Post Utme Elizade University 2021 Commerce Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2021 Commerce Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2021 • COMMERCE • objective

A warehouse's inventory management system uses the First-In-First-Out (FIFO) method. Which of the following is a benefit of this method?

Answer Options

A. Reduces storage costs
B. Increases storage capacity
C. Minimizes stockouts
Correct Answer D. Ensures oldest stock is sold first
Correct Answer
D
Correct Option:
Ensures oldest stock is sold first

About This Question

This is Post Utme Elizade University 2021 Commerce Question 23. It is one of the objective questions from the 2021 Post Utme Elizade University Commerce examination.

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