Question 3
- What is stock valuation?
- State three reasons for stock valuation.
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Observation
Few candidates attempted this question.
- This part of the question was adequately answered by the candidates.
- Candidates got low marks in this part as a result of them stating issuing, receiving and inspecting of stocks, which are functions of a store keeper. Instead of stating reasons for stock valuation like; the need to price issues.
- Candidates answered this part very well.