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Commerce 2017 WAEC Past Questions

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11

The conversion of raw materials into finished goods is performed by?

  • A. extractive industry
  • B. service occupation
  • C. commercial occupation
  • D. the manufacturing industry
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12

which of the following is not a factor of production

  • A. capital
  • B. labour
  • C. exchange
  • D. entrepreneurship
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Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

13

what is the average stock

  • A. D12,000
  • B. D7,000
  • C. D6,000
  • D. D5,000
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14

What is the cost of goods sold

  • A. D55000
  • B. D42,000
  • C. D32,000
  • D. D28,000
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15

What is the rate of stock turnover.

  • A. 11 times
  • B. 6 times
  • C. 4.7 times
  • D. 4 times
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