Conflict Minerals Knowledge Quiz

2.

The profits from the sale of conflict minerals are financing armed conflict and human rights violations.

True
False

Correct Answer

A. True

Explanation

The statement suggests that the profits generated from the sale of conflict minerals are being used to fund armed conflict and human rights violations. This implies that there is a direct link between the sale of these minerals and the perpetuation of violence and human rights abuses. Therefore, the correct answer is true.

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3.

Conflict minerals legislation requires electronic component manufacturers to disclose whether the minerals present in their products were sourced from rebel controlled mines.

True
False

Correct Answer

A. True

Explanation

Conflict minerals legislation is a regulatory measure that aims to address the issue of minerals sourced from rebel-controlled mines. It requires electronic component manufacturers to disclose whether the minerals used in their products were obtained from such mines. By implementing this legislation, companies are expected to promote transparency and accountability in their supply chains, ensuring that their products are not contributing to human rights abuses or funding armed conflicts. Therefore, the statement "True" is the correct answer.

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4.

Conflict minerals include coltan, cassiterite, wolframite and gold. There are four derivatives used in manufacturing electronic components. Which is not one of the four: used in manufacturing electronic components. Which is not one of the four: used in manufacturing electronic components. Which is not one of the four:

Tantalum
Tin
Tungsten
Gold
Cadmium

Correct Answer

A. Cadmium

Explanation

Cadmium is not one of the four conflict minerals used in manufacturing electronic components. The four conflict minerals are coltan, cassiterite, wolframite, and gold. Cadmium is not commonly used in electronic components and does not fall under the category of conflict minerals.

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5.

The most prevalent conflict mineral derivative is tin. It is found in solder and in soldered components. components. components. componentsa.components

True
False

Correct Answer

A. True

Explanation

Tin is indeed the most prevalent conflict mineral derivative. It is commonly found in solder and soldered components.

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6.

Once refined in a smelter there is no way to detect which mine(s) the minerals came. Manufacturers buying raw materials from a smelter must rely on the smelter to track and confirm the source of the minerals smelted. Manufacturers buying raw materials from a smelter must rely on the smelter to track and

True
False

Correct Answer

A. True

Explanation

When minerals are refined in a smelter, it is not possible to determine the specific mine(s) they came from. Therefore, manufacturers who purchase raw materials from a smelter have to trust the smelter to accurately track and confirm the source of the minerals that were smelted. This means that the statement "Manufacturers buying raw materials from a smelter must rely on the smelter to track and confirm the source of the minerals smelted" is true.

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7.

The USA is the first country to enact conflict minerals legislation. The legislation was part of the Dodd Frank Wall Street Reform & Consumer Protection Act. the Dodd Frank Wall Street Reform & Consumer Protection Act.

True
False

Correct Answer

A. True

Explanation

The statement is true because the USA was indeed the first country to enact conflict minerals legislation. This legislation was included as part of the Dodd Frank Wall Street Reform & Consumer Protection Act.

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8.

This Act requires companies subject to SEC annual reporting to investigate and disclose in their annual disclosure reports whether any conflict minerals procured were sourced from rebel controlled mines in the eastern region of the Democratic Republic of the Congo (DRC).

True
False

Correct Answer

A. True

Explanation

The explanation for the correct answer, which is True, is that this Act requires companies to investigate and disclose in their annual reports whether they sourced conflict minerals from rebel-controlled mines in the eastern region of the Democratic Republic of the Congo. This legislation aims to address the issue of conflict minerals, which are often linked to human rights abuses and funding armed groups in the DRC. By requiring companies to disclose this information, it promotes transparency and accountability in supply chains and helps consumers make informed choices about the products they purchase.

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9.

The SEC expects to issue their final conflict mineral reporting rules in late 2011.

True
False

Correct Answer

A. True

Explanation

The given statement is true because it states that the SEC (Securities and Exchange Commission) expects to issue their final conflict mineral reporting rules in late 2011. This implies that the SEC has a plan to release these rules by the end of 2011, suggesting that the statement is correct.

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10.

The European Union has not yet enacted conflict minerals disclosure rules.

True
False

Correct Answer

A. True

Explanation

The explanation for the given correct answer is that as of now, the European Union has not implemented any specific rules or regulations regarding the disclosure of conflict minerals. This means that companies operating within the EU are not legally required to disclose information about the sourcing and use of minerals that may have been associated with armed conflict or human rights abuses. However, it is important to note that this situation may change in the future as the EU continues to work towards addressing the issue of conflict minerals.

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CoNFLict Minerals Knowledge Quiz

Conflict minerals are frequently found in electronic products such as cell phones, portable music players, digital cameras and computers. Conflict minerals are sourced from rebel controlled mines located in the eastern region of the Democratic Republic of the Congo (DRC).

Quiz Preview

The profits from the sale of conflict minerals are financing armed conflict and human rights violations.

Conflict minerals legislation requires electronic component manufacturers to disclose whether the minerals present in their products were sourced from rebel controlled mines.

The most prevalent conflict mineral derivative is tin. It is found in solder and in soldered components. components. components. componentsa.components

The USA is the first country to enact conflict minerals legislation. The legislation was part of the Dodd Frank Wall Street Reform & Consumer Protection Act. the Dodd Frank Wall Street Reform & Consumer Protection Act.

This Act requires companies subject to SEC annual reporting to investigate and disclose in their annual disclosure reports whether any conflict minerals procured were sourced from rebel controlled mines in the eastern region of the Democratic Republic of the Congo (DRC).

The SEC expects to issue their final conflict mineral reporting rules in late 2011.

The European Union has not yet enacted conflict minerals disclosure rules.