QQuestionBusiness Management
QuestionBusiness Management
The letters "FIFO" refer to:
A. Stock rotation
B. Federal Foreign Organism Inspection
C. A management plan
D. Food regulation
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Answer
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Step 1: Recall the definition of FIFO.
FIFO stands for First-In-First-Out, which is an inventory management method. In this method, the items that are produced or purchased first are the ones that are sold or used first.
Step 2: Identify FIFO from the given options.
Based on the definition, we can confirm that FIFO refers to A. Stock rotation. This is because the FIFO method is used in the context of inventory or stock management, ensuring that the oldest items are sold or used first.
Final Answer
Stock rotation.
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