of an employee
- Right to be indemnified;
- Right to go on leave;
- Right to work in safe place;
- Right to receive salary;
- Right to be reimbursed for expenses;
- Right to fair hearing in time of dispute;
- Right to keep copies of some signed documents;
- Right to complain or protest about work;
- Right against discrimination;
- Right against sexual harassment at workplace;
- Right to be informed;
- Right to work in a healthy environment;
- Right to resign;
- Right to sue and be sued;
- Right to be free from retaliation for filing a claim or complaints against any employee.