GCE Commerce 2024 Objective — Question 11
Question 11 of 50 from the General Certificate of Education (GCE) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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Raw materials are classified as
- A. A. capital employed
- B. B. capital owned
- C. C. circulating capitalCorrect
- D. D. fixed capital
Explanation
Raw materials are a form of circulating capital as they are consumed and converted in the production process.
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