ESM422 Tma Solutions
1. The _______ is a standard method that predicts the net income flows of an asset over its entire economic life
User cost
Income approach
—>> Net present value
None of the above
2. _________ estimates and totals up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile.
Output approach
Appraisal value
Income approach
—>> Cost-benefit
3. The _______ method is best applied to properties which are actively being explored.
—>> Appraisal value
User cost
Net presnt value
Cost approach
4. The method for eliciting market valuation of a non-market good is __________
Income approach
Appraisal value
—>> Contigent value
Cost approach
5. _______ represents the forecasted Net Benefits during the lifetime of the resource
—>> Income flow
Cost of capital
All of the above
None of the above
6. A survey-based economic technique for the valuation of non-market resources such as environmental preservation or the impact of contamination is ________.
Cost approach
—>> Contigent value
Income approach
Appraisal approach
7. _________ is an economic, non-market based valuation method especially used to infer individual’s preferences for public goods, notably environmental quality.
Income approach
Appraisal value
—>> Contigent value
Cost approach
8. A typical Contigent Value Method survey consists of _____ sections.
1
2
—>> 3
3
9. The ________ is used to value depletion which considers the cost needed to replace a certain mineral assets.
Income flow
Income approach
Net price value
—>> Cost approach
10. The _______ method is based on the premise that the real value of an exploration property or a marginal development property lies in its potential for the existence and discovery of an economic mineral deposit.
Output
Income approach
Cost
—>> Appraisal value
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