Post Utme Achievers University 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • COMMERCE • objective

A warehouse's stock control system uses a first-in, first-out (FIFO) inventory method. What is the advantage of this method?

Answer Options

Correct Answer A. It ensures that the oldest stock is sold first
B. It ensures that the newest stock is sold first
C. It reduces stock obsolescence
D. It increases stock turnover
Correct Answer
A
Correct Option:
It ensures that the oldest stock is sold first

About This Question

This is Post Utme Achievers University 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Achievers University Commerce examination.

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