Post Utme Joseph Ayo Babalola University 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2019 Commerce Objective / Multiple Choice
Question 8 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

A warehouse is using a first-in-first-out (FIFO) inventory system. If the oldest items are sold first, what happens to the inventory levels?

Answer Options

Correct Answer A. Inventory levels decrease
B. Inventory levels remain the same
C. Inventory levels increase
D. Inventory levels fluctuate
Correct Answer
A
Correct Option:
Inventory levels decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

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