Practice question
Consider the following statements regarding inventory control systems in food service establishments: 1. Perpetual inventory systems allow real-time tracking of stock movement. 2. FIFO ensures that older stock is used before newer stock to reduce spoilage. 3. LIFO is commonly preferred in food service due to perishability advantages. 4. ABC analysis classifies inventory based on value and usage importance. 5. High inventory turnover ratio always indicates overstocking. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12, 3 and 4 only
- 21, 2 and 4 only✓
- 31, 3 and 5 only
- 41, 2, 3 and 5
Correct answer
1, 2 and 4 only
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