Manganese Nodule Mining Has Not Developed Because of ________

question 60

Multiple Choice

Manganese nodule mining has not developed because of ________.

• A) low international market prices in metal
• B) unresolved legal ownership problems
• C) technical and developmental costs
• D) All of these are correct.
• E) None of these is correct.

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Definitions:

Net Income

The total earnings of a company or individual after deducting expenses, taxes, and deductions.

Gross Profit

The financial difference between revenue and the cost of goods sold (COGS), indicating the efficiency of a business in managing its direct costs.

Cost of Goods Sold

An accounting term representing the direct costs attributable to the production of the goods sold by a company.

Administrative Expenses

Costs related to the general operation and management of a business, such as salaries of executive personnel and office supplies.