Which of the Following Is False Concerning Manufacturing of Joint

question 26

Multiple Choice

Which of the following is False concerning manufacturing of joint products and joint costing?

• A) The number of outputs produced may exceed the number of products.
• B) An output from the process may be recycled without any value being added by its production.
• C) Some outputs from a joint process have no value and are not recognized in the accounting system.
• D) The physical quantity of outputs not recognized in the accounting system, can exceed the quantities of outputs that recognized in the accounting system.
• E) Joint processes always yield either scrap or byproducts.

---

Definitions:

Resource Heterogeneity

The principle that resources needed for production, such as labor, capital, and land, differ in their quality and composition across firms or economies.

Temporary Competitive Advantage

A situation where a firm gains an edge over its competitors for a short period due to unique resources or positioning.

Redesign Production

This refers to the process of changing the way a product is created or manufactured to improve efficiency, quality, or adapt to new market demands.

Resource Heterogeneity

The principle that resources and capabilities differ across firms, which can lead to competitive advantages for firms that have unique, valuable, and inimitable resources.