The Primary Difference Between Resources and Reserves Is That

question 2

Multiple Choice

The primary difference between resources and reserves is that:

• A) resources still remain in the ground, while reserves have been mined and are in storage.
• B) resources exist but recovery is not currently profitable; reserves can be extracted for profit.
• C) resources refer to all available useful materials, while reserves refer only to available fossil fuels.
• D) resources are materials currently available to the public, while reserves remain in the ground for future use.

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Definitions:

Review Period

The designated time frame within which a process or performance is evaluated.

Cycle Stock

Inventory that is replenished regularly in response to actual customer demand.

Safety Inventory

Additional stock kept on hand to protect against variability in demand or supply.

Warehouse Inventory

The list of goods and materials held in a warehouse that are available for sale or production needs.