Post Utme Al Hikmah University 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • COMMERCE • objective

A company uses a first-in-first-out (FIFO) inventory system to manage its warehouse. What is the primary advantage of this system?

Answer Options

A. Reduced storage costs
B. Improved inventory accuracy
Correct Answer C. Reduced inventory obsolescence
D. Increased customer satisfaction
Correct Answer
C
Correct Option:
Reduced inventory obsolescence

About This Question

This is Post Utme Al Hikmah University 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.

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