Which of the Following Is NOT Personal Property

question 10

Multiple Choice

Which of the following is NOT personal property?

• A) Building materials.
• B) An air-conditioning system before it is installed in a house.
• C) Trees that have been cut into logs.
• D) A 140-acre farm.

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Definitions:

Cars

Wheeled motor vehicles used for transportation, typically powered by an internal combustion engine or electric motors.

Computers

Electronic devices capable of processing, storing, and displaying information, used for a wide range of applications from personal computing to complex scientific calculations.

Opportunity Cost

The charge of overlooking the next most beneficial alternative while making a choice.

Consumer Goods

Goods that are produced and purchased for personal use, satisfying direct consumer wants and needs.