By-products are
A)items resulting from a joint process that have no further value.
B)not sufficient alone,in terms of sales value,for management to justify undertaking the joint process.
C)also known as scrap.
D)the primary reason management undertook the production process.

Question

Quizplus · Accepted Answer

By-products are items resulting from a joint process that have some value, but not enough to justify the cost of production on their own. They are not completely without value, as in option A, nor the primary reason for production, as in option D. Scrap refers to unusable or waste material, which is not necessarily the same as a by-product, so option C is incorrect.

By-Products Are