Post Utme Nile University 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

A warehouse manager is responsible for storing and managing inventory for a company. The manager uses a first-in-first-out (FIFO) inventory system. What is the primary advantage of using a FIFO system?

Answer Options

A. It reduces the risk of inventory obsolescence
B. It minimizes the need for inventory tracking
Correct Answer C. It ensures that the oldest inventory is sold first
D. It maximizes the use of warehouse space
Correct Answer
C
Correct Option:
It ensures that the oldest inventory is sold first

About This Question

This is Post Utme Nile University 2023 Commerce Question 19. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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