NABTEB Commerce 2024 Objective — Question 11

Question 11 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2024 Objective paper, with the correct answer and a full explanation.

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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