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Marysya12 [62]
3 years ago
10

Existence value is closely related to Question 9 options: a) Valuation use b) Consumptive use c) Estimated use d) Non-consumptiv

e use: a) are used for direct subsistence by people who collect them b) constitute a majority of the global domestic product c) spoiled and must be destroyed before they can be sold d) sold commercially
Business
1 answer:
artcher [175]3 years ago
5 0

Answer:

A. Non-consumptive use.

A. Are used for direct subsistence by people who collect them.

Explanation:

Existence value simply refers to the satisfaction a person derives from the knowledge that something exists. He may not have a direct use for the commodity at the time , but just knowing that the material exists, serves as utility to him. This is the non-consumptive use.

Most natural resources like marine life and trees in the forests provide existence value to many. These natural resources can be used in a subsistence level by people who have access to them. For example, in local settings, trees can serve as firewood to people.

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rjkz [21]

It depends. Do you want to start a business? If so, it costs alot of money. First you need to decide what you want you business to be, then you have to build a corporation and hire workers.

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3 years ago
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In many developing countries, the majority of citizens make their living through microenterprises- informal, tiny businesses tha
natita [175]

Answer:

The company provides micro financial services to poor and the needy people having no access to regular banking services

This helps to boost small businesses and financial inclusion which are heart of any economy and vital to the economy and promoting growth.

Possible measures taken by the organization includes providing funds for at lower interest rates and providing credit services. Subsidized credit to deficient areas increases productivity and employment growth by means of boosting the small and medium-sized enterprises.

This may work in poor communities in United States. However in united schemes there are lots of other governmental schemes such as coupons, free food etc program are already running.

However, these programs are also carrying a potential here. But there potential is much greater in poor countries having less developed banking and financial reach.    

Explanation:

6 0
3 years ago
Question 4 of 10
ExtremeBDS [4]
I think the answer is either a or c
7 0
1 year ago
Max Staxx borrowed $2,000 on a 10%, 120 day note. After 45 days, Max paid $700 on the note. Thirty days later, Max paid an addit
allsm [11]

$670 is the final balance due that max wants to pay.                                                                                  

<u>Explanation</u>:

  • Max borrowed a $2000 amount on a 120-day note. First, he paid $700 in the 120-day note. So the current amount he paid is $700.
  • After thirty days max paid the amount of $630. So totally he paid $1330 in a note of 75 days. So 45 days are remaining.
  • So the final balance due is $670. So Max wants to pay $670 on a note of 45 days.

6 0
3 years ago
Lawrence Company has cash in bank of $22,000, restricted cash in a separate account of $4,000, and a bank overdraft in an accoun
andre [41]

Answer:

$22,000

Explanation:

It is worth noting that for accounting purposes, restricted cash is one that is not readily available. Such inaccessible funds, therefore, cannot be reported in financial statements. A bank overdraft, on the other hand, is a liability. Lawrence should therefore report cash worth $ 22,000 only.

3 0
2 years ago
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