The inventory cost flow assumption that generally best matches the physical flow of inventory is: Weighted-average. Lower of cost and net realizable value. FIFO. LIFO.

FIFO

Explanation:FIFO(FIRST IN FIRST OUT) is a term used in inventory management to describe the way in which means the first finished products or raw materials or WIP(work in process) received must be released or used up before the later once.

FIFO is the best inventory cost flow assumption that generally best matches the physical flow of inventory, and it is the best approach to ensure that materials are effectively used and ensure that losses due to spoilage caused by expiry date is reduced etc.

answer; engaging in effective public relations;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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