Impact and Benefit Agreements (IBAs) Are ________

question 83

Multiple Choice

Impact and benefit agreements (IBAs) are ________.

• A) voluntary agreements, beyond the formal impact assessment requirements
• B) intended to facilitate extraction in a manner that contributes to economic and social well-being of local communities
• C) designed to address community and industry relations in mining and extractive resource activities
• D) All of the above

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Definitions:

Break-even Analysis

A financial calculation to determine the point at which a business, product, or project will become profitable, by equating total revenues with total costs.

Single Product

Referring to businesses or production processes that focus on the manufacture or sale of one specific product.

Redesign

The process of changing or modifying the design of a product, service, or system to improve functionality or aesthetics.