Post Utme Elizade University 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_ELIZADE_UNIVERSITY • 2018 • COMMERCE • objective

In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point (ROP)?

Answer Options

A. To minimize inventory costs
B. To maximize inventory turnover
Correct Answer C. To ensure that stockouts are avoided
D. To optimize the lead time
Correct Answer
C
Correct Option:
To ensure that stockouts are avoided

About This Question

This is Post Utme Elizade University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.

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