Post Utme Bells University 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Bells University Commerce examination.

Post Utme Bells University 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_BELLS_UNIVERSITY • 2023 • COMMERCE • objective

A firm's warehousing and stock control system involves the use of a first-in, first-out (FIFO) inventory management system. Which of the following is a disadvantage of this system?

Answer Options

A. It is easy to implement and maintain
B. It assumes that the oldest items in the inventory are sold first
C. It is more expensive than other inventory management systems
Correct Answer D. It is not suitable for perishable items
Correct Answer
D
Correct Option:
It is not suitable for perishable items

About This Question

This is Post Utme Bells University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Bells University Commerce examination.

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