Secondary Stakeholders Are People Who Will Be Directly Affected by Any

question 31

True/False

Secondary stakeholders are people who will be directly affected by any ethical decision that is made.

Understand the definitions and concepts related to waste products in mining such as tailings, gangue, spoil, and acid mine drainage.

Describe the characteristics and environmental impacts of acid mine drainage.

Recognize different types of rocks (sedimentary, metamorphic, igneous) and their formation processes.

Identify various mining methods (surface and subsurface) and their environmental implications.

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Definitions:

Installment Sales Method

An accounting method used to recognize revenue when payments are received over time in installments, rather than at the point of sale.

Cost Recovery Method

An accounting technique used for recognizing revenue only once the costs of the sold goods or services have been recovered.

Uncollectible Accounts

Also known as bad debts, these are receivables that a business is unable to collect, often leading to their write-off as an expense.

IFRS

International Financial Reporting Standards, a set of accounting principles that dictate how companies' financial statements are prepared.