An Office Building Is an Example Of

question 47

Multiple Choice

An office building is an example of:

• A) personal property
• B) intangible property
• C) intellectual property
• D) real property

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Definitions:

Tangible

Capable of being touched or physically felt; having real substance or material existence.

Intangible

Refers to something that cannot be physically touched or measured, such as services, intellectual property, or goodwill.

Method of Delivery

Refers to the way in which goods or services are provided to the customer, including physical delivery, digital delivery, or in-person service.

Idle Capacity

Unused productive ability within a business, often resulting in inefficiency because resources are not being utilized to generate revenues.