Post Utme Igbinedion University 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • COMMERCE • objective

A company stores its goods in a warehouse that is owned and operated by a third-party logistics provider. The logistics provider is responsible for ensuring that the goods are stored safely and securely. However, the logistics provider fails to properly secure the goods, resulting in a loss of inventory for the company. Which of the following warehousing and stock control principles is most relevant to this situation?

Answer Options

A. First-In-First-Out (FIFO)
B. Last-In-First-Out (LIFO)
C. Economic Order Quantity (EOQ)
Correct Answer D. Just-In-Time (JIT)
Correct Answer
D
Correct Option:
Just-In-Time (JIT)

About This Question

This is Post Utme Igbinedion University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Igbinedion University Commerce examination.

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