FIFO stands for ______.
A. First Interactive First Out
B. First In First Out
C. First Invented First Out
D. First Interface First Out
Answer: Option B
Solution (By Examveda Team)
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.This Question Belongs to Management >> Management Information System (MIS)
Related Questions on Management Information System (MIS)
A. Management level system
B. Operational level system
C. Knowledge level system
D. Strategic level system
A. Decision Support System (DSS)
B. Management Information System (MIS)
C. Executive Support System (ESS)
D. Transaction Processing System (TPS)
A. Decision Support System (DSS)
B. Management Information System (MIS)
C. Executive Support System (ESS)
D. Transaction Processing System (TPS)
A. Knowledge workers
B. Executives
C. System analysts
D. Data workers
Join The Discussion