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896
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The average stock is?
  • A. N2000
  • B. N3000
  • C. N5000
  • D. N6000
  • E. N7000
View Answer & Discuss WAEC 1990
897
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?
  • A. N6000
  • B. N10000
  • C. N42000
  • D. N16000
  • E. 20000
View Answer & Discuss WAEC 1990
898
The oldest and commonest form of business in Nigeria is?
  • A. partnership
  • B. the co-operative society
  • C. sole proprietorship
  • D. joint stock veture
  • E. public corporation
View Answer & Discuss WAEC 1990
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899

If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?

  • A. Mr. Aigbojie
  • B. Adefila Limited
  • C. Mrs. Jumai
  • D. Mr. Aigbojie and Adefila Limited
  • E. Adefila Limited and Mrs. Jumai
View Answer & Discuss (2) WAEC 1990
900
Which of the following is not a factor of product?
  • A. Capital?
  • B. Land
  • C. Labour
  • D. Organization
  • E. Staffing
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