Post Utme Eksu 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Eksu Commerce examination.

Post Utme Eksu 2023 Commerce Objective / Multiple Choice

Question 8 POST_UTME_EKSU • 2023 • COMMERCE • objective

A warehouse's inventory management system uses the First-In-First-Out (FIFO) method to track stock levels. What is the primary advantage of using FIFO?

Correct Answer A. It ensures that the oldest stock is sold first

B. It minimizes stock obsolescence

C. It maximizes stock turnover

D. It reduces stock holding costs

Correct Answer

Correct Option:

It ensures that the oldest stock is sold first

This is Post Utme Eksu 2023 Commerce Question 8. It is one of the objective questions from the 2023 Post Utme Eksu Commerce examination.

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