In Considering the Operations of a Mining Company,diversifiable Risk Is

question 36

Multiple Choice

In considering the operations of a mining company,diversifiable risk is best described as:

• A)the combination of risk factors that relate to the operations of the mining company.
• B)all of those factors that influence all companies in the economy,regardless of industry.
• C)all risk factors that tend to influence the mining industry specifically.
• D)variations in international commodity prices and the price of gold.

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Definitions:

Work-In-Process Inventory

The cost of unfinished goods in the manufacturing process including labor, material, and overhead.

Total Manufacturing Cost

The aggregate cost of direct materials, direct labor, and manufacturing overhead utilized in producing goods within a reporting period.

Direct Labor Costs

Expenses associated with the labor directly involved in the production of goods or provision of services.

Raw Materials Costs

The expenses associated with acquiring raw materials required to manufacture a product.