Which Mineral Resources Are Considered Renewable

question 36

Multiple Choice

Which mineral resources are considered renewable?

• A)base metals only
• B)nonmetallic minerals only
• C)iron and aluminum ores
• D)No mineral resources are renewable.

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Definitions:

Gross Profit

delineates the profit a company makes after subtracting the costs directly associated with making its products or providing its services.

Direct Labor

The labor costs associated with workers who are directly involved in the production of goods or provision of services.

Total Manufacturing Costs

The aggregate cost of direct materials, direct labor, and manufacturing overhead incurred in the production of goods.

Work in Process Inventory

The stock of partially finished goods still undergoing manufacturing processes.