Post Utme Ksu 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice
Question 35 POST_UTME_KSU • 2019 • COMMERCE • objective
Post Utme Ksu 2019 Commerce Question 35 diagram

A firm's inventory system is designed to minimize the risk of stockouts. Which of the following is a key principle of inventory management?

Answer Options

A. The use of a just-in-time (JIT) inventory system.
Correct Answer B. The use of a first-in, first-out (FIFO) inventory system.
C. The use of a last-in, first-out (LIFO) inventory system.
D. The use of a periodic inventory system.
Correct Answer
B
Correct Option:
The use of a first-in, first-out (FIFO) inventory system.

About This Question

This is Post Utme Ksu 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

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