Post Utme Elizade University 2017 Commerce Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2017 Commerce Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2017 • COMMERCE • objective

A warehouse manager is responsible for ensuring that inventory levels are maintained at optimal levels. What is the optimal inventory level, and how can the manager determine it?

Answer Options

A. The optimal inventory level is the maximum level of inventory that can be held in the warehouse
B. The optimal inventory level is the minimum level of inventory that can be held in the warehouse
Correct Answer C. The optimal inventory level is the level of inventory that minimizes holding costs and stockouts
D. The optimal inventory level is the level of inventory that maximizes sales and revenue
Correct Answer
C
Correct Option:
The optimal inventory level is the level of inventory that minimizes holding costs and stockouts

About This Question

This is Post Utme Elizade University 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.

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