WAEC Commerce 2024 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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11. Raw materials are classified as A.
- A. capital employed.
- B. capital owned.
- C. circulating capital.Correct
- D. fixed capital.
Explanation
Raw materials form part of stock of a firm and stock are circulating capital because they are used up within a year.
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