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Question
Statement 1: Final Goods do not undergo any further transformation at the hands of any producer.
Statement 2: Final goods may get transformed during their consumption by the ultimate purchaser.
In light of the given statements, choose the correct option from the following:
Options
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both Statements 1 and 2 are true.
Both Statements 1 and 2 are false.
MCQ
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Solution
Both Statements 1 and 2 are true.
Explanation:
Final goods are those that have completed the production process and do not undergo any further transformation by producers. These goods may transform during consumption, such as food, which is ingested and transformed in the buyer’s body.
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