Which one of the following Is not an example of final goods?

Chalk, dusters, etc purchased by a school

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Fertilizers,used by the farmers

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Wheat used by the flour mill

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All of the above

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Solution

The correct option is D All of the above
option c is correct.
Wheat used by a flour mill is an intermediate product since wheat is used as raw material by flour mill. Value is yet to be added to wheat by converting it into flour.

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Which one of the following Is not an example of final goods?

The correct option is D All of the aboveoption c is correct.Wheat used by a flour mill is an intermediate product since wheat is used as raw material by flour mill. Value is yet to be added to wheat by converting it into flour.

The correct option is D All of the above
option c is correct.
Wheat used by a flour mill is an intermediate product since wheat is used as raw material by flour mill. Value is yet to be added to wheat by converting it into flour.