Natural Resources That Are Depleted as They Are Used

question 97

Multiple Choice

Natural resources that are depleted as they are used

• A)should not be used.
• B)are called nonrenewable natural resources.
• C)should be used for only highly valued purposes.
• D)should be conserved for future generations.
• E)are called renewable natural resources.

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Definitions:

Equity

The value of an ownership interest in property, including shareholders' ownership in a company.

Accounting Equation

The fundamental principle of accounting stating that Assets = Liabilities + Equity.

Measurement Principle

A financial accounting principle that determines the specific basis (historical cost or fair value) on which assets and liabilities are recorded in the financial statements.

Actual Cost

The incurred cost that reflects the real financial expenditure on a project, purchase, or activity.