In oil refinery, during processing of crude oil, bitumen and chemical fertilizer are also obtained with the main product. These are examples of:

CS Executive · Cost and Management Accounting · PYQS · December 2018
In oil refinery, during processing of crude oil, bitumen and chemical fertilizer are also obtained with the main product. These are examples of:
(A) Joint products
(B) By-products
(C) Co-products
(D) Combined products

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Joint Products and By-products

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic