Post Utme Esut 2020 Commerce Question 14

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

Post Utme Esut 2020 Commerce Objective / Multiple Choice

Question 14 POST_UTME_ESUT • 2020 • COMMERCE • objective

A company's warehouse is using a first-in, first-out (FIFO) inventory system. Which of the following is a characteristic of FIFO?

Correct Answer A. Oldest items are sold first

B. Newest items are sold first

C. Items are sold in the order they are received

D. Items are sold in the order they are produced

Correct Answer

Correct Option:

Oldest items are sold first

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

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