Which one of the valuation approaches is based on the, Financial Management

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Which one of the valuation approaches is based on the

1. These benefits include an increase in demand for lodging or for restaurant dining because a city is hosting an NBA All-star game.

a. Direct benefits

b. Indirect benefits

c. Net benefits

d. External benefits

2. Which one of the valuation approaches is based on the premise that close substitutes should sell for similar prices in a competitive market?

None of the approaches are based on this premise.

The income approach.

The cost approach.

The sales comparison approach.

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