Conflict Minerals Knowledge Quiz

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Bobastar

Community Contributor

Quizzes Created: 1 | Total Attempts: 96

Questions: 10 | Attempts: 96 | Updated: Apr 7, 2023

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Take this 10 question quiz to see if you're Conflict Minerals savy!

Questions and Answers

1.

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).
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Conflict minerals are indeed frequently found in electronic products such as cell phones, portable music players, digital cameras, and computers. These minerals, such as gold, tin, tantalum, and tungsten, are often sourced from rebel-controlled mines in the eastern region of the Democratic Republic of the Congo (DRC). The extraction and trade of these minerals have been linked to human rights abuses, environmental damage, and the financing of armed conflict in the region. Therefore, it is true that conflict minerals are commonly found in electronic products.

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2.

The profits from the sale of conflict minerals are financing armed conflict and human rights violations.
- A.
  
  True
- B.
  
  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.
- A.
  
  True
- B.
  
  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:
- A.
  
  Tantalum
- B.
  
  Tin
- C.
  
  Tungsten
- D.
  
  Gold
- E.
  
  Cadmium
Correct Answer
E. 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
- A.
  
  True
- B.
  
  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
- A.
  
  True
- B.
  
  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.
- A.
  
  True
- B.
  
  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).
- A.
  
  True
- B.
  
  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.
- A.
  
  True
- B.
  
  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.
- A.
  
  True
- B.
  
  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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Current Version
Apr 07, 2023

Quiz Edited by
ProProfs Editorial Team
Sep 09, 2011

Quiz Created by
Bobastar

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).

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.