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Management · Q234

Management Information System (MIS)

Graduate and Post Graduate · Management · question 234

Q234

FIFO stands for ______.

A.
First Interactive First Out
B.
First In First Out
Answer
C.
First Invented First Out
D.
First Interface First Out

Answer: Option B

Solution

Answer: Option B
Solution:
FIFO stands for First In First Out means that the oldest inventory items r recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold.