INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 163

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The [higher | lower] the PE ratio,the less confidence investors are said to have in the corporation.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Mining Company

A company involved in the extraction of minerals, metals, or other geological materials from the earth.

Mineral Rights

Legal entitlements allowing the holder to explore, extract, and sell mineral resources from a piece of land.

Depletion

The allocation of the cost of natural resources over their productive life.

Granite

A very hard, granular, crystalline, igneous rock consisting mainly of quartz, mica, and feldspar; widely used as a building stone.