Shortage of What Material Has Forced Many Steel Companies to Prospect

question 75

Multiple Choice

Shortage of what material has forced many steel companies to prospect for new locations worldwide?

• A)aluminum
• B)bauxite
• C)iron-ore
• D)plastic

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Definitions:

Operating Lease

A contract that allows for the use of an asset but does not convey rights similar to ownership, typically shorter term and cancellable.

Future Rentals

Expected or scheduled payments for the use of tangible assets (such as real estate or equipment) over the duration of a lease agreement.

Contingent Rentals

Contingent Rentals are lease payments that are not fixed or established in advance but depend on a future event or condition, like a percentage of sales.

Rental Income

The income received from leasing out property or other assets.