If a Mining Company Extracts 1500000 Tons in a Period

question 96

Multiple Choice

If a mining company extracts 1500000 tons in a period but only sells 1200000 tons

• A) total depletion on the mine is based on the 1200000 tons.
• B) depletion is recognized on the 1500000 tons extracted.
• C) depletion is recognized on the 1200000 tons extracted and sold.
• D) a separate accumulated depletion account is set up to record depletion on the 300000 tons extracted but not sold.

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Definitions:

Competitive

The state of trying to outperform rivals in a market by offering better products, prices, or services.

Human Resource Management

The strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage.

Performance Appraisal

A systematic evaluation process in which the work performance of an employee is evaluated in terms of quality, quantity, cost, and time.

Human Resource Strategy

A plan that aligns the management of employees with the goals of the organization to gain competitive advantage.