The World Reserve Base of Minerals Includes

question 38

Multiple Choice

The world reserve base of minerals includes:

• A) deposits that have been identified and located.
• B) deposits of low-grade ores, which may be profitable to extract in the future.
• C) deposits of high-grade ores.
• D) deposits that have not been identified yet.
• E) All of these statements are correct

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Definitions:

Plant And Equipment

Physical assets of a business that are permanent structures or fixed machinery used in operations.

Inventory

The total amount of goods and materials held in stock by a business, intended for sale or production.

Partnerships

A business organization in which two or more individuals own and operate the business together, sharing in profits and liabilities.

Corporations

Legal entities that are separate from their owners, with the ability to own property, incur liabilities, and sell stock.