Which of the Following Statements Is True About Fixtures

question 7

Multiple Choice

Which of the following statements is true about fixtures?

• A) Freestanding appliances are considered to be fixtures.
• B) An item that is not permanently affixed to the land cannot be considered as a fixture.
• C) If a tenant attaches an item permanently to the realty, it is no longer the personal property of the tenant.
• D) When a trade fixture is attached to the realty, it is no longer the personal property of the business tenant.

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Definitions:

Buyer Power

is the influence and negotiating capability that consumers or purchasing entities have over sellers within a market, affecting prices, terms, and product offerings.

Operations Managers

Professionals responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.

Higher Margins

Refers to increased profitability, achieved by either raising selling prices or reducing production costs, resulting in a larger difference between sales revenue and the cost of goods sold.

Finance Managers

Professionals responsible for managing the financial health of an organization, including planning, organizing, controlling, and monitoring financial resources.