Post Utme Crawford University 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • COMMERCE • objective

A company's warehousing and stock control system involves a first-in, first-out (FIFO) inventory management policy. What is the primary advantage of this policy?

Answer Options

A. Reduced inventory costs
Correct Answer B. Improved inventory turnover
C. Increased storage capacity
D. Enhanced customer satisfaction
Correct Answer
B
Correct Option:
Improved inventory turnover

About This Question

This is Post Utme Crawford University 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.

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