Which of the Following Statements Is True of Scrap

question 145

Multiple Choice

Which of the following statements is true of scrap?

• A) When a production process yields two or more products with high total sales values relative to the total sales values of other products, those are called scrap.
• B) For accounting purpose, distinction is made between normal and abnormal scrap.
• C) Scrap refers to units of production, fully or partially completed, that do not meet the specifications required by customers for good units and are discarded or sold at reduced prices
• D) Scrap is either sold or disposed of quickly or it is stored for later sale, disposal, or reuse.

---

Definitions:

Optimum Execution Approach

The most efficient and effective method of completing tasks or projects to achieve the best results.

Project Profile

A comprehensive overview or summary of a project, including its objectives, scope, participants, and significant milestones.

Clarity Of Objectives

The extent to which the goals and aims of a project or task are clearly defined and understandable.

External Attributes

Characteristics or features of a product, system, or process that are apparent and significant to the end-user or customer.