Directions: Identify what is asked. Write your answer before each number. _____1. Sampling is a process of obtaining information about a group of data having similar purpose or function, usually ten percent (10%) of the total or lot delivery.
_____2. It is the process of examining and testing the procured supplies, materials, equipment and services including raw materials and components to determine their conformity with the contract requirements including all applicable drawings, specifications and purchase description.
_____3. Individual item is checked in conformity with the requirement stated in the specifications. This method of inspection is applicable, but not limited to deliveries of equipment and fixed assets.
_____4. A government official is mandated to exercise diligence in the custodianship of any government property.
_____5. This form contains information about items (name, number, sales and purchase information, and cost of goods sold account information) that any business purchases for sale, tracks in inventory, and displays on a balance sheet. ​

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