Post Utme Futo 2019 Commerce Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice

Question 17 POST_UTME_FUTO • 2019 • COMMERCE • objective

A firm's warehousing and stock control system involves the use of a first-in-first-out (FIFO) inventory method. What is the primary advantage of this method?

A. It helps to reduce inventory costs

Correct Answer B. It ensures that the oldest items are sold first

C. It increases storage capacity

D. It improves supply chain management

Correct Answer

Correct Option:

It ensures that the oldest items are sold first

This is Post Utme Futo 2019 Commerce Question 17. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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