please give simple and correct definition for the following..
a) Potential Resources
b) Developed Resources
c) Reserves
d) Stock
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Answers
Answer:
Potential Resources are known to exist and may be used in the future. For example, petroleum may exist in many parts of India and Kuwait that have sedimentary rocks, but until the time it is actually drilled out and put into use, it remains a potential.
The developed resources are defined as the resources which are well developed and are ready to use. Also they are the identified resources which are being used in the present time. The developed resources include Rivers, forest, petroleum etc.
A reserve is profits that have been appropriated for a particular purpose. Reserves are sometimes set up to purchase fixed assets, pay an expected legal settlement, pay bonuses, pay off debt, pay for repairs and maintenance, and so forth. ... Thus, funds designated as a reserve can actually be used for any purpose.
stock refers to the goods on hand which is to be sold to customers. In that situation, stock means inventory. The term stock is also used to mean the ownership shares of a corporation.
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Answer:
Developed resources are the resources which are surveyed and their quality and quantity have been determined for utilisation. The development of resources depends on technology and level of their feasibility.