Which Statement Below Is True

question 10

Multiple Choice

Which statement below is true?

• A) Most metallic elements are found in the lithosphere in oxidation state zero.
• B) There exists little correlation between the abundance of an element in the lithosphere and its commercial extraction and use.
• C) The United States has plentiful ore fields of all strategic metals.
• D) New mining techniques and relatively untapped ore fields mean that the environmental impacts of mineral extraction will decrease significantly in the future.
• E) The most important commercial class of minerals is the silicates.

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Definitions:

Financial Statements

Formal records that outline the financial activities and conditions of a business, individual, or other entity.

Plant and Equipment

Tangible long-term assets owned by a firm, used in the production or supply of goods and services, such as machinery and buildings.

Functional Currency

The primary currency used by a business or entity in its operations and financial reporting.

Translation Rate

The exchange rate used in translating the financial statements of a foreign entity into the functional currency for reporting purposes.