Post Utme Veritas University 2022 Commerce Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A company has a production capacity of 100 units per day. However, due to a shortage of raw materials, the company can only produce 80 units per day. What is the name of the production concept that the company is experiencing?

Answer Options

A. Scarcity
B. Opportunity Cost
Correct Answer C. Limited Capacity
D. Economies of Scale
Correct Answer
C
Correct Option:
Limited Capacity

About This Question

This is Post Utme Veritas University 2022 Commerce Question 27. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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