Post Utme Unilag 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Unilag Commerce examination.

Post Utme Unilag 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNILAG • 2018 • COMMERCE • objective

A warehouse's inventory management system uses the first-in-first-out (FIFO) method to track stock levels. Discuss the advantages and disadvantages of this method.

Answer Options

Correct Answer A. Advantages: reduces stockouts, minimizes waste; Disadvantages: may lead to overstocking, increases labor costs
B. Advantages: reduces labor costs, minimizes waste; Disadvantages: may lead to stockouts, increases inventory costs
C. Advantages: reduces inventory costs, minimizes stockouts; Disadvantages: may lead to overstocking, increases labor costs
D. Advantages: reduces labor costs, minimizes waste; Disadvantages: may lead to stockouts, increases inventory costs
Correct Answer
A
Correct Option:
Advantages: reduces stockouts, minimizes waste; Disadvantages: may lead to overstocking, increases labor costs

About This Question

This is Post Utme Unilag 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Unilag Commerce examination.

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