LILO is the acronym for Last In Last Out

[E. Wolfson]

Business English Lesson, Advanced Level

ESL/EFL Test #157 "Inventories", question 9

The ......... method presumes that the company will continue to keep their oldest items in inventory.

(a) FEFO
(b) FIFO
(c) LIFO
(d) LILO

Business English Lesson, Advanced Level

ESL/EFL Test #157 "Inventories", answer 9

The LILO method presumes that the company will continue to keep their oldest items in inventory.

Correct answer: (d) LILO
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Hello and thank you in advance for your clarification.

I would kindly ask you to explain to me why the correct match is LILO (The LILO method presumes that the company will continue to keep their oldest items in inventory.) as this doesn't seem very logical to me. Is that a computer error or I can't manage to understand the logical sense of this sentence.

LILO is the acronym for Last In Last Out, the oldest items in inventory aren't the first in?

Thank you for your time.

E. Wolfson

[Mister Micawber]

.
An error indeed, Mr Wolfson, but a human one. This testwriter managed to confuse himself with all those acronyms repeated, and will now go in and try to repair the damage for future viewers. Thank you for letting me know.
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Canadian-American native speaker
who teaches English for a living at Mister Micawber's
ESL cafe: Interview with Mr. Micawber