Our Earth Has Many Resources,but They Are Not Unlimited

question 33

Multiple Choice

Our Earth has many resources,but they are not unlimited.In the case of abundant metals,supply will most often meet demand.However,problems can occur when

• A)there is a shortage of ores that can be mined at a reasonable cost.
• B)high grade ores are depleted and low-grade ores need to be mined.
• C)transport and processing costs override economic feasibility.
• D)all of the above.

---

Definitions:

Component Percentages

A method to express various parts of a financial statement as proportions of a whole to analyze component efficiency and performance.

Quality of Income Ratio

A measure that indicates the amount of earnings that are realized as cash; assessing the ability of a firm to convert its net income into cash.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, typically reported in financial statements.

Account Receivable

Money owed to a business by its clients for goods or services that have been delivered but not yet paid for.