Post Utme Joseph Ayo Babalola University 2020 Commerce Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice

Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A company's production process involves the transformation of inputs into outputs. Which of the following is a characteristic of production?

Answer Options

Correct Answer A. It involves the transformation of inputs into outputs.

B. It is a one-time activity.

C. It is a continuous process.

D. It is a necessary condition for profit maximization.

Correct Answer

Correct Option:

It involves the transformation of inputs into outputs.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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