Of the 89 Naturally Occurring Elements, How Many Are Needed

question 26

Multiple Choice

Of the 89 naturally occurring elements, how many are needed to account for 99.7 percent of the mass of Earth's crust?

• A) 42
• B) 21
• C) 12
• D) 10

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Definitions:

Weighted-Average Method

An inventory valuation method using the weighted average of all items in inventory to determine the cost of goods sold and ending inventory value.

Cost System

A methodical process for recording, measuring, and analyzing costs associated with a company's operations, aiding in financial planning and control.

Processing Department

A division within a manufacturing operation where a specific operational task is performed, such as mixing, cooking, or packaging.

Process Costing System

An accounting method used to assign costs to units of production in continuous processes, where similar items are produced.