Nonrenewable Mineral Resources Are Used in Which of the Following

question 37

Multiple Choice

Nonrenewable mineral resources are used in which of the following electronic devices?

• A) phones
• B) computers
• C) televisions
• D) MP3 players
• E) nonrenewable mineral resources are used in all of these electronic devices

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Definitions:

Constrained Resource

A limited resource that restricts a company's ability to produce goods, offer services, or achieve its objectives.

Contribution Margin

The difference between the sales revenue and variable costs of a product, showing how much revenue contributes towards covering fixed costs and generating profit.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made or if an activity is ceased.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and should not affect future business decisions.