At What Point of the Production Phase of an Extractive

question 20

Multiple Choice

At what point of the production phase of an extractive operation should inventories be recognised?

• A) Inventories may be brought to account at the earliest stage at which their value and quantity may be reliably measured or estimated.
• B) Inventories should be brought to account at the earliest stage at which materials representing, or expected to be converted by further processing to, saleable product can be measured with reliability and the quantities of such materials can be determined by physical measurement or reliable estimate.
• C) Inventories should be brought to account at the point that their recovery from the ground is considered to be virtually certain and the extent of the reserves can be measured reliably.
• D) Inventories should be brought to account only at the latest stage at which materials representing saleable product can be measured with reliability in terms of their recoverable value and cost.
• E) None of the given answers.

Learn about the impact and process of unionization on employees and managers.

Understand the role and process of third-party resolution mechanisms in labor disputes.

Understand the concept and application of union security and its implications.

Identify the various steps involved in the union organizing process.

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Definitions:

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A scale and unit of measurement for temperature where 0 degrees represents the freezing point of water, and 100 degrees represents the boiling point.

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The thickening, hardening, and loss of elasticity of the walls of arteries, often leading to restricted blood flow.

Atherosclerosis

A condition characterized by the hardening and narrowing of the arteries due to the buildup of plaque on the artery walls.