Multiple choice

Directions: Choose the correct option for the given question.

The most important ciriterion for distinguishing between scrap, bye-product and joint-product is ____ of the products.

  1. cost price

  2. market price

  3. relative sales value

  4. realisable value

  5. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The distinction between scrap, by-products, and joint products is primarily based on their relative sales value or economic importance. Scrap has negligible value, by-products have secondary value, and joint products have significant value.

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